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COMEX

REPORT

REPORT 26 MARCH 2013 TH


NEWS RADAR

8

Comex gold futures ended higher on Friday, as market participants took profits a day after the precious metal hit a one-month high, and safehaven buying dried up, as a possible deal by Cyprus eased fears of an escalating euro zone debt crisis .Cyprus is scrambling to avoid a meltdown of its banking system and a possible exit from the euro, facing a deadline from the European Union of Monday to raise €5.8 billion to secure a €10 billion ($13 billion) international lifeline. Gold’s 12-year bull run has benefited in the last three years from the euro zone crisis. It culminated to a record high of $1,920 an ounce in September 2011 as fears about Greece’s debt problems boosted bullion prices while equities plunged. Also underpinning prices was a warning by Fitch Ratings that Britain could lose its AAA rating, citing high government debt levels and weak growth.

TRADING TIPS  SELL GOLD BELOW 1599 TGS 1593/1587 SL 1605  SELL SILVER BELOW 28.71 TGS 28.51/28.31 SL 28.91  SELL COPPER BELOW 3.4385

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

COPPER LOOKS BEARISH

 NGAS LOOKS BEARISH

TGS 3.4185/3.3985 SL

 LEAD LOOKS BEARISH

3.4585

 NICKEL LOOKS BEARISH

 BUY CRUDE AROUND 94.50 TGS 94.70/94.90 SL 94.30

 ALUMINIUM LOOKS BEARSIH  ZINC LOOKS BEARISH


GOLD HOURLY CHART

S1

S2

R1

R2

1596

1590

1608

1614

GOLD LOOKS BULLISH BUY AROUND 1610.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1604.00 LEVEL AND MAINTAINING SL OF 1616.00


SILVER HOURLY CHART

S1

S2

R1

R2

28.50

28.30

29.00

29.20

SILVER LOOKS BULLISH BUY AROUND 29.10 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 29.30 LEVEL AND MAINTAINING SL OF 28.90


COPPER HOURLY CHART

S1

S2

R1

R2

3.4300

3.4100

3.4700

3.4900

COPPER LOOKS BULLISH BUY AROUND 3.4500 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4700 LEVEL AND MAINTAINING SL OF 3.4300 0


CRUDE OIL HOURLY CHART

S1 94.00

S2 93.80

R1 94.40

R2 94.60

CRUDE LOOKS BULLISH BUY AROUND 93.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 93.20 LEVEL AND MAINTAINING SL OF 92.80


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1615.07

1615.88

1603.34

1608.50

SILVER

29.15

29.17

28.52

28.71

CRUDE

92.40

93.92

92.31

93.84

COPPER

3.4308

3.4645

3.4190

3.4573

NGAS

3.954

4.030

3.936

3.957

ALUMINIUM

1927.01

1948.88

1913.76

1948.38

LEAD

2175.63

2196.88

2159.50

2195.25

NICKEL

16832.00

17203.50

16778.50

17112.00

ECONOMIC CALENDAR DATE

CURRENCY

Mar 26

USD

Mar 26

USD

FORECAST

PREVIOUS

CB Consumer Confidence

69.3

69.6

New Home Sales

426K

437K


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COMEX-REPORT-DAILY BY EPIC RESEARCH 26.03.13  

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