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COMEX

REPORT

REPORT 13 FEBRUARY 2013 tH


NEWS RADAR Gold slipped to a one-month low on Monday on worries that physical buying would slacken amid this week's holidays in major Asian markets. The most actively traded contract, for April delivery, was recently down $16.90, or 1%, at $1,650 a troy ounce on the Comex division of the New York Mercantile Exchange. Futures fell as low as $1,644.10 a troy ounce, the lowest intraday price since Jan. 7 Many Asian markets were closed on Monday for holidays, with major gold trading hubs in Hong Kong, Singapore and Tokyo quiet. Chinese markets will remain closed through the week for festivities related to the lunar new year, which "could limit physical buying interest," Kitco Metals analyst Jim Wyckoff said in a note.China is the No. 2 consumer of the metal, behind India.

Selling in the futures market accelerated early Monday, as prices TRADING TIPS EXPERT OPINION dipped further below a closely watched indicator of market momentum. The market's moving average,  SELL GOLD BELOW 1651 retreat below the  200-day GOLD LOOKS BEARISH whichTGS stood aroundSL$1,670, caused some  traders bet that prices 1645/1639 1657 SILVERto LOOKS BEARISH were pointed lower.  SELL SILVER BELOW 31.05  CRUDE OIL LOOKS BULLISH TGS 30.85/30.65 SL 31.25

COPPER LOOKS BULLISH

 BUY COPPER BELOW

 NGAS LOOKS BEARISH

 BUY CRUDE BELOW 97.45

 ALUMINIUM LOOKS BEARISH

Autotic sell orders were triggered at the opening of Comex floor  LEAD LOOKS BEARISH 3.7300 TGS 3.7500/3.7800 trading, and gold futures shed about $10 an ounce in a minute before SL 3.7600  NICKEL LOOKS BULLISH cutting losses. TGS 97.85/98.25 SL 97.05

 ZINC LOOKS BEARISH


GOLD HOURLY CHART

S1

S2

R1

R2

1640

1634

1652

1658

GOLD LOOKS BEARISH SELL AROUND 1651.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1645.00 LEVEL AND MAINTAINING SL OF 1657.00


SILVER HOURLY CHART

S1

S2

R1

R2

30.50

30.20

31.10

31.40

SILVER LOOKS BEARISH SELL AROUND 31.05 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 30.85 LEVEL AND MAINTAINING SL OF 31.25


COPPER HOURLY CHART

S1

S2

R1

R2

3.7080

3.6980

3.7480

3.7680

COPPER LOOKS BULLISH BUY AROUND 3.7300 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.7500 LEVEL AND MAINTAINING SL OF 3.7100 0


CRUDE OIL HOURLY CHART

S1 96.80

S2 96.40

R1 97.60

R2 98.00

CRUDE LOOKS BULLISH BUY AROUND 97.45 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 97.85 LEVEL AND MAINTAINING SL OF 97.05


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1667.07

1669.35

1643.48

1649.28

SILVER

31.43

31.51

30.80

30.98

CRUDE

95.77

97.07

94.96

96.98

COPPER

3.7535

3.7610

3.7023

3.7183

NGAS

3.255

3.290

3.203

3.276

ALUMINIUM

2122.63

2125.13

2096.26

2101.76

LEAD

2424.75

2431.25

2385.75

2387.38

NICKEL

18325.00

18371.50

18154.50

18194.50

ECONOMIC CALENDAR

DATE

CURRENCY

FORECAST

PREVIOUS

Feb 13

GBP

BOE Inflation Report

Feb 13

USD

Core Retail Sales m/m

0.1%

0.3%

Feb 13

USD

Retail Sales m/m

0.1%

0.5%


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COMEX-REPORT-DAILY BY EPIC RESEARCH 13.02.13  
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