Comex Report by www.epicresearch.co- 13th February 2013
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Gold slipped to a one-month low on Monday on worries that physical buying would slacken amid this week's holidays in major Asian markets.The most actively traded contract, for April delivery, was recently down $16.90, or 1%, at $1,650 a troy ounce on the Comex division of the New York Mercantile Exchange. Futures fell as low as $1,644.10 a troy ounce, the lowest intraday price since Jan. 7Many Asian markets were closed on Monday for holidays, with major gold trading hubs in Hong Kong, Singapore and Tokyo quiet. Chinese markets will remain closed through the week for festivities related to the lunar new year, which "could limit physical buying interest," Kitco Metals analyst Jim Wyckoff said in a note.China is the No. 2 consumer
of the metal, behind India.
TRADING TIP :
 SELL GOLD BELOW 1651
TGS 1645/1639 SL 1657
 SELL SILVER BELOW 31.05
TGS 30.85/30.65 SL 31.25
 BUY COPPER BELOW
3.7300 TGS 3.7500/3.7800SL 3.7600
 BUY CRUDE BELOW 97.45
TGS 97.85/98.25 SL 97.05
EXPERT OPINION
* GOLD LOOKS BEARISH
* SILVER LOOKS BEARISH
* CRUDE OIL LOOKS BULLISH
* COPPER LOOKS BULLISH
* NGAS LOOKS BEARISH
* LEAD LOOKS BEARISH
* NICKEL LOOKS BEARISH
* ALUMINIUM LOOKS BULLISH
* ZINC LOOKS BULLISH
GOLD HOURLY CHART
S1 S2 R1 R2
1640 1634 1652 1658
GOLD LOOKS BEARISH SELL AROUND 1651.00LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1645.00 LEVEL AND MAINTAINING SL OF 1657.00
SILVER HOURLY CHART
S1 S2 R1 R2
30.50 30.20 31.10 31.40
SILVER LOOKS BEARISH SELL AROUND 31.05 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 30.85 LEVEL AND MAINTAINING SL OF 31.25
COPPER HOURLY CHART
S1 S2 R1 R2
3.7080 3.6980 3.7480 3.7680
COPPER LOOKS BULLISH BUY AROUND 3.7300LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 3.7500 LEVEL AND MAINTAINING SL OF 3.7100
CRUDE OIL HOURLY CHART
S1 S2 R1 R2
96.80 96.40 97.60 98.00
CRUDE LOOKS BULLISH BUY AROUND 97.45 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 97.85 LEVEL AND MAINTAINING SL OF 97.05
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