1. Daily Commodity Report
3rd October 2012
MCX GOLD (5 OCTOBER 12) –
Gold Silver Crude
(5 Oct-12) (5 Dec-12) (19 Oct-12) Gold opened lower at 31155 and moved further lower to touch an
Open 31,155 62,642 4,884 intra-day low of 30975. However, it managed to bounce back and
moved higher to touch an intra-day high of 31250 but failed to
High 31,250 64,999 4,909
sustain higher. It ended the day with moderate losses to close at
Low 30,975 62,203 4,841 31033.
Close 31,033 62,934 4,860 The Stochastic has again slipped below its average. Moreover, the
Prev. Close 31,201 62,780 4,887 RSI is already placed below its average. Both these negative
technical conditions which would lead to selling pressure. However,
% Change -0.54% 0.25% -0.55%
the Stochastic is placed in the over sold zone, which would lead to
Source – MCX regular bouts of shot covering. The ADX line, -DI line and +DI line
are moving sideways, indicating a range bound trend. MCX Gold
Volume (In 000's) faces resistance at 31467, 31937, 32100, 32393 and 32421 while
the support levels are placed at 30837, 30428, 30340, 30179,
01/10/2012 29/09/2012 % Chg.
29668 and 28859.
Gold (gms) 7,321.0 4,853.0 50.86%
MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 2,733.3 37.5 7194.56%
Crude (bbl) 21,806.4 610.0 3474.82% Silver opened lower at 62642 and moved further lower to touch an
intra-day low of 62203. However, it managed to bounce back and
Source – MCX moved higher to touch an intra-day high of 64999 but came off the
highs for the day. It ended the day with modest gains to close at
Turnover (In Lacs) 62934.
01/10/2012 29/09/2012 % Chg.
The Stochastic has again slipped below its average. Moreover, the
Gold 227,659.8 151,410.4 50.36% RSI is already placed below its average. Both these negative
technical conditions which would lead to selling pressure. The ADX
Silver 1,719,752.8 23,521.9 7211.29% line and the +DI line are moving higher and are placed above the
Crude 1,061,590.9 29,811.8 3460.97% 30 level, indicating buyers have an upper hand. MCX Silver faces
resistance at 64600, 65723 and 66000 while the supports are
Source – MCX placed at 62273, 61912, 61398, 60750 and 59512 levels.
Global Market (Nymex - $) MCX CRUDE (19 OCTOBER 12) –
03/10/2012 02/10/2012 % Chg. Crude opened higher at 4884 but moved lower to touch an intra-
Gold (oz) 1,774.50 1,775.60 -0.06% day low of 4841. However, it managed to bounce back and moved
higher to touch an intra-day high of 4909 but failed to sustain
Silver (oz) 34.62 34.67 -0.16% higher. It ended the day with moderate losses to close at 4860.
WTI (bbl) 91.62 91.89 -0.29%
The RSI is placed below its average, which would lead to selling
Brent (bbl) 111.07 111.57 -0.45% pressure. However, the Stochastic is placed above its average
Dollar Index 79.83 79.75 0.10% Moreover, both the RSI is placed around the over sold zone, which
Source – www.cmegroup.com
would lead to intermediate bouts of short covering and buying
support at lower levels. The ADX line and the -DI line are moving
higher and are placed above the 34 level, indicating buyers have
an upper hand. It faces resistance at 4892, 4950, 5050 and 5180
while the supports are placed at 4760, 4692 and 4578.
NOTE – Stop Losses should be considered strictly on Closing
Basis
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2. Commodity News:
Gold inches up as more central bank action eyed
Gold inched up on Tuesday, crawling back towards an 11-month high hit in the previous session, supported by a
slightly weaker dollar and investor hopes for further central bankBSE 0.69 % action to battle the grim outlook for global
economic growth. Spot gold marked an 11-month peak of $1,791.20 on Monday as an unexpected expansion in US
factory activity and more clarity on Spain's bailout plan sent some relief through the market, knocking the dollar index
from a three-week high.
Rubber prices bounce back due to a fall in supply
Rubber jumped to a four-month high, erasing this year's losses, because of a fall in the supply of the commodity after
the world's largest producers began cutting exports by the most since 2009. Rubber for March delivery advanced as
much as 4.6% to 272.5 yen a kilogram ($3,490 a tonne), the highest level since May 30, before trading at 270.5 yen on
the Tokyo Commodity Exchange. The most-active contract has gained 2.7% this year.
Chilli futures decline 1.11% on higher output estimate
Chilli prices declined by Rs 60 to Rs 5,336 per quintal in futures trade today as reduced their positions, triggered by a
higher output estimated in the current year. At the National Commodity and Derivatives Exchange, chilli for delivery in
October declined by Rs 60, or 1.11%, to Rs 5,336 per quintal, with an open interest of 7,630 lots.
Economic Calendar:
Countries / Wednesday Thursday Friday
Regions 03/Oct 04/Oct 05/Oct
INR M3 Money Supply
India FX Reserves, USD (Sep 30)
(Sep 30)
Consumer Credit Change
US MBA Mortgage Applications Challenger Job Cuts (YoY) (Sep)
(Aug)
ISM Non-Manufacturing PMI
Initial Jobless Claims (Sep 29) FOMC Member Duke Speech
(Sep)
Unemployment Rate (Sep)
GBP Markit Services PMI CHF Industrial Production Japan- BoJ Interest Rate
Global
(Sep) (QoQ) (Q2) Decision
EUR Retail Sales (MoM)
Spain, France Bond Auction
(Aug)
BoE Interest Rate Decision
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The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

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