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COMEX

REPORT

REPORT 19TH APRIL 2013


8

NEWS RADAR Comex gold futures prices are posting good gains in early U.S. trading, and have made a strong recovery from solid selling pressure seen during Asian trading hours. June Comex gold last traded up $15.80 at $1,398.50 an ounce. Spot gold was last quoted up $21.10 at $1,399.00. May Comex silver last traded up $0.248 at $23.555 an ounce. More short covering and bargain hunting are seen in the gold and silver markets Thursday morning, following recent extreme downside price action. Reports overnight said the big investment fund BlackRock has done some bargain hunting and purchased gold this week. Both gold and crude oil prices were under strong selling pressure in Asian trading, but then posted a solid recovery during European trading hours.

TRADING TIPS  SELL GOLD BELOW 1408 TGS 1395/1380 SL 1417  SELL SILVER BELOW 23.35 TGS 23.10/22.80 SL 23.55  SELL COPPER BELOW 3.1400 TGS 3.1200/3.100 SL 3.1600  BUY CRUDE ABOVE 88.70 TGS 89.20/90.00 SL 88.20

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

COPPER LOOKS BEARISH

 NGAS LOOKS BEARISH  LEAD LOOKS BEARISH  NICKEL LOOKS BEARISH  ALUMINIUM LOOKS BEARISH  ZINC LOOKS BEARISH


GOLD HOURLY CHART

S1

S2

R1

R2

1392

1374

1424

1444

GOLD LOOKS BEARISH SELL BELOW 1408.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1390.00 LEVEL AND MAINTAINING SL OF 1418.00


SILVER HOURLY CHART

S1

S2

R1

R2

23.47

23.20

23.84

24.07

SILVER LOOKS BEARISH SELL BELOW 23.45 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 22.20 LEVEL AND MAINTAINING SL OF 23.70


COPPER HOURLY CHART

S1

S2

R1

R2

3.1905

3.1700

3.2245

3.2451

COPPER LOOKS BULLISH BUY ABOVE 3.1300 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.1100 LEVEL AND MAINTAINING SL OF 3.1500 00


CRUDE OIL HOURLY CHART

S1 87.40

S2 86.00

R1 89.40

R2 90.50

CRUDE LOOKS BEARISH SELL AROUND 88.80 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 89.40 LEVEL AND MAINTAINING SL OF 88.20


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1393.43

1424.82

1387.67

1317.13

SILVER

23.29

23.83

23.11

23.59

CRUDE

88.36

88.52

87.86

88.27

COPPER

3.2005

3.2018

3.1105

3.1523

NGAS

4.404

4.414

4.392

4.410

1923.01

1895.01

1904.88

2028.13

2003.00

2003.38

ALUMINIUM 1985.01 LEAD NICKEL

2033.63

15387.00 15547.50 15272.00 15309.50

ECONOMIC CALENDAR DATE

CURRENCY

FORECAST

Apr 19

USD

FOMC Member Stein Speaks

Apr 19

ALL

G20 Meetings

PREVIOUS


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Daily Comex Report by www.epicresearch.co - 12th April 2013