Weekly Commodity Report BY www.epicresearch.co 25th March 2013

Gold bulls aren't running the show yet, but they're certainly out of hiding. The gold market saw the largest one-week shift in money-manager positioning in seven months,

indore, India (prHWY.com) March 25, 2013 - HEADLINES
* Gold Bulls Emerge as Futures Reclaim $1,600.

Gold bulls aren't running the show yet, but they're certainly out of hiding. The gold market saw the largest one-week shift in money-manager positioning in seven months, with hedge funds and other fund managers raising their net-bullish bets by 68% in the week through Tuesday, the CFTC says. Some bears were nervous after the market shuffled sideways-to-higher for two weeks, suggesting the early-year selloff may be over..
* Copper gives bearish signal; other commodities not supporting rally
Copper, a leading indicator of the equity markets gave a bearish signal this week breaking below a consolidation pattern that began forming in October 2011. Other leading commodities such as oil, gold, silver andaluminum too have not supported the equity rally for a long time. Generally copper leads the equity markets but not this time. If the economy is expanding one would expect demand for materials like copper, oil and aluminum to rise too. However, that does not seem to be the case with all the three commodities moving in a range, while the equity markets continued to rally. Even gold and silver prices have stayed range bound since September 2011.

TRADING TIP:

* TRADING TIP:
Sell Silver May
Below 53800
TGTS-53300/52600
SL- 54200
* Buy Crude Oil Apr
Above 5168
TGTS-5200/5250
SL-5120
* MCX WEEKLY GOLD CHART

OPEN: 29440
HIGH: 29889
LOW: 29440
CLOSE: 29693

* GOLD LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE

* MCX WEEKLY SILVER CHART

OPEN: 54250
HIGH: 55100
LOW: 53972
CLOSE: 54159
* SILVER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE

* MCX WEEKLY COPPER CHART

OPEN: 423.50
HIGH: 423.50
LOW: 411.85
CLOSE: 419.75
* COPPER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE


* MCX WEEKLY CRUDE OIL CHART

OPEN: 5057
HIGH: 5123
LOW: 4973
CLOSE: 5118
* CRUDE OIL LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: BUY ON DIPS
* COMEX WEEKLY SILVER CHART

* OPEN: 28.81
* HIGH: 29.31
* LOW: 28.52
* CLOSE: 28.71
* COMEX SILVER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* COMEX WEEKLY GOLD CHART
OPEN: 1596.99
HIGH: 1616.70
LOW: 1590.95
CLOSE: 1608.50
* COMEX GOLD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
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Categories: Business

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