COMEX

TH

REPORT

REPORT
26 MARCH 2013

NEWS RADAR
Comex gold futures ended higher on Friday, as market participants took profits a day after the precious metal hit a one-month high, and safehaven buying dried up, as a possible deal by Cyprus eased fears of an escalating euro zone debt crisis .Cyprus is scrambling to avoid a meltdown of its banking system and a possible exit from the euro, facing a deadline from the European Union of Monday to raise 5.8 billion to secure a 10 billion ($13 billion) international lifeline. Golds 12-year bull run has benefited in the last three years from the euro zone crisis. It culminated to a record high of $1,920 an ounce in September 2011 as fears about Greeces debt problems boosted bullion prices while equities plunged. Also underpinning prices was a warning by Fitch Ratings that Britain could lose its AAA rating, citing high government debt levels and weak growth.

TRADING TIPS
SELL GOLD BELOW 1599 TGS 1593/1587 SL 1605 SELL SILVER BELOW 28.71 TGS 28.51/28.31 SL 28.91 SELL COPPER BELOW 3.4385 TGS 3.4185/3.3985 SL 3.4585 BUY CRUDE AROUND 94.50 TGS 94.70/94.90 SL 94.30

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

COPPER LOOKS BEARISH

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

GOLD HOURLY CHART

S1 1596

S2 1590

R1 1608

R2 1614

GOLD LOOKS BULLISH BUY AROUND 1610.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1604.00 LEVEL AND MAINTAINING SL OF 1616.00

SILVER HOURLY CHART

S1 28.50

S2 28.30

R1 29.00

R2 29.20

SILVER LOOKS BULLISH BUY AROUND 29.10 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 29.30 LEVEL AND MAINTAINING SL OF 28.90

COPPER HOURLY CHART

S1 3.4300

S2 3.4100

R1 3.4700

R2 3.4900

COPPER LOOKS BULLISH BUY AROUND 3.4500 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4700 LEVEL AND MAINTAINING SL OF 3.4300 0

CRUDE OIL HOURLY CHART

S1 94.00

S2 93.80

R1 94.40

R2 94.60

CRUDE LOOKS BULLISH BUY AROUND 93.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 93.20 LEVEL AND MAINTAINING SL OF 92.80

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1615.07 29.15 92.40 3.4308 3.954 1927.01 2175.63 16832.00 HIGH 1615.88 29.17 93.92 3.4645 4.030 1948.88 2196.88 17203.50 LOW 1603.34 28.52 92.31 3.4190 3.936 1913.76 2159.50 16778.50 CLOSE 1608.50 28.71 93.84 3.4573 3.957 1948.38 2195.25 17112.00

ECONOMIC CALENDAR
DATE Mar 26 Mar 26 CURRENCY USD USD FORECAST 69.3 426K PREVIOUS 69.6 437K

CB Consumer Confidence New Home Sales

Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.