keynote commodity daily report for 060313

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6th March 2013

05-Mar-13 Gold Silver Crude

Expiry 5-Apr-13 4-May-13 19-Mar-13

Open 29,649 54,905 4,955

High 29,753 55,435 4,990

Low 29,556 54,665 4,955

Close 29,569 54,713 4,977

Prev. Close 29,668 54,820 4,951

% Change -0.33% -0.20% 0.53%

Source – MCX

Volume (In 000's)

5-Mar-13 4-Mar-13 % Chg.

Gold (gms) 39,094.0 27,980.0 39.72%

Silver (kgs) 1,807.7 1,356.5 33.25%

Crude (bbl) 13,906.8 19,035.6 -26.94%

Source – MCX

Turnover (In Lacs)

5-Mar-13 4-Mar-13 % Chg.

Gold 1,159,056.9 830,344.2 39.59%

Silver 995,257.9 743,887.7 33.79%

Crude 691,570.4 948,145.8 -27.06%

Source – MCX

Global Market (Nymex - $)

04/03/2013 02/02/2013 % Chg.

Gold (oz) 1,577.90 1,574.90 0.19%

Silver (oz) 28.76 28.61 0.52%

WTI Crude (bbl) 91.07 90.82 0.28%

Brent Crude (bbl) 111.98 111.59 0.35%

Dollar Index 81.95 82.07 -0.15%

Source – www.cmegroup.com

MCX GOLD (5 APRIL 13) – Gold opened lower at 29649. It managed to move higher and touched an intra-day high of 29753. However, it failed to sustain higher and moved lower to touch an intra-day low of 29556. It ended the day with modest losses to close at 29569.

The RSI and the Stochastic are placed above their respective averages, which would lead to buying support. The –DI line and ADX line are placed above the +DI line and above the 30 level, indicating sellers have an upper hand but it has also come off its recent highs, indicating sellers are also covering their shorts regularly. MCX Gold faces resistance at 30000, 30150, 30475, and 30916 while the support levels are placed at 29500, 29142 and 28765. MCX SILVER (4 MAY 13) – Silver opened higher at 54905 and moved further higher to touch an intra-day high of 55435. However, it failed to sustain higher and moved lower to touch an intra-day low of 54665. It ended the day with modest losses to close at 54713.

The RSI and the Stochastic are placed above their respective averages, which would lead to buying support. . The –DI line and ADX line are placed above the +DI line and above the 31 level, indicating sellers have an upper hand but it has also come off its recent highs, indicating sellers are also covering their shorts regularly. MCX Silver faces resistance at 55952, 56372, and 56613 while the supports are placed at 53621, 52622, 51660, 51201 and 50218 levels.

MCX CRUDE (19 MARCH 13) – Crude opened higher at 4955 Incidentally, this was the lowest price recorded for the day. However, it managed to move higher and touched an intra-day high of 4990. It ended the day with moderate gains to close the day at 4977.

The RSI and the Stochastic are placed below their respective averages, which would lead to selling pressure. The –DI line and ADX line are placed above the +DI line and above the 32 level, indicating sellers have an upper hand but it has also come off its recent highs, indicating sellers are also covering their shorts regularly. MCX Crude faces resistance at 4989, 5065, 5085, 5122 and 5157, while the supports are placed at 4834 and 4776, 4652 and 4593.

Sanjay Bhatia (AVP – Technical Research) Email [email protected] Yahoo Id: [email protected]

NOTE – Stop Losses should be considered strictly on Closing Basis

Daily Commodity Report



Commodity News: Oil soars to $111 as China growth hope spurs buying

Oil rose towards $111 per barrel on Tuesday, bucking a five-day losing streak after China's vow to deliver strong economic growth sparked fresh buying. Gains were limited, however, as investors eyed a raft of medium-term concerns, including rising supplies, a fiscal crisis in the US and the deepening downturn in the euro zone. Brent crude futures rose 66 cents to $110.75 per barrel at 1022 GMT, while US crude added 31 cents to $90.43.

Gold snaps 4-day decline on expectations of easy money

Gold firmed on Tuesday to snap four sessions of decline, with investors expecting major central banks to stick to loose monetary policy at meetings later this week, supporting bullion's appeal as a hedge against inflation.

Copper futures rise on global cues, spot demand

Buoyed by a firm global trend and increased domestic demand, copper prices rose marginally by 0.10% to Rs 435.35 per kg in futures trade today.

Source: ET

Economic Calendar:

Countries / Wednesday Thursday Friday

Regions 06/13 07/13 08/13

India M3 Money Supply (Mar 3) Bank Loan Growth (Feb 17)

FX Reserves, USD (Feb 24)

US Factory Orders (MoM) (Jan) Bank Stress Test Info Unemployment Rate (Feb)

ADP Employment Change (Feb)

Unit Labor Costs (Q4) Average Hourly Earnings

(YoY) (Feb)

Consumer Credit Change (Jan)

Global European Monetary Union Gross Domestic Product s.a. (YoY) (Q4)Preliminar

European Monetary Union ECB Interest Rate Decision

(Mar 7) China Trade Balance (Feb)

UK BoE's Governor King Speech

European Monetary Union ECB Monetary policy statement and press

conference

Germany Industrial Production s.a. w.d.a. (YoY)

(Jan)

Japan Bank of Japan Monthly Economic Survey



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keynote commodity daily report for 060313

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