Comex Report by www.epicresearch.co- 13th March 2013

Gold futures inched higher on Monday in quiet trading on hopes for a pickup in demand as data showed an uptick in Chinese inflation.

ListFree.org (Press Release) - Wednesday, March 13th, 2013

NEWS RADAR
Gold futures inched higher on Monday in quiet trading on hopes for a pickup in demand as data showed an uptick in Chinese inflation.The most actively traded contract, for April delivery, rose $1.10, or 0.1%, to settle at $1,578 a troy ounce on the Comex division of the New York Mercantile Exchange.Since reaching a seven-month low March 1, gold prices have slowly moved higher as some investors who had bet on lower prices cashed out. Futures gained in five of the last six trading days, but the cumulative gain totaled just 0.3%.”We’ve got some bargain hunting, but not much more than that,” said Frank Lesh, a broker with FuturePath Trading.There are signs physical gold buyers, particularly in top importers India and China, saw a bargain in the market’s retreat, analysts with Barclays said in a note. “The physical market continues to respond to the lower prices.”.
TRADING TIP :
 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 3.4940
TGS 3.4740/3.4540
SL 3.5140
 BUY CRUDE
AROUND 91.50
TGS 91.70/91.90
SL 91.30
EXPERT OPINION
• GOLD LOOKS BEARISH
• SILVER LOOKS BEARISH
• CRUDE OIL LOOKS BULLISH
• COPPER LOOKS BEARISH
• NGAS LOOKS BULLISH
• LEAD LOOKS BEARISH
• NICKEL LOOKS BEARISH
• ALUMINIUM LOOKS BEARSIH
• ZINC LOOKS BEARISH
GOLD HOURLY CHART
S1 S2 R1 R2
1576 1570 1588 1594
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
28.70 28.50 29.10 29.30
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
3.5450 3.5250 3.5850 3.6050
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
CRUDE OIL HOURLY CHART
S1 S2 R1 R2
91.50 91.30 92.10 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

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