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

Gold prices ended the U.S. day session with good gains and hit a two-week high Tuesday. Heavy short covering and bargain hunting mostly related to technical factors were featured.

ListFree.org (Press Release) - Thursday, March 14th, 2013

NEWS RADAR
Gold prices ended the U.S. day session with good gains and hit a two-week 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 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
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 29.250 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
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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