Page 1

COMEX

REPORT

REPORT 15 MARCH 2013 th


NEWS RADAR

8

Gold futures fell on Wednesday, under pressure from a rising U.S. dollar and data showing an uptick in retail sales in the world's largest economy. The most actively traded contract, for April delivery, fell $3.30, or 0.2%, to settle at $1,588.40 a troy ounce on the Comex division of the New York Mercantile Exchange. The U.S. dollar rose on Wednesday, pressuring dollar-denominated gold futures by making them appear more expensive for buyers using other currencies. A string of economic data showing a recovery in the U.S. economy on Wednesday pushed the currency, as measured by the ICE U.S. Dollar Index, to the highest point in seven months. Gold's losses and the dollar's gains came after data showed U.S. retail sales rose by more than expected in February.

But a stabilizing U.S. economy and a debate within the Fed as to when TRADING EXPERT OPINION to throttle back onTIPS its easing have limited investor interest in gold. Through Wednesday, gold was down 5.2% in 2013..  SELL GOLD AROUND 1585 TGS 1579/1573 SL 1591  SELL SILVER AROUND 28.80 TGS 28.60/28.40 SL 29.00  SELL COPPER AROUND

 GOLD LOOKS BEARISH

 SILVER LOOKS BEARISH  CRUDE OIL LOOKS BULLISH 

COPPER LOOKS BEARISH

 NGAS LOOKS BULLISH

3.4940 TGS 3.4740/3.4540

 LEAD LOOKS BEARISH

SL 3.5140

 NICKEL LOOKS BEARISH

 BUY CRUDE AROUND 91.50 TGS 91.70/91.90 SL 91.30

 ALUMINIUM LOOKS BEARSIH  ZINC LOOKS BEARISH


GOLD HOURLY CHART

S1

S2

R1

R2

1578

1572

1590

1594

GOLD LOOKS BEARISH SELL AROUND 1580.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1578.00 LEVEL AND MAINTAINING SL OF 1590.00


SILVER HOURLY CHART

S1

S2

R1

R2

28.50

28.30

28.90

29.10

SILVER LOOKS BEARISH SELL AROUND 29.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.80 LEVEL AND MAINTAINING SL OF 29.20


COPPER HOURLY CHART

S1

S2

R1

R2

3.5050

3.4950

3.5350

3.5450

COPPER LOOKS BEARISH SELL BELOW 3.4940 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4740 LEVEL AND MAINTAINING SL OF 3.5140 0


CRUDE OIL HOURLY CHART

S1 92.05

S2 91.95

R1 92.35

R2 92.45

CRUDE LOOKS BULLISH BUY AROUND 91.50 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 91.70 LEVEL AND MAINTAINING SL OF 91.30


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1592.68

1598.92

1585.39

1587.44

SILVER

29.13

29.27

28.84

28.89

CRUDE

92.53

93.38

91.91

92.46

COPPER

3.5333

3.5493

3.5045

3.5090

NGAS

3.628

3.692

3.622

3.678

ALUMINIUM

1980.63

1992.13

1963.01

1969.26

LEAD

2231.13

2259.88

2226.75

2248.38

NICKEL

17030.00

17151.00

16930.00

16972.00

ECONOMIC CALENDAR DATE

CURRENCY

Mar15

USD

Mar15

USD

FORECAST

PREVIOUS

Core CPI m/m

0.2%

0.3%

Prelim UoM Consumer Sentiment

78.2

77.6


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.

Daily Comex Report by www.epicresearch.co- 15h March 2013  

Gold futures fell on Wednesday, under pressure from a rising U.S. dollar and data showing an uptick in retail sales in the world's largest e...