1. Daily Commodity Report
22nd February 2013
21-Feb-13 Gold Silver Crude MCX GOLD (5 APRIL 13) –
Expiry 05-Apr-13 05-Mar-13 19-Mar-13 Gold opened lower at 29551 and moved further lower to touch an
intra-day low of 29263. However, it managed to move higher to
Open 29,551 53,671 5,161 touch an intra-day high of 29779. It ended the day with moderate
High 29,779 54,284 5,167 gains to close at 29742.
Low 29,263 53,077 5,085 The RSI is still placed below its average, which would lead to
selling pressure. However, the Stochastic has moved above its
Close 29,742 54,112 5,102 average. Moreover, the Stochastic and RSI are still placed in the
over sold zone. These positive conditions would lead to
Prev. Close 29,579 53,720 5,164 intermediate bouts of short covering and buying support at lower
% Change 0.55% 0.73% -1.20% levels. The –DI line and ADX line are placed above the +DI line
and are also placed above the 35 level, indicating sellers have an
Source – MCX upper hand. MCX Gold faces resistance at 30000, 30150, 30475,
and 30916 while the support levels are placed at 29500, 29142 and
Volume (In 000's) 28765.
21-Feb-13 20-Feb-13 % Chg.
MCX SILVER (5 MARCH 13) –
Silver opened lower at 53671 and moved further lower to touch an
Gold (gms) 60,256.0 51,699.0 16.55% intra-day low of 53077. However, it managed to move higher to
Silver (kgs) 3,236.4 3,468.4 -6.69% touch an intra-day high of 54284. It ended the day with moderate
gains to close at 54112.
Crude (bbl) 27,263.3 28,157.4 -3.18%
The RSI is still placed below its average, which would lead to
Source – MCX selling pressure. However, the Stochastic has moved above its
average. Moreover, the Stochastic and RSI are still placed in the
Turnover (In Lacs) over sold zone. These positive conditions would lead to
intermediate bouts of short covering and buying support at lower
21-Feb-13 20-Feb-13 % Chg. levels.. The –DI line and ADX line are placed above the +DI line
and are also placed above the 3o level, but –DI line has come off
Gold 1,779,036.3 1,538,041.6 15.67% its recent highs, indicating sellers are covering their shorts
regularly. MCX Silver faces resistance at 55952, 56372, 56613,
Silver 1,738,420.4 1,881,444.0 -7.60% 57049, 59483 and 61484 while the supports are placed at 53621,
52622 and 51660 levels.
Crude 1,397,380.5 1,471,685.1 -5.05%
MCX CRUDE (19 MARCH 13) –
Source – MCX
Crude opened lower at 5161 but moved higher to touch an intra-
Global Market (Nymex - $) day high of 5167. However, it failed to sustain higher and moved
lower to touch an intra-day low of 5085. It ended the day with
22/02/2013 21/02/2013 % Chg. moderate losses to close the day at 5102.
The RSI and the Stochastic are placed below their respective
Gold (oz) 1,581.60 1,578.70 0.18%
averages, which would lead to intermediate bouts of selling
Silver (oz) 28.78 28.71 0.24% pressure. However, both the RSI and the Stochastic are placed in
the over sold zone, which would lead to short covering at lower
WTI Crude (bbl) 93.21 92.84 0.40% levels. The –DI line and ADX line are placed above the +DI line.
The –DI line is also placed above the 32 level, indicating sellers are
Brent Crude (bbl) 114.07 113.53 0.48%
gaining strength. MCX Crude faces resistance at 51225157, 5250,
Dollar Index 81.30 81.36 -0.07% 5300 and 5401, while the supports are placed and 5085, 5065,
4989 and 4834.
Source – www.cmegroup.com
Sanjay Bhatia (AVP – Technical Research)
Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
NOTE – Stop Losses should be considered strictly on Closing
Basis
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

2. Commodity News:
Jeera exports to touch all-time high
India continues to dominate the global jeera market in the absence of other major producers - Syria and Turkey. India's
jeera exports are expected to show around 30% rise year-on-year. "Exports have already reached around 45,000
tonne. They could end up close to 60,000 tonne by the end of the fiscal year as the new crop has started arriving," said
Shailesh Shah, director of Jabs International, a leading exporter of jeera.
India may raise orthodox tea output this year
Indian tea producers may look at increasing orthodox, or handrolled, tea production in the new season beginning
March, as the payment crisis with Iran - one of the largest buyers of Indian orthodox tea - has been sorted out.
Orthodox tea production is likely to go up by 10 million kg and may touch 80 million kg in the new season.
Gold rises to session highs after US data disappoints
Gold partly recouped the previous session's losses on Thursday, gaining more than one per cent as weaker-than-
expected US data raised concerns over the state of the economic recovery. The Federal Reserve Bank of Philadelphia
said business conditions unexpectedly weakened in February to the lowest since June 2012.
Source: ET
Economic Calendar:
Countries / Friday Monday Tuesday
Regions 22/13 25/13 26/13
India Bank Loan Growth (Feb 3)
FX Reserves, USD (Feb 24)
FOMC Member Powell Dallas Fed Manufacturing
US Consumer Confidence (Feb)
Speech Business Index (Feb)
New Home Sales (MoM)
(Jan)
Housing Price Index (MoM)
(Dec)
European Commission
China HSBC Manufacturing Japan Retail Trade (YoY)
Global Releases Economic Growth
PMI (Feb) (Jan)
Forecasts
China MNI Business UK Nationwide Housing Germany Retail Sales (YoY)
Sentiment Indicator (Feb) Prices n.s.a (YoY) (Feb) (Jan)
Germany Gross Domestic
Product s.a (QoQ) (Q4)
Keynote Capitals Ltd.
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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