Daily Comex Report by www.epicresearch.co- 22nd March 2013

Gold settled at the highest price in almost three weeks on Monday after renewed worries about the health of Europe's financial system pushed investors into the perceived safe-haven metal.

Indore, India (prHWY.com) March 22, 2013 - NEWS RADAR
Gold settled at the highest price in almost three weeks on Monday after renewed worries about the health of Europe's financial system pushed investors into the perceived safe-haven metal.The most actively traded contract, for April delivery, rose $12, or 0.8%, to settle at $1,604.60 a troy ounce on the Comex division of the New York Mercantile Exchange, the highest settlement since Feb. 26.Global markets were rocked by the details released over the weekend about a proposed 10 billion euro ($12.92 billion) bailout of Cyprus by the European Commission, the European Central Bank and the International Monetary Fund. The harsh conditions imposed on the Mediterranean island included a levy on bank deposits of between 3% and 15%.In response, the euro slumped to a three-month low against the U.S. dollar, and global equities markets pulled back.
TRADING TIP :
 SELL GOLD
AROUND 1606
TGS 1600/1594
SL 1612

 SELL SILVER
AROUND 28.60
TGS 28.40/28.20
SL 28.80

 SELL COPPER
AROUND 3.4000
TGS 3.4100/3.3900
SL 3.4500


 BUY CRUDE
AROUND 93.58
TGS 93.80/94.00
SL 92.30

EXPERT OPINION
* GOLD LOOKS BEARISH
* SILVER LOOKS BEARISH
* CRUDE OIL LOOKS BULLISH
* COPPER LOOKS BEARISH
* NGAS LOOKS BEARISH
* LEAD LOOKS BEARISH
* NICKEL LOOKS BEARISH
* ALUMINIUM LOOKS BEARSIH
* ZINC LOOKS BEARISH

GOLD HOURLY CHART
S1 S2 R1 R2
1600 1594 1614 1620

GOLD LOOKS BULLISH BUY AROUND 1608.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1614.00 LEVEL AND MAINTAINING SL OF 1602.00
SILVER HOURLY CHART
S1 S2 R1 R2
28.60 28.40 29.00 29.20
SILVER LOOKS BULLISH BUY AROUND 28.90 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 29.10 LEVEL AND MAINTAINING SL OF 28.70
COPPER HOURLY CHART
S1 S2 R1 R2
3.4100 3.3900 3.4500 3.4700
COPPER LOOKS BEARISH SELL BELOW 3.4200 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4000 LEVEL AND MAINTAINING SL OF 3.4400
CRUDE OIL HOURLY CHART
S1 S2 R1 R2
93.65 93.45 94.00 94.10
CRUDE LOOKS BULLISH BUY AROUND 93.10 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 93.30 LEVEL AND MAINTAINING SL OF 92.90

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