Comex Report by www.epicresearch.co- 1st February 2013

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indore, India (prHWY.com) February 1, 2013 - NEWS RADAR

Gold futures climbed sharply higher in the US on Wednesday after a report showed that the country's advance GDP contracted by 0.1 percent in the fourth quarter, the first drop since 2009.Gold for April delivery on the Comex division of the New York Mercantile Exchange was last up $17.80 at $1,680.50 per ounce, which is about $14 higher than before the GDP figure was announced."This number is really shocking - it's a huge disappointment considering the massive stock rally that we've seen over the past couple weeks. I guess it's safe to say that economy isn't quite as strong and the some equity bulls would lead you to believe," a US-based gold trader said.Gold's gains on Tuesday came as "the market grew more optimistic that the Fed would stay the course," Standard Bank analyst Marc Ground said in a note.The most actively traded contract, for February delivery, was recently up $10.30, or 0.6%, at $1,663.20 a troy ounce on the Comex division of the New York Mercantile Exchange.
TRADING TIP :

* SELL GOLD BELOW 1673 TGS
1667/1661 SL 1679
* BUY SILVER ABOVE 32.10
* TGS 32.35/32.60 SL 31.85
* SELL COPPER BELOW 3.7250
* TGS 3.7050/3.6850 SL
3.7450
* SELL CRUDE BELOW 97.30
* TGS 96.90/96.50 SL 97.70


EXPERT OPINION
* GOLD LOOKS BEARISH
* SILVER LOOKS BULLISH
* CRUDE LOOKS BEARISH
* COPPER LOOKS BEARISH
* NGAS LOOKS BEARISH
* LEAD LOOKS BEARISH
* NICKEL LOOKS BEARISH
* ALUMINIUM LOOKS BEARISH
* ZINC LOOKS BEARISH
GOLD HOURLY CHART
GOLD LOOKS BEARISH ,SELL AROUND 1673.00LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 1667.00 LEVEL AND MAINTAINING SL OF 1680.00
SILVER HOURLY CHART

SILVER HOURLY CHART
SILVER LOOKS BULLISH ,SELL AROUND 32.10 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 32.35 LEVEL AND MAINTAINING SL OF 31.85S1 S2 R1 R23.7215 3.7015 3.7615 3.7815COPPER HOURLY

COPPER HOURLY CHART
COPPER LOOKS BEARISH ,SELL AROUND 3.7250LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.7050 LEVEL AND MAINTAINING SL OF 3.7450


CRUDE OIL HOURLY CHART
CRUDE LOOKS BEARISH ,SELL AROUND 97.30LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 96.90 LEVEL AND MAINTAINING SL OF 97.70

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