1. Daily Commodity Report
23rd February 2012
MCX GOLD (APRIL 12) - Gold opened higher at 28440. It moved
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (19 Mar-12)
lower to touch an intra day low of 28430. However, it managed to
move higher and touched an intra-day high of 28728. It ended the
Open 28,440 57,171 5,226 day with moderate gains to close at 28646.
High 28,728 57,448 5,274
The RSI and the Stochastic are placed above their respective
Low 28,430 56,856 5,226
averages and would lead to buying support at regular intervals. The
Close 28,646 57,257 5,243 ADX line, -DI line are moving sideways, however, +DI line has
Prev. Close 28,380 57,157 5,219
moved above the 30 level indicating buyers are gaining strength.
MCX GOLD faces resistance at 28960, 29212 and 29433, while the
% Change 0.94% 0.17% 0.46% supports are placed at 27557, 26347 and 25500 levels.
Source – MCX
MCX SILVER (MARCH 12) - Silver opened higher at 57171. It
Volume (In 000's) moved higher to touch an intra-day high of 57448. However, it failed
to sustain higher on back of sustained selling pressure. It touched
22/2/2012 21/2/2012 % Chg. an intra-day low of 56856. However, it managed to come off the
Gold (gms) 35,575.0 38,016.0 -6.42% lows for the day to end the day with marginal gains. It closed at
57257.
Silver (kgs) 1,806.8 1,717.4 5.20%
Crude (bbl) 11,970.8 11,619.1 3.03% The RSI and the Stochastic are placed above their respective
Source – MCX averages and would lead to buying support at regular intervals. The
ADX line, +DI line and -DI line are moving sideways, indicating
range bound trend. MCX Silver faces resistance at 57400, 57834,
Turnover (In Lacs)
58480 and 61708, while the supports are placed at 54671, 53170
22/2/2012 21/2/2012 % Chg. and 51366 levels.
Gold 1,014,548.8 1,076,165.7 -5.73%
MCX CRUDE (MARCH 12) - Crude opened higher at 5226 level.
Silver 1,032,396.6 974,896.6 5.90% Incidentally, this was also the lowest price for the day. However, it
managed to bounce back from lower levels. It moved higher to
Crude 628,938.7 604,649.8 4.02%
touch an intra-day high of 5274. It ended the day with modest gains
Source – MCX to close at 5243.
Global Market (Nymex - $) The RSI is placed above its average, which would lead to regular
23/2/2012 22/2/2012 % Chg.
bouts of buying support. However, the Stochastic is placed below its
average. More so both RSI and Stochastic are placed in the over
Gold (oz) 1,774.70 1,770.00 0.27% bought zone, which would lead to regular bouts of profit taking and
Silver (oz) 34.31 34.24 0.19% selling pressure. The ADX line, and –DI line are moving sideways,
but +DI line is placed at 36.52 indicating buyers are gaining
Crude (bbl) 105.90 106.28 -0.36%
strength. It faces resistance at, 5318, 5366 and 5462, while the
Dollar Index 79.16 79.09 0.08% supports are placed at 5095, 4905 and 4727 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5243 5248 5269 5296 5344 5221 5200 5152
GOLD APR 12 28646 28601 28773 28899 29197 28475 28303 28005
SILVER MAR 12 57257 57187 57518 57779 58371 56926 56595 56003
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2. US Economic Calendar:
Thursday Friday Monday Tuesday Wednesday
Feb. 23 Feb. 24 Feb. 27 Feb. 28 Feb. 29
Jobless Claims New Home Sales Pending Home Sales Durable Goods Orders GDP Data
Index
EIA Petroleum Status Consumer Sentiment Dallas Fed Mfg Survey Consumer Confidence EIA Petroleum Status
Report Report
Money Supply Data 4-Week Bill S&P Case-Shiller HPI Ben Bernanke Speech
Announcement
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