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WEEKLY COMMODITY REPORT 28TH JANAURY 2013

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ďƒ˜ HEADLINES Gold eases on steady selling; silver recovers Gold prices eased further at the bullion market here today on steady selling from stockists and traders. In contrast, silver recovered smartly following speculative

ďƒ˜ TRADING TIP:

Buy Crude Oil Feb

off-take,

coupled

with

good

industrial

demand.

Standard gold of 99.5 per cent purity moved down by Rs 35 per 10 gram .

Above 5210 TGTS-5260/5330 SL-5180

Select

base

metals

recover

on

industrial

demand, global cues. Select base metals recovered at the non-ferrous metal market here on stockist buying, amidst renewed industrial demand as well as higher London Metal

Sell Nickel Feb

Exchange (LME) cues. Nickel, aluminium utensils scrap and copper utensils scrap climbed by Rs 3 per kg each .

Below 930 TGTS-920/900 SL- 935

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 MCX WEEKLY GOLD CHART

ANALYSIS OPEN: 30599 HIGH: 30847 LOW: 30258 CLOSE: 30331

GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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MCX WEEKLY SILVER CHART

ANALYSIS OPEN: 59460 HIGH: 59974 LOW: 58176 CLOSE: 58250

SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE


 MCX WEEKLY COPPER CHART

ANALYSIS OPEN: 438.50 HIGH: 441.05 LOW: 434.50 CLOSE: 436.60

COPPER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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 MCX WEEKLY CRUDE OIL CHART

ANALYSIS OPEN: 5161 HIGH: 5212 LOW: 5132 CLOSE: 5194

CRUDE OIL LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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 COMEX WEEKLY SILVER CHART

ANALYSIS OPEN: 31.88 HIGH: 32.45 LOW: 31.10 CLOSE: 31.19

COMEX SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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 COMEX WEEKLY GOLD CHART

ANALYSIS OPEN: 1686.83 HIGH: 1695.82 LOW: 1655.71 CLOSE: 1658.93

COMEX GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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weekly-commodity-report BY EPIC RESEARCH 28 JAN 2013  
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