Daily Comex Report by www.epicresearch.co- 28th March 2013

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indore, India (prHWY.com) March 28, 2013 - NEWS RADAR
Gold futures languished around $1,600 on Wednesday - the debt drama in Cyprus and strong central bank buying has not proven potent enough to overcome waning market sentiment.Gold for April delivery on the Comex division of the New York Mercantile Exchange was last up $5.60 at $1,602.90 per ounce, which is near the session high."Gold is currently no longer able to profit from the politically-driven financial markets and the resulting uncertainty among market players," Commerzbank AG said in a note.Banks in Cyprus are set to reopen tomorrow -some still fear a liquidity flight after high deposit accounts were raided and the country's second largest bank was ordered to close to secure an EU, IMF, ECB troika rescue."If you're a gold bull you have to have an uncomfortable feeling this morning.
TRADING TIP :
 BUY GOLD
ABOVE 1609
TGS 1615/1623
SL 1603

 BUY SILVER
BELOW 28.80
TGS 29.00/29.20
SL 28.60

 SELL COPPER
BELOW 3.4000
TGS 3.3800/3.3600
SL 3.4200


 SELL CRUDE
AROUND 96.40
TGS 96.00/95.80
SL 96.80

EXPERT OPINION

* GOLD LOOKS BULLISH
* SILVER LOOKS BULLISH
* CRUDE OIL LOOKS BEARISH
* 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
1600 1594 1612 1618

GOLD LOOKS BULLISH BUY AROUND 1609.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1615.00 LEVEL AND MAINTAINING SL OF 1603.00
SILVER HOURLY CHART
S1 S2 R1 R2
28.50 28.30 29.00 29.20
SILVER LOOKS BULLISH BUY AROUND 28.80 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 29.00 LEVEL AND MAINTAINING SL OF 28.60
COPPER HOURLY CHART
S1 S2 R1 R2
3.4000 3.3900 3.4400 3.4600
COPPER LOOKS BEARISH SELL AROUND 3.4000 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.3800 LEVEL AND MAINTAINING SL OF 3.4200
CRUDE OIL HOURLY CHART
S1 S2 R1 R2
96.80 97.00 96.20 96.00
CRUDE LOOKS BEARISH SELL AROUND 96.40 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 96.00 LEVEL AND MAINTAINING SL OF 96.80

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