Daily Comex Report by www.epicresearch.co- 15th March 2013

Gold futures fell on Wednesday, under pressure from a rising U.S. dollar and data showing an uptick in retail sales in the world's largest economy.

Indore, India (prHWY.com) March 15, 2013 - NEWS RADAR
Gold futures fell on Wednesday, under pressure from a rising U.S. dollar and data showing an uptick in retail sales in the world's largest economy. The most actively traded contract, for April delivery, fell $3.30, or 0.2%, to settle at $1,588.40 a troy ounce on the Comex division of the New York Mercantile Exchange. The U.S. dollar rose on Wednesday, pressuring dollar-denominated gold futures by making them appear more expensive for buyers using other currencies. A string of economic data showing a recovery in the U.S. economy on Wednesday pushed the currency, as measured by the ICE U.S. Dollar Index, to the highest point in seven months. Gold's losses and the dollar's gains came after data showed U.S. retail sales rose by more than expected in February.
TRADING TIP :
 SELL GOLD
AROUND 1585
TGS 1579/1573
SL 1591

 SELL SILVER
AROUND 28.80
TGS 28.60/28.40
SL 29.00

 SELL COPPER
AROUND 3.4940
TGS 3.4740/3.4540
SL 3.5140


 BUY CRUDE
AROUND 91.50
TGS 91.70/91.90
SL 91.30

EXPERT OPINION


* GOLD LOOKS BEARISH
* SILVER LOOKS BEARISH
* CRUDE OIL LOOKS BULLISH
* 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
1578 1572 1590 1594

GOLD LOOKS BEARISH SELL AROUND 1580.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1578.00 LEVEL AND MAINTAINING SL OF 1590.00
SILVER HOURLY CHART
S1 S2 R1 R2
28.50 28.30 28.90 29.10
SILVER LOOKS BEARISH SELL AROUND 29.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.80 LEVEL AND MAINTAINING SL OF 29.20
COPPER HOURLY CHART
S1 S2 R1 R2
3.5050 3.4950 3.5350 3.5450
COPPER LOOKS BEARISH SELL BELOW 3.4940 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4740 LEVEL AND MAINTAINING SL OF 3.5140
CRUDE OIL HOURLY CHART
S1 S2 R1 R2
92.05 91.95 92.35 92.45
CRUDE LOOKS BULLISH BUY AROUND 91.50 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 91.70 LEVEL AND MAINTAINING SL OF 91.30

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