REPORT 19TH APRIL 2013
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
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
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
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
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
ALUMINIUM 1985.01 LEAD NICKEL
15387.00 15547.50 15272.00 15309.50
ECONOMIC CALENDAR DATE
FOMC Member Stein Speaks
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.
Published on Apr 19, 2013
Comex gold futures prices are posting good gains in early U.S. trading, and have made a strong recovery from solid selling pressure seen dur...