Comex Report by www.epicresearch.co- 7th March 2013
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Gold futures edged higher on Tuesday, holding slight gains for a second consecutive session as physical buying picked up following the metal's slump to seven-month lows. The most actively traded contract, for April delivery, rose $2.50, or 0.2%, to settle at $1,574.90 a troy ounce on the Comex division of the New York Mercantile Exchange. Futures had climbed as high as $1,585.80 a troy ounce early Tuesday, building off of overnight gains as Asian buyers of the metal stepped back into the market."We are seeing strong and growing support for gold from the physical market," said Marc Ground, an analyst with Standard Bank. The buying activity appears widespread across Southeast Asia and, therefore, does not appear to be a result of country-specific factors but rather is due to general enthusiasm for the metal at these low prices...
TRADING TIP :
 SELL GOLD
AROUND 1578
TGS 1572/1566
SL 1586
 SELL SILVER
AROUND 28.75
TGS 28.55/28.35
SL 28.95
 SELL COPPER
AROUND 3.4950
TGS 3.4750/3.4550
SL 3.5150
 SELL CRUDE
BELOW 90.80
TGS 90.60/90.40
SL 91.00
EXPERT OPINION
* GOLD LOOKS BEARISH
* CRUDE OIL LOOKS BEARISH
* COPPER LOOKS BEARISH
* NGAS LOOKS BULLISH
* LEAD LOOKS BEARISH
* NICKEL LOOKS BEARISH
* ALUMINIUM LOOKS BEARSIH
* ZINC LOOKS BEARISH
GOLD HOURLY CHART
S1 S2 R1 R2
1568 1562 1580 1586
GOLD LOOKS BEARISH SELL AROUND 1578.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1572.00 LEVEL AND MAINTAINING SL OF 1586.00
SILVER HOURLY CHART
S1 S2 R1 R2
28.42 28.22 28.82 29.02
SILVER LOOKS BEARISH SELL AROUND 28.75 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.55 LEVEL AND MAINTAINING SL OF 28.95
COPPER HOURLY CHART
S1 S2 R1 R2
3.4678 3.4478 3.5078 3.5278
COPPER LOOKS BEARISH SELL BELOW 3.4950 LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 3.4750 LEVEL AND MAINTAINING SL OF 3.515
CRUDE OIL HOURLY CHART
S1 S2 R1 R2
90.30 90.10 90.70 90.90
CRUDE LOOKS BEARISH SELL AROUND 90.80 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 90.60 LEVEL AND MAINTAINING SL OF 91.00
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