COMEX

tH

REPORT

REPORT
22 FEBRUARY 2013

NEWS RADAR
Gold slumped to a seven-month low Wednesday, extending its earlier losses as details from the Federal Reserve's latest policy meeting outlined more debate about when to curtail the central bank's stimulus program.Gold for April delivery, the most actively traded contract, recently traded down $41.40, or 2.6%, to $1,562.80 a troy ounce in post-settlement electronic trading on the Comex division of the New York Mercantile Exchange.Gold had ended its regular session on Wednesday down $26.20, or 1.6%, at $1,578 a troy ounce, the lowest since July 12.Some Federal Reserve officials expressed concerns about the central bank's easy-money policies at their January gathering, minutes from the gathering released Wednesday showed. Some officials worried that the policies could lead to instability in financial markets, and the Fed plans to evaluate how its programs are doing at its March meeting. mid-year.

TRADING TIPS
SELL GOLD AROUND 1570 TGS 1564/1558 SL 1576 SELL SILVER AROUND 28.60 TGS 28.40/28.20 SL 28.80 SELL COPPER AROUND 3.5600 TGS 3.5400/3.5200 SL 3.5800 SELL CRUDE BELOW 94.80 TGS 94.40/94.00 SL 95.20

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

COPPER LOOKS BEARISH

NGAS LOOKS BULLISH LEAD LOOKS BEARISH NICKEL LOOKS BEARISH ALUMINIUM LOOKS BEARSIH ZINC LOOKS BEARISH

GOLD HOURLY CHART

S1 1563

S2 1555

R1 1575

R2 1581

GOLD LOOKS BULLISH BUY AROUND 1615.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1621.00 LEVEL AND MAINTAINING SL OF 1609.00

SILVER HOURLY CHART

S1 28.20

S2 27.90

R1 28.80

R2 29.10

SILVER LOOKS BULLISH BUY AROUND 30.15 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 30.35 LEVEL AND MAINTAINING SL OF 29.95

COPPER HOURLY CHART

S1 3.5358

S2 3.5158

R1 3.5758

R2 3.5958

COPPER LOOKS BEARISH SELL BELOW 3.6850 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.6650 LEVEL AND MAINTAINING SL OF 3.7050 0

CRUDE OIL HOURLY CHART

S1 94.58

S2 94.38

R1 94.98

R2 95.18

CRUDE LOOKS BEARISH SELL AROUND 95.20 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 94.80 LEVEL AND MAINTAINING SL OF 95.60

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1604.59 29.44 96.66 3.6508 3.268 2112.88 2384.25 17417.50 HIGH 1609.24 29.63 97.06 3.6645 3.308 2127.51 2389.50 17531.50 LOW 1558.36 28.26 93.58 3.5583 3.254 2084.26 2344.25 16964.00 CLOSE 1564.16 28.53 94.78 3.5928 3.266 2103.13 2354.63 17038.00

ECONOMIC CALENDAR
DATE Feb 21 Feb 21 Feb 21 CURRENCY USD USD USD Core CPI m/m Unemployment Claims Existing Home Sales FORECAST 0.2% 353K 4.89M PREVIOUS 0.1% 341K 4.94M

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