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(prHWY.com) February 16, 2013 - indore, India -- NEWS RADAR
Gold slipped to a five-month low Thursday as data showing a drop in demand last year underlined investor caution toward the precious metal.The most actively traded gold contract, for April delivery, fell $9.60, or 0.6%, to settle at $1,635.50 a troy ounce on the Comex division of the New York Mercantile Exchange, the lowest settlement since Aug. 20.Investor demand for gold in coins, bars and exchange-traded funds fell 10% in 2012 from the previous year, the gold mining- company funded World Gold Council said in a closely watched quarterly report. Total global demand fell 0.4% during the year, to 4,405.5 metrictons, the first decline since 2009.India was the real factor in the decline," WGC investment managing director Marcus Grubb said in an interview. Increased taxes on gold imports and large jewelry items limited buying from the top consumer.
TRADING TIP :
 BUY GOLD AROUND 1630
 TGS 1636/1642 SL 1624
 BUY SILVER AROUND 30.25
 TGS 30.45/30.65 SL 30.05
 BUY COPPER AROUND
 3.7350 TGS 3.7550/3.7750
 SL 3.7150
 BUY CRUDE ABOVE 96.95
 TGS 97.35/96.75 SL 96.55
EXPERT OPINION
* GOLD LOOKS BULLISH
* SILVER LOOKS BULLISH
* CRUDE OIL LOOKS BULLISH
* COPPER LOOKS BULLISH
* NGAS LOOKS BEARISH
* LEAD LOOKS BEARISH
* NICKEL LOOKS BEARISH
* ALUMINIUM LOOKS BULLISH
* ZINC LOOKS BEARISH
GOLD HOURLY CHART
S1 S2 R1 R2
1621 1615 1633 1639
GOLD LOOKS BULLISH BUY AROUND 1630.00
LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1636.00 LEVEL AND MAINTAINING SL OF 1624.00
SILVER HOURLY CHART
S1 S2 R1 R2
29.91 29.61 30.51 30.81
SILVER LOOKS BULLISH BUY AROUND 30.25 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 30.45 LEVEL AND MAINTAINING SL OF 30.05
COPPER HOURLY CHART
S1 S2 R1 R2
3.7108 3.6908 3.7508 3.7708
COPPER LOOKS BULLISH BUY ABOVE 3.7350 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.7550 LEVEL AND MAINTAINING SL OF 3.7150
CRUDE OIL HOURLY CHART
S1 S2 R1 R2
96.40 96.00 97.20 97.60
CRUDE LOOKS BULLISH BUY AROUND 96.95 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 97.35 LEVEL AND MAINTAINING SL OF 96.65
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