Daily Commodity Report by www.epicresearch.co -- 28th February 2013

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indore, India (prHWY.com) February 28, 2013 - HEADLINE

Gold set to dip further as investment demand falls.
Gold fell in London on after four sessions of gains, heading for the longest run of monthly losses since 1997, as mounting confidence that economies are recovering curbed demand for a protection of wealth. Gold is set to drop for a fifth month and holdings in exchange-traded products (ETP) backed by the metal are sliding on signs of global economic growth is improving and as some Federal Reserve policy makers advocated more flexibility in stimulus. Global equities reached a fouryear high on February 20.
Base metals up on global cues.
Base metal prices recovered by Rs 2 per kg on the local non-ferrous metal market on revival of buying by stockists amid a firm global trend. Traders said revival of buying by stockists to meet demand from consuming industries amid a firm global trend mainly led to rise in base metal prices. In the national capital, copper mixed scrap, lead ingot and lead imported were up by Rs 2 each to Rs 443, Rs 147 and Rs 145 per kg, respectively

TRADING TIP:
Sell Zinc Feb
* Below 111.70
* TGTS-110.90/110
* SL-112.20

Buy Copper Feb
* Above 421
* TGTS 418/414
* SL- 423


ANALYSIS
DAILY MCX GOLD CHART
OPEN: 30030
HIGH: 30030
LOW: 29716
CLOSE: 29743

* GOLD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
DAILY MCX SILVER CHART
OPEN: 54500
HIGH: 54500
LOW: 53680
CLOSE: 53786

* SILVER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips ,mcx gold tips
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. Share Tips We provide services in equity, commodity and Forex market.
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