Comex Report by www.epicresearch.co- 18th March 2013

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Indore, India (prHWY.com) March 18, 2013 - Comex Report by www.epicresearch.co- 18th March 2013

NEWS RADAR
Gold futures inched lower on Thursday after the dollar strengthened following the release of better-than-expected US data; however, the dip has been fairly modest indicating that another attempt at $1,600 an ounce might not be far off.Gold for April delivery on the Comex division of the New York Mercantile Exchange was last down $4.30 at $1,584.10 an ounce. Trade has ranged from $1,575.20 to $1,588.50.In data, initial claims for unemployment benefits declined by 10,000 last week to a seasonally adjusted 332,000, hitting a five-year low and easily beating the 352,000 forecast."Once again the better data knocked metals lower as the dollar picked-up, so again we wait to see if they can bounce back. Generally the better data should be good for industrial metals and it could be a headwind for bullion," William Adams of FastMarkets said.

TRADING TIP :
 BUY GOLD
AROUND 1585
TGS 1591/1597
SL 1579
 SELL SILVER
AROUND 28.50
TGS 28.70/28.90
SL 29.10
 SELL COPPER
AROUND 3.5350
TGS 3.5150/3.4950
SL 3.5550
 BUY CRUDE
AROUND 93.35
TGS 93.10/92.20
SL 93.55
EXPERT OPINION
* GOLD LOOKS BULLISH
* SILVER LOOKS BULLISH
* 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
1586 1580 1599 1605
GOLD LOOKS BEARISH SELL AROUND 1585.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1579.00 LEVEL AND MAINTAINING SL OF 1591.00
SILVER HOURLY CHART
S1 S2 R1 R2
28.70 28.50 29.10 29.30
SILVER LOOKS BULLISH SELL AROUND 28.85 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.70 LEVEL AND MAINTAINING SL OF 28.30
COPPER HOURLY CHART
S1 S2 R1 R2
3.5070 3.4870 3.5270 3.5470
COPPER LOOKS BEARISH SELL BELOW 3.5350 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
92.05 91.95 92.35 92.45
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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