Weekly Commodity Report BY www.epicresearch.co 18 th February 2013

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

indore, India (prHWY.com) February 18, 2013 - HEADLINES
* Gold dips to 6-month lows on weak euro ahead of G20.
The recommendations of the expert group set up by the Reserve Bank of India on moderating gold demand, even if accepted, are unlikely to discourage demand. The demand for gold is only the outward manifestation of loss of faith in financial instruments on account of high inflation. Steps to curb the growth of gold-loan BFCs, reduce their access to bank finance, introduce differential pricing of banking services and finance for gold import, set up a gold bank, dematerialise gold, recycling domestic scrap gold, etc, all of which have been suggested by the group.
* Base metals in consolidation mode, await drivers from US data and G20
Base metals held within their recent ranges in premarket, stuck in consolidation mode while awaiting
the outcome of the G20 meeting and US data releases. Movements have been dictated by currencies - the euro continued its descent, falling to 1.3311 against the dollar its weakest since January 24 - after stops were triggered on the way down. It has since settled slightly higher at 1.3329..

* TRADING TIP:
* Sell Silver Mar
Around 57000
TGTS-56000/55000
SL-57500

* Buy Nickel Feb
Above 994.40
TGTS-1020/1060
SL- 988

* MCX WEEKLY GOLD CHART
ANALYSIS

OPEN: 30829
HIGH: 30835
LOW: 30006
CLOSE: 30194

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

* MCX WEEKLY SILVER CHART
ANALYSIS
OPEN: 58309
HIGH: 58360
LOW: 55947
CLOSE: 56063
* SILVER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE

Option tips
Business analyst jobs
Mcx tips
Intraday tips
Intraday trading 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, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.

GET FREE TRIAL +91 731 664 2333


Or mail us here: info@epicresearch.co

Or visit our site that is

http://www.epicresearch.co/

http://www.epicresearch.co/images/past_performance/weekly-commodity-report.pdf

###

Tag Words: business analyst jobs, mcx tips, commodity tips, forex tips, share tips, mcx gold tips

Categories: Business

Press Release Contact
411 Milinda Manor (Suites 409 - 417)
2 RNT Marg Opp Central Mall
Indore (M.P.)

Link To This Press Release:

URL HTML Code