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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

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