Weekly Commodity Report BY www.epicresearch.co 18th March 2013

Both the precious metals, gold and silver, fell here today on sustained selling by stockists due to sluggish demand. While gold lost Rs 60 to Rs 29,930 per 10 grams,

indore, India (prHWY.com) March 18, 2013 - HEADLINES
* Gold, silver fall on sustained selling due to sluggish demand..

Both the precious metals, gold and silver, fell here today on sustained selling by stockists due to sluggish demand. While gold lost Rs 60 to Rs 29,930 per 10 grams, silver declined by Rs 15 to Rs 54,750 per kg. Traders said sustained selling by stockists on sluggish demand due to off-marriage and festival season mainly kept pressure on the precious metals.
* LME Copper 3-Month Price Shifts Up, Aluminum Up Too
Rising 1.4 percent to close at $7,807 per metric ton, the copper 3-month price experienced
the biggest change on the LME for March 14, 2013. Also on the LME, the cash price of primary copper inched up 1.3 percent to $7,777 per metric ton. The price of US copper producer grade 122 saw a 0.7 percent decline. The price of US copper producer grade 110 weakened by 0.7 percent as well. The price of US copper producer grade 102 fell 0.7 percent too. The cash price of primary Japanese copper saw little movement..

TRADING TIP:

* Sell Nickel Mar
Around 921
TGTS-905/890
SL- 937
* Sell Silver May
Below 53800
TGTS-53400/53100
SL-54250
* MCX WEEKLY GOLD CHART

OPEN: 29374
HIGH: 29594
LOW: 29260
CLOSE: 29375
* GOLD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MCX WEEKLY SILVER CHART

OPEN: 54980
HIGH: 55199
LOW: 54084
CLOSE: 54194
* SILVER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE

* MCX WEEKLY COPPER CHART

OPEN: 425.70
HIGH: 430.15
LOW: 421.65
CLOSE: 423.85
* COPPER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE




* MCX WEEKLY CRUDE OIL CHART

OPEN: 4994
HIGH: 5077
LOW: 4955
CLOSE: 5062
* CRUDE OIL LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE

* COMEX WEEKLY SILVER CHART

OPEN: 28.98
HIGH: 29.33
LOW: 28.54
* COMEX SILVER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* COMEX WEEKLY GOLD CHART
OPEN: 1579.15
HIGH: 1598.92
LOW: 1575.27
CLOSE: 1591.82
* COMEX GOLD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
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