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COMEX

REPORT

REPORT 14 MARCH 2013 th


NEWS RADAR

8

Gold prices ended the U.S. day session with good gains and hit a twoweek high Tuesday. Heavy short covering and bargain hunting mostly related to technical factors were featured. There was also likely a bit of fresh safe-haven demand that crept into the gold market Tuesday. April Comex gold last traded up $14.00 at $1,592.00 an ounce. Spot gold was last quoted up $11.20 at $1,593.50. May Comex silver last traded up $0.327 at $29.18 an ounce. The firmer U.S. dollar index and higher U.S. Treasury prices Tuesday, along with weaker U.S. stock indexes, did suggest investor risk appetite pulled back a bit on the day. The jump in gold prices Tuesday hints the “risk-off” day in the market place attracted some fresh safe-haven investor demand for the yellow metal.

TRADING TIPS  SELL GOLD AROUND 1584 TGS 1578/1572 SL 1590  SELL SILVER AROUND 29.00 TGS 28.80/28.60 SL 29.20  SELL COPPER AROUND

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

COPPER LOOKS BEARISH

 NGAS LOOKS BULLISH

3.4940 TGS 3.4740/3.4540

 LEAD LOOKS BEARISH

SL 3.5140

 NICKEL LOOKS BEARISH

 BUY CRUDE AROUND 91.50 TGS 91.70/91.90 SL 91.30

 ALUMINIUM LOOKS BEARSIH  ZINC LOOKS BEARISH


GOLD HOURLY CHART

S1

S2

R1

R2

1584

1574

1596

1602

GOLD LOOKS BEARISH SELL AROUND 1584.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1578.00 LEVEL AND MAINTAINING SL OF 1590.00


SILVER HOURLY CHART

S1

S2

R1

R2

28.80

28.60

29.20

29.40

SILVER LOOKS BEARISH SELL AROUND 29.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.80 LEVEL AND MAINTAINING SL OF 29.20


COPPER HOURLY CHART

S1

S2

R1

R2

3.5050

3.4850

3.5450

3.5650

COPPER LOOKS BEARISH SELL BELOW 3.4940 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4740 LEVEL AND MAINTAINING SL OF 3.5140 0


CRUDE OIL HOURLY CHART

S1 91.50

S2 91.30

R1 92.10

R2 92.30

CRUDE LOOKS BULLISH BUY AROUND 91.50 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 91.70 LEVEL AND MAINTAINING SL OF 91.30


MARKET STATISTICS OPEN

HIGH

LOW

CLOSE

GOLD

1581.40

1598.16

1579.78

1592.64

SILVER

28.96

29.33

28.87

29.12

CRUDE

91.85

93.44

91.59

92.59

COPPER

3.5023

3.5568

3.4818

3.5325

NGAS

3.641

3.671

3.609

3.629

ALUMINIUM

1960.13

1985.26

1948.01

1980.76

LEAD

2203.38

2240.25

2192.13

2226.38

NICKEL

16845.00

17080.50

16740.00

17006.50

ECONOMIC CALENDAR DATE

CURRENCY

Mar14

USD

Mar14

USD

FORECAST

PREVIOUS

PPI m/m

0.7%

0.2%

Unemployment Claims

352K

340K


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Daily Comex Report by www.epicresearch.co- 14th March 2013