COMEX

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REPORT

REPORT
11 MARCH 2013

NEWS RADAR
Gold futures shuffled sideways for a fourth consecutive session on Thursday, with investors content to stick to the sidelines ahead of Friday's closely watched reading on U.S. unemployment.Gold for April delivery, the most actively traded contract, rose 20 cents to settle at $1,575.10 a troy ounce on the Comex division of the New York Mercantile Exchange. Futures on Wednesday had settled unchanged."Gold has not been able to catch a break of late," TD Securities head of commodity strategy Bart Melek said in a note. "Investors will need to see some evidence that the U.S. momentum is slowing" for gold to rally much from here, Mr. Melek said.Gold, bought by some investors as a safe haven, has struggled this year amid signs of a steadying U.S. economic recovery and as equities climbed to multiyear highs. Through Thursday, gold futures were down 6% in 2013.

TRADING TIPS
SELL GOLD AROUND 1576 TGS 1570/1564 SL 1582 SELL SILVER AROUND 28.85 TGS 28.65/28.45 SL 29.05 SELL COPPER AROUND 3.4970 TGS 3.4770/3.4570 SL 3.5170 BUY CRUDE AROUND 91.20 TGS 91.40/91.60 SL 91.00

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 1572

S2 1566

R1 1584

R2 1590

GOLD LOOKS BEARISH SELL AROUND 1576.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1570.00 LEVEL AND MAINTAINING SL OF 1564.00

SILVER HOURLY CHART

S1 28.60

S2 28.40

R1 29.00

R2 29.20

SILVER LOOKS BEARISH SELL AROUND 28.85 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.65 LEVEL AND MAINTAINING SL OF 29.05

COPPER HOURLY CHART

S1 3.4650

S2 3.4450

R1 3.5000

R2 3.5200

COPPER LOOKS BEARISH SELL BELOW 3.4970 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4770 LEVEL AND MAINTAINING SL OF 3.5170 0

CRUDE OIL HOURLY CHART

S1 91.30

S2 91.10

R1 91.70

R2 92.10

CRUDE LOOKS BULLISH BUY AROUND 91.20 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 91.40 LEVEL AND MAINTAINING SL OF 91.00

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1583.47 29.01 90.41 3.4850 3.467 1957.26 2190.25 16560.00 HIGH 1585.25 29.06 91.71 3.5140 3.598 1985.26 2226.00 16717.50 LOW 1574.73 28.73 90.20 3.4728 3.458 1947.63 2177.50 16544.00 CLOSE 1577.91 28.84 91.40 3.4990 3.574 1980.88 2212.50 16592.50

ECONOMIC CALENDAR
DATE Mar11 Mar11 CURRENCY EUR EUR German Trade Balance French Industrial Production m/m FORECAST PREVIOUS 16.8B -0.1%

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