Issuu on Google+

COMEX

REPORT

REPORT 11TH APRIL 2013


NEWS RADAR

8

Gold edged up as Japan's aggressive monetary easing policy boosted bullion's appeal as a hedge against inflation, although gains may be capped as stronger equities lure buyers seeking better returns. Investors are shifting their focus to minutes from the last U.S. Federal Reserve monetary policy meeting for insight on the Fed's bullionfriendly bond buying programme, which sent prices to an 11-month high in October last year. Gold had gained $2.14 an ounce to $1,586.84 after hitting $1,590 on Tuesday, its highest since April 2. It has slipped around 5 percent so far this year, after posting annual gains in the past 12 years.

TRADING TIPS  SELL GOLD BELOW 1555 TGS 1548/1535 SL 1561.40  SELL SILVER BELOW 27.40 TGS 27.10/26.70 SL 27.58  BUY COPPER ABOVE 3.4240

EXPERT OPINION  GOLD LOOKS BEARISH  SILVER LOOKS BEARISH  CRUDE OIL LOOKS BEARISH 

COPPER LOOKS BULLISH

 NGAS LOOKS BULLISH

TGS 3.4500/3.4800 SL

 LEAD LOOKS BULLISH

3.3980

 NICKEL LOOKS BULLISH

 SELL CRUDE BELOW 93.20 TGS 92.50/92.00 SL 93.60

 ALUMINIUM LOOKS BULLISH  ZINC LOOKS BULLISH


GOLD HOURLY CHART

S1

S2

R1

R2

1555.68

1548.78

1565.80

1571.26

GOLD LOOKS BEARISH SELL BELOW 1555.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1540.00 LEVEL AND MAINTAINING SL OF 1562.00


SILVER HOURLY CHART

S1

S2

R1

R2

27.25

27.01

27.75

28.02

SILVER LOOKS BEARISH SELL BELOW 27.40 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 27.00 LEVEL AND MAINTAINING SL OF 27.60


COPPER HOURLY CHART

S1

S2

R1

R2

3.3920

3.3700

3.4220

3.4500

COPPER LOOKS BULLISH BUY ABOVE 3.4240 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4500 LEVEL AND MAINTAINING SL OF 3.4000 0


CRUDE OIL HOURLY CHART

S1 93.40

S2 93.00

R1 94.39

R2 94.90

CRUDE LOOKS BEARISH SELL AROUND 93.20 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 92.40 LEVEL AND MAINTAINING SL OF 94.20


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1585.14

1588.39

1555.41

1559.13

SILVER

27.92

28.00

27.49

27.62

CRUDE

93.96

94.80

93.39

94.54

COPPER

3.4288

3.4395

3.3988

3.4145

NGAS

4.026

4.156

4.021

4.095

1924.51

1898.01

1905.63

2112.63

2084.50

2093.25

ALUMINIUM 1916.88 LEAD

2089.38

NICKEL

16197.50 16337.50 16054.50 16110.00

ECONOMIC CALENDAR DATE

CURRENCY

Apr 11

USD

Unemployment Claims

Apr 11

USD

FOMC Member Bullard Speaks

FORECAST

PREVIOUS

362K

385K


Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.


comex report 11-4-2013