COMEX
tH
REPORT
REPORT
16 FEBRUARY 2013
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 [Link] 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. [Link] demand for gold in coins, bars and exchangetraded funds fell 10% in 2012 from the previous year, the gold miningcompany funded World Gold Council said in a closely watched quarterly report. Total global demand fell 0.4% during the year, to 4,405.5 metric tons, the first decline since [Link] 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. Indian government officials have tried to limit the imports of gold to the country, a major contributor to the country's trade deficit. The TRADING TIPS EXPERT OPINION government last month increased the import tax on gold to 6%, from 4%. BUY GOLD AROUND 1630 GOLD LOOKS BULLISH
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 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 1621
S2 1615
R1 1633
R2 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 29.91
S2 29.61
R1 30.51
R2 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 3.7108
S2 3.6908
R1 3.7508
R2 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 0
CRUDE OIL HOURLY CHART
S1 96.40
S2 96.00
R1 97.20
R2 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
MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1642.22 30.75 97.15 3.7338 3.292 2141.38 2407.75 18392.50 HIGH 1649.79 31.04 97.68 3.7428 3.305 2165.26 2423.63 18446.50 LOW 1632.62 30.21 96.76 3.7190 3.131 2139.76 2400.63 18194.00 CLOSE 1635.35 30.44 97.33 3.7353 3.165 2151.13 2409.75 18255.00
ECONOMIC CALENDAR
DATE Feb 16 CURRENCY ALL G20 Meetings FORECAST PREVIOUS
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