Daily Commodity Report by www.epicresearch.co - 5th March 2013

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indore, India (prHWY.com) March 5, 2013 - HEADLINE
Gold eases as ETF holdings fall again, US cuts eyed.
Gold prices eased as demand waned for gold-backed exchange-traded funds and investors continued to digest the effect of wide-ranging US government spending cuts on bullion. A lack of major US economic indicators and a flat US equities market failed to provide gold with a new catalyst, leading to quiet trading. Some investors remained on the sidelines, with President Barack Obama and congressional Republicans still apart on a deal to avert automatic US budget cuts. The White House ordered cuts in government spending on Friday night.
Copper Rebounds From 3-Month Low on Kuroda's Pledge, U.S. Data

Copper rose on,rebounding from three-month lows hit in the previous session, but gains were kept in check by a political stalemate in the United States and Italy, and by plans in top consumer China for tighter property sector controls. Three-month copper on the London Metal Exchange ended at $7,725 a tonne, up from close of $7,700, when it fell in intraday trade to its lowest in more than three months at $7,652 a tonne. China, which accounts for 40 percent of refined copper demand.

TRADING TIP:
* Buy Zinc Mar

Above 110.60
TGTS-111.50/112.50
SL-109.80

* Buy Natural gas Mar

Above 196
TGTS 198/201
SL- 195





ANALYSIS
DAILY MCX GOLD CHART
OPEN: 29770
HIGH: 29770
LOW: 29606
CLOSE: 29668


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

DAILY MCX SILVER CHART
OPEN: 54240
HIGH: 54240
LOW: 53587
CLOSE: 53801


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