Comex Report by www.epicresearch.co- 12th march February 2013

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indore, India (prHWY.com) March 12, 2013 - NEWS RADAR
Comex gold futures rebounded higher on Friday, on short-covering and physical buying interest emerging at lower levels.Investors pulled $5.6 billion from gold exchange-traded products (ETPs) in February after poor performance by the yellow metal.Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, fell 1.805 tonnes to 1,243.05 tonnes on March 7.On Friday, the Labour Department said the US economy added 2,36,000 jobs in February, well above economists' expectations for a rise of 1,60,000.The unemployment rate fell to 7.7 per cent, from 7.9 per cent.The US central bank has said it would keep interest rates low until the rate falls to 6.5 per cent. Comex gold futures are moving in line with our expectations. As mentioned in the previous update, prices are inclined to test supports near $1,535-40 range or even lower to $1,525.

TRADING TIP :
 SELL GOLD AROUND 1580
TGS 1574/1568 SL 1586
 SELL SILVER AROUND 28.90
TGS 28.70/28.50 SL 29.10
 SELL COPPER AROUND
3.4800 TGS 3.4600/3.4400
SL 3.5000
 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
1572 1566 1586 1592
GOLD LOOKS BEARISH SELL AROUND 1580.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1574.00 LEVEL AND MAINTAINING SL OF 1586.00
SILVER HOURLY CHART
S1 S2 R1 R2
28.70 28.50 29.10 29.30
SILVER LOOKS BEARISH SELL AROUND 28.90 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.70 LEVEL AND MAINTAINING SL OF 29.10

COPPER HOURLY CHART
S1 S2 R1 R2
3.4450 3.4250 3.4850 3.5050
COPPER LOOKS BEARISH SELL BELOW 3.4800 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4600 LEVEL AND MAINTAINING SL OF 3.5000
CRUDE OIL HOURLY CHART
S1 S2 R1 R2
91.30 91.10 91.70 92.10
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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