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COMEX

REPORT

REPORT 29TH APRIL 2013


NEWS RADAR

8

Comex gold futures prices are modestly higher and hit another twoweek high in early U.S. trading. The bulls are having a very good week as gold is poised to close at a technically bullish weekly high close on Friday. June Comex gold last traded up $3.40 at $1,465.40 an ounce. Spot gold was last quoted down $1.50 at $1,467.25. July Comex silver last traded down $0.172 at $23.01 an ounce. The market place is awaiting the latest reading on the growth rate of the U.S. economy, due out morning. The first-quarter advance gross domestic product estimate is seen coming in at a 3.2% annual growth rate, which follows a paltry 0.4% growth rate in the fourth quarter of last year. The GDP data could be a markets-mover in the immediate aftermath of its release, if the figure does not meet market expectations.

TRADING TIPS  SELL GOLD BELOW 1440 TGS 1420/1400 SL 1450  SELL SILVER BELOW 23.60 TGS 23.20/23.00 SL 23.80  SELL COPPER BELOW 3.1560

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

COPPER LOOKS BEARISH

 NGAS LOOKS BEARISH

TGS 3.1400/3.1200 SL

 LEAD LOOKS BEARISH

3.1700

 NICKEL LOOKS BEARISH

 BUY CRUDE ABOVE 94.00 TGS 95.00/96.50 SL 92.80

 ALUMINIUM LOOKS BEARISH  ZINC LOOKS BEARISH


GOLD HOURLY CHART

S1

S2

R1

R2

1442

1428

1462

1479

GOLD LOOKS BEARISH SELL BELOW 1440.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1420.00 LEVEL AND MAINTAINING SL OF 1450.00


SILVER HOURLY CHART

S1

S2

R1

R2

23.50

23.20

24.10

24.40

SILVER LOOKS BEARISH SELL BELOW 22.88 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 22.60 LEVEL AND MAINTAINING SL OF 23.10


COPPER HOURLY CHART

S1

S2

R1

R2

3.1400

3.1240

3.1880

3.2059

COPPER LOOKS BEARISH SELL BELOW 3.1550 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.1400 LEVEL AND MAINTAINING SL OF 3.1650 00


CRUDE OIL HOURLY CHART

S1 91.30

S2 90.10

R1 94.00

R2 95.20

CRUDE LOOKS BEARISH BUY AROUND 94.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 95.00 LEVEL AND MAINTAINING SL OF 93.00


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1467.58

1485.09

1447.93

1456.89

SILVER

24.37

24.81

23.62

23.88

CRUDE

93.22

93.55

92.06

92.90

COPPER

3.2510

3.2828

3.1568

3.1568

NGAS

4.156

4.205

4.056

4.205

1944.88

1871.13

1874.13

2074.00

2023.25

2030.50

ALUMINIUM 1939.26 LEAD NICKEL

2074.00

15445.00 15525.50 15178.00 15195.50

ECONOMIC CALENDAR DATE

CURRENCY

Apr 29

USD

PENDING HOME SALES M/M

FORECAST

PREVIOUS

1.1%

-0.4%


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