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COMEX

REPORT

REPORT 27 FEBRUARY 2013 tH


NEWS RADAR Comex gold futures rebounded 1% Monday, lifting other precious metals higher, as buyers stepped back in to the market after Friday's seven-month low.The most actively traded contract, for April delivery, was recently trading up $15.30, or 1%, at $1,588.10 a troy ounce on the Comex division of the New York Mercantile Exchange.Gold prices slumped to their lowest level since July on Friday, as some investors worried that the Federal Reserve may roll back some of its easy money policies. Other traders sold gold in favor of chasing stronger returns in equity markets, which have been near record highs in recent weeks.Gold's declines were partially reversed Monday, as the lower prices drew in investors looking to buy gold at the cheaper levels."No doubt strengthening physical demand for gold from Asian buyers is providing some support for the yellow metal," said Marc Ground.

TRADING TIPS  SELL GOLD AROUND 1587 TGS 1581/1575 SL 1593  SELL SILVER AROUND 28.75 TGS 28.45/28.15 SL 29.05  SELL COPPER AROUND

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

COPPER LOOKS BEARISH

 NGAS LOOKS BEARISH

3.5200 TGS 3.5000/3.4800

 LEAD LOOKS BEARISH

SL 3.5400

 NICKEL LOOKS BEARISH

 SELL CRUDE BELOW 92.85 TGS 92.45/92.05 SL 93.25

 ALUMINIUM LOOKS BEARSIH  ZINC LOOKS BEARISH


GOLD HOURLY CHART

S1

S2

R1

R2

1585

1579

1597

1603

GOLD LOOKS BEARISH SELL AROUND 1587.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1581.00 LEVEL AND MAINTAINING SL OF 1593.50


SILVER HOURLY CHART

S1

S2

R1

R2

28.60

28.40

29.00

29.20

SILVER LOOKS BEARISH SELL AROUND 28.75 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.55 LEVEL AND MAINTAINING SL OF 28.95


COPPER HOURLY CHART

S1

S2

R1

R2

3.5000

3.4800

3.5400

3.5600

COPPER LOOKS BEARISH SELL BELOW 3.5200 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.5000 LEVEL AND MAINTAINING SL OF 3.5400 0


CRUDE OIL HOURLY CHART

S1 94.10

S2 93.70

R1 94.80

R2 95.20

CRUDE LOOKS BEARISH SELL AROUND 92.85 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 92.45 LEVEL AND MAINTAINING SL OF 93.25


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1581.05

1596.70

1575.02

1593.72

SILVER

28.72

29.23

28.55

29.00

CRUDE

96.66

97.06

93.58

94.78

COPPER

3.5375

3.5703

3.5183

3.5235

NGAS

3.315

3.420

3.315

3.408

ALUMINIUM

2045.76

2054.01

2027.76

2033.13

LEAD

2304.25

2317.13

2289.00

2294.75

NICKEL

16912.50

16973.50

16680.50

16698.00

ECONOMIC CALENDAR DATE

CURRENCY

Feb 26

USD

Core Durable Goods Orders m/m

Feb 26

USD

Fed Chairman Bernanke Testifies

Feb 26

USD

Pending Home Sales m/m

FORECAST

PREVIOUS

0.3%

1.0%

1.7%

-4.3%


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COMEX-REPORT-DAILY BY EPIC RESEARCH 27 FEB 2013