Daily Commodity Report by www.epicresearch.co 25th March 2013

Gold fell on as investors took profits a day after the precious metal hit a one-month high, and safe-haven buying dried up as a deal between Greece and Cyprus eased fears of an escalating euro zone debt crisis.

indore, India (prHWY.com) March 25, 2013 - HEADLINE

Gold down as Cyprus fears ease, notches weekly gain.
Gold fell on as investors took profits a day after the precious metal hit a one-month high, and safe-haven buying dried up as a deal between Greece and Cyprus eased fears of an escalating euro zone debt crisis. For the week, bullion gained 1 per cent, its biggest weekly gain in 2 months, with investors seeking refuge in the precious metal for most of the week amid worries about whether Cyprus could secure a bailout from the European Union.
Copper up on consumer buying, Cyprus bank deal
Copper rose on, helped by bargain hunting and consumer buying in China, and as concern over the impact of the potential bankruptcy of Cyprus eased after it agreed with Greece on the takeover of Greek units of Cypriot banks. Copper prices were still heading for the biggest weakly drop in three, however, as bankruptcy in Cyprus remains a real risk. Three-month copper on the London Metal Exchange closed at $7,655 a tonne from $7,580 at the close, reversing losses from the previous session, when it fell half a percent..
TRADING TIP:
 Sell Natural Gas Apr
Below 114.10
TGTS-113/111
SL-115.50
 Buy Crude Oil Apr
Above 5170
TGTS 5200/5240
SL- 5130
ANALYSIS
DAILY MCX GOLD CHART
* OPEN: 29676
* HIGH: 29699
* LOW: 29676
* CLOSE: 29693
* GOLD LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE
DAILY MCX SILVER CHART
OPEN: 54125
HIGH: 54174
LOW: 54125
CLOSE: 54159
* SILVER LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE
*
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