1. Daily Commodity Report
25th April 2012
MCX GOLD (5 JUNE 12) - Gold opened higher at 28810. It
Gold Silver Crude
(5 Jun-12) (5 May-12) (21 May-12) moved lower to touch an intra day low of 28807 but managed to
bounce back from lower levels. It moved higher to touch an intra-
Open 28,810 55,550 5,448 day high of 28944 level. It ended the day with modest gains to
High 28,944 56,121 5,502 close at 28873.
Low 28,807 55,527 5,445 The RSI and the Stochastic are placed above their respective
Close 28,873 55,697 5,463 average. These conditions would lead to buying support and short
covering. However, the Stochastic is placed in the over bought
Prev. Close 28,781 55,553 5,443
zone, which would lead to profit taking at higher levels. The ADX
% Change 0.32% 0.26% 0.37% line and the -DI line are moving sideways, but the +DI line is
placed at the 33.66 level indicating buyers are gaining strength.
Source – MCX
MCX GOLD faces resistance at 28960, 29212 and 29433, while
the supports are placed at 28084, 27557, 26517, 26347 and
Volume (In 000's)
25500 levels.
24/4/2012 23/4/2012 % Chg.
MCX SILVER (5 MAY 12) - Silver opened lower at 55550. It
Gold (gms) 26,919.0 30,645.0 -12.16% moved higher to touch an intra day high of 56121. However, it
Silver (kgs) 1,402.7 2,091.2 -32.92% failed to sustain higher and moved lower. It touched an intra-day
low of 55527. It ended the day with modest losses to close at
Crude (bbl) 10,943.5 10,970.5 -0.25% 55697.
Source – MCX
The RSI and the Stochastic are placed below their respective
Turnover (In Lacs) averages. These conditions would lead to selling pressure. The
ADX line, +DI line and –DI line are moving sideways, indicating a
24/4/2012 23/4/2012 % Chg. range bound trend. MCX Silver faces resistance at 56157, 57737,
61708 and 65159 while the supports are placed at 55551, 51029
Gold 777,175.4 879,537.2 -11.64%
and 50252 levels.
Silver 783,390.0 1,166,415.2 -32.84%
MCX CRUDE (19 May 12) - Crude opened higher at 5448 level. It
Crude 598,726.9 595,011.9 0.62% moved lower to touch an intra day low of 5445 but managed to
Source – MCX bounce back from lower levels. It moved higher to touch an intra-
day high of 5502 level. It ended the day flat with modest gains to
Global Market (Nymex - $) close at 5463.
25/4/2012 24/4/2012 % Chg. The RSI and the Stochastic are placed above their respective
averages. These conditions would lead to buying support.
Gold (oz) 1,641.70 1,643.00 -0.08%
However, the Stochastic is placed in the over bought zone, which
Silver (oz) 30.78 30.75 0.09% would lead to profit taking, especially at higher levels. The ADX
Crude (bbl) 103.70 103.55 0.14% line, –DI line and +DI line are moving sideways, indicating a range
bound trend. It faces resistance at 5498 and 5550 while the
Dollar Index 79.21 79.23 -0.02%
supports are placed at 5403, 5335, 5305, 5232 and 5182 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAY 12 5463 5470 5495 5527 5584 5438 5413 5356
GOLD JUN 12 28873 28875 28942 29012 29149 28805 28738 28601
SILVER MAY 12 55697 55782 56036 56376 56970 55442 55188 54594
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2. US Economic Calendar:
Wednesday Thursday Friday Monday Tuesday
Apr. 25 Apr. 26 Apr. 27 Apr. 30 May 01
Durable Goods Jobless Claims GDP Data Personal Income and ISM Mfg Index
Orders Outlays
FOMC Meeting Money Supply Data Employment Cost Chicago PMI Data Motor Vehicle Sales
Announcement Index
EIA Petroleum Status Pending Home Sales Consumer Sentiment Dallas Fed Mfg Construction
Report Index Survey Spending
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