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COMEX

REPORT

REPORT 8TH APRIL 2013


NEWS RADAR

8

Gold futures bounced after the release of a US nonfarm payrolls report that showed only tepid job growth in March and highlighted the fragility of the economic recovery. Gold for June delivery on the Comex division of the New York Mercantile Exchange was last up $13.10 at $1,565.50 an ounce, while hitting a session high of $1,576.00 seconds after the US data was released. Nonfarm payrolls added just 88,000 jobs last month, missing the 198,000 forecast by a country mile; however, the prior two months were revised upward by a combined 61,000 jobs to 148,000 in January and 268,000 in February. The unemployment rate actually fell to 7.6 percent from 7.7 percent the prior month as labour force participation declined by 496,000, or 0.2 percentage points, to 63.3 percent, which marks the lowest level since May 1979.

TRADING TIPS  BUY GOLD ABOVE 1581 TGS 1587/1595 SL 1575  BUY SILVER ABOVE 27.35 TGS 27.55/27.80 SL 27.15  SELL COPPER BELOW 3.3350

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

COPPER LOOKS BEARISH

 NGAS LOOKS BULLISH

TGS 3.3200/3.300 SL

 LEAD LOOKS BEARISH

3.3500

 NICKEL LOOKS BEARISH

 BUY CRUDE ABOVE 93.30 TGS 93.70/94.50 SL 93.00

 ALUMINIUM LOOKS BEARSIH  ZINC LOOKS BEARISH


GOLD HOURLY CHART

S1

S2

R1

R2

1574.68

1568.78

1580.80

1586.26

GOLD LOOKS BULLISH BUY ABOVE 1582.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1590.00 LEVEL AND MAINTAINING SL OF 1575.00


SILVER HOURLY CHART

S1

S2

R1

R2

27.19

27.00

27.33

27.45

SILVER LOOKS BULLISH BUY ABOVE 27.35 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 27.60 LEVEL AND MAINTAINING SL OF 27.10


COPPER HOURLY CHART

S1

S2

R1

R2

3.3305

3.3150

3.3447

3.3626

COPPER LOOKS BEARISH SELL BELOW 3.3300 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.3100 LEVEL AND MAINTAINING SL OF 3.3450 0


CRUDE OIL HOURLY CHART

S1 92.40

S2 91.80

R1 93.30

R2 99.92

CRUDE LOOKS BEARISH SELL AROUND 93.40 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 94.40 LEVEL AND MAINTAINING SL OF 92.50


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1553.35

1580.78

1549.15

1579.36

SILVER

26.89

27.33

26.77

27.27

CRUDE

94.33

93.54

91.92

93.01

COPPER

3.3438

3.3625

3.3233

3.3375

NGAS

3.942

4.129

3.925

4.121

1892.07

1866.76

1887.13

2085.75

2044.88

2046.38

ALUMINIUM 1888.13 LEAD

2085.75

NICKEL

16120.00 16230.50 15962.50 16024.00

ECONOMIC CALENDAR DATE

CURRENCY

Apr 8

JPY

Apr 8

EUR

FORECAST

PREVIOUS

Current Account

0.46 T

0.36 T

German Industrial Production m/m

0.4%

0.0%


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Daily Comex Report by www.epicresearch.co - 8th April 2013  

Gold futures bounced after the release of a US nonfarm payrolls report that showed only tepid job growth in March and highlighted the fragil...

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