Daily Comex Report by www.epicresearch.co- 26th March 2013

Comex gold futures ended higher on Friday, as market participants took profits a day after the precious metal hit a one-month high, and safe-haven buying dried up, as a possible deal by Cyprus eased fears of an escalating euro zone debt crisis .

Indore, India (prHWY.com) March 26, 2013 - NEWS RADAR
Comex gold futures ended higher on Friday, as market participants took profits a day after the precious metal hit a one-month high, and safe-haven buying dried up, as a possible deal by Cyprus eased fears of an escalating euro zone debt crisis .Cyprus is scrambling to avoid a meltdown of its banking system and a possible exit from the euro, facing a deadline from the European Union of Monday to raise €5.8 billion to secure a €10 billion ($13 billion) international lifeline. Gold's 12-year bull run has benefited in the last three years from the euro zone crisis. It culminated to a record high of $1,920 an ounce in September 2011 as fears about Greece's debt problems boosted bullion prices while equities plunged. Also underpinning prices was a warning by Fitch Ratings that Britain could lose its AAA rating, citing high government debt levels and weak growth.
TRADING TIP :
 SELL GOLD
BELOW 1599
TGS 1593/1587
SL 1605

 SELL SILVER
BELOW 28.71
TGS 28.51/28.31
SL 28.91

 SELL COPPER
BELOW 3.4385
TGS 3.4185/3.3985
SL 3.4585


 BUY CRUDE
AROUND 94.50
TGS 94.70/94.90
SL 94.30

EXPERT OPINION

* GOLD LOOKS BEARISH
* SILVER LOOKS BEARISH
* CRUDE OIL LOOKS BULLISH
* COPPER LOOKS BEARISH
* NGAS LOOKS BEARISH
* LEAD LOOKS BEARISH
* NICKEL LOOKS BEARISH
* ALUMINIUM LOOKS BEARSIH
* ZINC LOOKS BEARISH

GOLD HOURLY CHART
S1 S2 R1 R2
1596 1590 1608 1614

GOLD LOOKS BULLISH BUY AROUND 1610.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1604.00 LEVEL AND MAINTAINING SL OF 1616.00
SILVER HOURLY CHART
S1 S2 R1 R2
28.50 28.30 29.00 29.20
SILVER LOOKS BULLISH BUY AROUND 29.10 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 29.30 LEVEL AND MAINTAINING SL OF 28.90
COPPER HOURLY CHART
S1 S2 R1 R2
3.4300 3.4100 3.4700 3.4900
COPPER LOOKS BULLISH BUY AROUND 3.4500 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4700 LEVEL AND MAINTAINING SL OF 3.4300
CRUDE OIL HOURLY CHART
S1 S2 R1 R2
94.00 93.80 94.40 94.60
CRUDE LOOKS BULLISH BUY AROUND 93.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 93.20 LEVEL AND MAINTAINING SL OF 92.80

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