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COMEX

REPORT

REPORT 15 FEBRUARY 2013 tH


NEWS RADAR Gold was little changed on Wednesday after falling to a 1-month low in the previous session, with investors likely to watch currencies for direction, while palladium held near its highest in 17 months as supply concerns sparked speculative buying. Spot gold was steady at $1,650.76 an ounce by 0040 GMT. U.S. gold was at $1,651.40 an ounce, up $1.80. Increased output by Russia could see it surpass the United States as the world's third largest gold miner by 2015, Sergei Kashuba, head of the Russian Gold Industrialists' Union, said on Tuesday. Japan's Nikkei share average edged lower on Wednesday as a pause in the yen's decline triggered profit-taking on stocks that have gained sharply such as exporters.

TRADING TIPS  SELL GOLD BELOW 1645 TGS 1639/1633 SL 1651  SELL SILVER BELOW 30.80 TGS 30.60/30.40 SL 31.00  SELL COPPER BELOW 3.7180

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

COPPER LOOKS BEARISH

 NGAS LOOKS BULLISH

TGS 3.6980/3.6780 SL

 LEAD LOOKS BEARISH

3.7380

 NICKEL LOOKS BEARISH

 SELL CRUDE ABOVE 96.70 TGS 96.30/95.90 SL 97.10

 ALUMINIUM LOOKS BULLISH  ZINC LOOKS BEARISH


GOLD HOURLY CHART

S1

S2

R1

R2

1637

1631

1649

1655

GOLD LOOKS BEARISH SELL AROUND 1645.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1639.00 LEVEL AND MAINTAINING SL OF 1651.25


SILVER HOURLY CHART

S1

S2

R1

R2

30.48

30.18

31.08

31.38

SILVER LOOKS BEARISH SELL AROUND 30.80 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 30.60 LEVEL AND MAINTAINING SL OF 31.00


COPPER HOURLY CHART

S1

S2

R1

R2

3.7045

3.6845

3.7445

3.7645

COPPER LOOKS BEARISH SELL BELOW 3.7180 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.6980 LEVEL AND MAINTAINING SL OF 3.7380 0


CRUDE OIL HOURLY CHART

S1 96.40

S2 96.00

R1 97.20

R2 97.60

CRUDE LOOKS BULLISH BUY AROUND 96.70 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 97.10 LEVEL AND MAINTAINING SL OF 96.30


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1650.86

1653.32

1640.25

1642.37

SILVER

31.09

31.20

30.72

30.76

CRUDE

97.57

98.09

96.62

97.17

COPPER

3.7215

3.7538

3.7183

3.7350

NGAS

3.242

3.318

3.226

3.294

ALUMINIUM

2117.88

2149.51

2117.51

2137.51

LEAD

2420.75

2441.38

2402.63

2410.75

NICKEL

18280.00

18492.00

18280.00

18397.00

ECONOMIC CALENDAR DATE

CURRENCY

FORECAST

PREVIOUS

Feb 15

USD

Retail Sales m/m

0.5%

-0.1%

Feb 15

USD

Prelim UoM Consumer Sentiment

74.8

71.3

Feb 15

ALL

G20 Meetings


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COMEX-REPORT-DAILY BY EPIC RESEARCH 15 FEB 2013