Daily Commodity Report by www.epicresearch.co -- 11th March 2013

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indore, India (prHWY.com) March 11, 2013 - HEADLINE

Gold price, silver slip in dull trade
Gold traded flat, ending the week with a slight gain, after data showed improvement in the U.S. economybut not enough for the Federal Reserve to halt its stimulus, analysts said. Palladium rose more than 3 percent to a 19-month high as supply worries and booming auto demand sparked fund buying. Increased physical deliveries in U.S. palladium futures also suggested rising demand from end-users. Gold fell 1 percent earlier in the session after data showed U.S. employers added an encouraging 236,000 workers to their payrolls in February and the jobless rate dropped to a four-year low..
Base metals prices fail to climb despite strong US jobs report..
Copper and general commentary: Metals rebounded on Thursday, lifted mainly by a strong euro after ECB Chief Mario Draghi went through his press conference giving the impression that the central bank was in no hurry to cut interest rates, despite lowering its 2013 growth forecast. Draghi said he expects economic activity to gradually recover and hinted that he did not see much benefit in slashing rates further from their already-low level of 0.75%.
TRADING TIP:
Buy Crude Oil Mar
* Above 5011
* TGTS-5040/5100
* SL-4970
Sell Zinc Mar
* Below 106.90
* TGTS 106.20/105
* SL- 107.60


ANALYSIS
DAILY MCX GOLD CHART
ANALYSIS
OPEN: 29335
HIGH: 29355
LOW: 29331
CLOSE: 29345
* GOLD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE

DAILY MCX SILVER CHART
ANALYSIS
OPEN: 54801
HIGH: 54872
LOW: 54780
CLOSE: 54855
* SILVER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
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