COMEX

tH

REPORT

REPORT
26 FEBRUARY 2013

NEWS RADAR
Gold futures prices are lower and hit a fresh 8.5-month low in early U.S. trading Thursday. Follow-through technical selling pressure and more weak-long liquidation are featured. The stronger U.S. dollar index is also a major bearish factor for the precious metals markets. April Comex gold last traded down $6.60 at $1,571.50 an ounce. Spot gold was last quoted up $8.60 at $1,573.50. March Comex silver last traded up $0.018 at $28.62 an ounce.Traders are still digesting the release Wednesday afternoon of the Federal Reserves Open Market Committee minutes from early January. Those minutes said U.S. economic conditions are improving to the point that some FOMC members think its massive asset- purchasing program (quantitative easing) may have to be changed soon. The FOMC will further address the issue at its next meeting in March.

TRADING TIPS
SELL GOLD AROUND 1578 TGS 1572/1566 SL 1584 SELL SILVER AROUND 28.75 TGS 28.45/28.15 SL 29.05 SELL COPPER AROUND 3.5600 TGS 3.5400/3.5200 SL 3.5800 SELL CRUDE BELOW 92.85 TGS 92.45/92.05 SL 93.25

EXPERT OPINION
GOLD LOOKS BEARISH SILVER LOOKS BEARISH
CRUDE OIL LOOKS BEARISH

COPPER LOOKS BEARISH

NGAS LOOKS BEARISH LEAD LOOKS BEARISH NICKEL LOOKS BEARISH ALUMINIUM LOOKS BEARSIH ZINC LOOKS BEARISH

GOLD HOURLY CHART

S1 1585

S2 1579

R1 1597

R2 1603

GOLD LOOKS BEARISH SELL AROUND 1587.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1581.00 LEVEL AND MAINTAINING SL OF 1593.50

SILVER HOURLY CHART

S1 28.90

S2 28.60

R1 29.50

R2 29.80

SILVER LOOKS BULLISH BUY AROUND 28.90 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.70 LEVEL AND MAINTAINING SL OF 29.10

COPPER HOURLY CHART

S1 3.5400

S2 3.5200

R1 3.5800

R2 3.6000

COPPER LOOKS BEARISH SELL BELOW 3.5540 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.5340 LEVEL AND MAINTAINING SL OF 3.5740 0

CRUDE OIL HOURLY CHART

S1 94.10

S2 93.70

R1 94.80

R2 95.20

CRUDE LOOKS BEARISH SELL AROUND 92.85 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 92.45 LEVEL AND MAINTAINING SL OF 93.25

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1575.81 28.64 96.66 3.5648 3.238 2070.63 2324.75 16777.50 HIGH 1586.97 28.91 97.06 3.5873 3.289 2090.51 2351.25 17046.00 LOW 1569.66 28.35 93.58 3.5238 3.227 2042.26 2301.13 16609.50 CLOSE 1580.21 28.75 94.78 3.5380 3.271 2046.63 2305.38 16936.00

ECONOMIC CALENDAR
DATE Feb 26 Feb 26 Feb 26 CURRENCY USD USD USD CB Consumer Confidence Fed Chairman Bernanke Testifies New Home Sales 381K 369K FORECAST 60.8 PREVIOUS 58.6

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