1. Daily Commodity Report
21st December 2011
MCX GOLD (FEB 12) - Gold opened lower at 27685. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
lower during the day to touch an intra-day low of 27652 but
managed to bounce back due to short covering and buying support.
Open 27,685 52,795 5,024 It touched an intra-day high of 27905. It ended the day with
High 27,905 53,575 5,170 moderate gains to close at 27867.
Low 27,652 52,595 5,012 The RSI remains placed below its average, which would lead to
selling pressure at higher levels. However, the Stochastic is placed
Close 27,867 53,487 5,153
above its average, which would lead to buying support at lower
Prev. Close 27,692 52,961 5,016 levels. The ADX and +DI are moving sideways, while -DI line has
% Change 0.63% 0.99% 2.73%
witnessed is placed at 34.66, indicating sellers have an upper hand.
MCX GOLD faces resistance at 27954, 28152, 28960 and 29212,
Source – MCX while the supports are placed at 26347, 25500 and 24992 levels.
Volume (In 000's) MCX SILVER (MAR 12) - Silver opened lower at 52795. It moved
lower during the day to touch an intra-day low of 53575 but
20/12/2011 19/12/2011 % Chg. managed to bounce back due to short covering and buying support.
Gold (gms) 36,711.0 41,775.0 -12.12% It touched an intra-day high of 23575. It ended the day with
moderate gains to close at 53487.
Silver (kgs) 1,653.8 2,018.3 -18.06%
The RSI remains placed below its average, which would lead to
Crude (bbl) 20,207.2 10,750.9 87.96%
further selling pressure. However, the Stochastic has again moved
Source – MCX above its average and it is placed in the over sold zone, which
would lead to intermediate bouts of short covering and buying
Turnover (In Lacs) support at lower levels. The ADX and +DI are moving sideways,
while -DI line has witnessed is placed at 34.70, indicating sellers
20/12/2011 19/12/2011 % Chg. have an upper hand. MCX Silver faces resistance at 54754, 61708,
Gold 1,020,621.9 1,154,199.6 -11.57% 61884 and 64605 levels, while the supports are placed at 52725,
52365, 51226 and 50223 levels.
Silver 880,475.3 1,067,364.1 -17.51%
MCX CRUDE (JAN 12) - Crude opened higher at 5024 level. It
Crude 1,031,084.5 536,905.9 92.04%
moved lower during the day to touch an intra-day low of 5012 but
Source – MCX managed to bounce back due to short covering and buying support.
It touched an intra-day high of 5170. It ended the day with large
Global Market (Nymex - $) gains to close at 5153.
21/12/2011 20/12/2011 % Chg. The RSI has moved above its average, which would lead to buying
support. Moreover, the Stochastic is placed above its average but is
Gold (oz) 1,620.20 1,615.60 0.28%
still placed near the over sold zone, which would lead to
Silver (oz) 29.65 29.49 0.54% intermediate bouts of short covering and buying support. The ADX
Crude (bbl) 98.02 97.24 0.80%
and -DI line are moving sideways, while the +DI line is moving
higher and is placed at 34.54 indicating buyers have an upper hand.
Dollar Index 79.69 79.83 -0.18% It faces resistance at 5174, 5200 and 5342 levels, while the
Source – www.cmegroup.com supports are placed at 5115, 5008 and 4877levels.
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5153 5112 5211 5270 5428 5053 4954 4796
GOLD FEB 12 27867 27808 27964 28061 28314 27711 27555 27302
SILVER MAR 12 53487 53219 53843 54199 55179 52863 52239 51259
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2. US Economic Calendar:
Wednesday Thursday Friday Tueday Wednesday
Dec. 21 Dec. 22 Dec. 23 Dec. 27 Dec. 28
EIA Petroleum Status
Existing Home Sales GDP Data Durable Goods Orders Consumer Confidence
Report
EIA Petroleum Status State Street Investor Bank Reserve
Jobless Claims New Home Sales
Report Confidence Index Settlement
MBA Purchase Personal Income and ICSC-Goldman Store MBA Purchase
Consumer Sentiment
Applications Outlays Sales Applications
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