COMEX

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REPORT

REPORT
18 MARCH 2013

NEWS RADAR
Gold futures inched lower on Thursday after the dollar strengthened following the release of better-than-expected US data; however, the dip has been fairly modest indicating that another attempt at $1,600 an ounce might not be far off.Gold for April delivery on the Comex division of the New York Mercantile Exchange was last down $4.30 at $1,584.10 an ounce. Trade has ranged from $1,575.20 to $1,588.50.In data, initial claims for unemployment benefits declined by 10,000 last week to a seasonally adjusted 332,000, hitting a five-year low and easily beating the 352,000 forecast.Once again the better data knocked metals lower as the dollar picked-up, so again we wait to see if they can bounce back. Generally the better data should be good for industrial metals and it could be a headwind for bullion, William Adams of FastMarkets said.

That said, if gold manages to shake-off another dip then that will TRADING TIPS EXPERT OPINION continue to suggest good underlying buying interest, which in turn may worry the shorts, Adams added.
BUY GOLD AROUND 1585 GOLD LOOKS BULLISH

But a TGS stabilizing U.S. and a debate the Fed as to when 1591/1597 SL economy 1579 within SILVER LOOKS BULLISH to throttle backAROUND on its easing interest in gold. BUY SILVER 28.50 have limited investor CRUDE OIL LOOKS BEARISH Through Wednesday, gold was down 5.2% in COPPER 2013.. LOOKS BEARISH TGS 28.70/28.90 SL 29.10
SELL COPPER AROUND 3.5350 TGS 3.5150/3.4950 SL 3.5550 SELL CRUDE AROUND 93.35 TGS 93.10/92.90 SL 93.55 NGAS LOOKS BULLISH LEAD LOOKS BEARISH NICKEL LOOKS BEARISH ALUMINIUM LOOKS BEARSIH ZINC LOOKS BEARISH

GOLD HOURLY CHART

S1 1586

S2 1580

R1 1599

R2 1605

GOLD LOOKS BEARISH SELL AROUND 1585.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1579.00 LEVEL AND MAINTAINING SL OF 1591.00

SILVER HOURLY CHART

S1 28.70

S2 28.50

R1 29.10

R2 29.30

SILVER LOOKS BULLISH BUY AROUND 28.50 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.70 LEVEL AND MAINTAINING SL OF 28.30

COPPER HOURLY CHART

S1 3.5070

S2 3.4870

R1 3.5270

R2 3.5470

COPPER LOOKS BEARISH SELL BELOW 3.5350 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4740 LEVEL AND MAINTAINING SL OF 3.5140 0

CRUDE OIL HOURLY CHART

S1 92.05

S2 91.95

R1 92.35

R2 92.45

CRUDE LOOKS BULLISH BUY AROUND 91.50 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 91.70 LEVEL AND MAINTAINING SL OF 91.30

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1587.73 28.90 92.35 3.5085 3.675 1972.88 2244.25 16960.00 HIGH 1593.10 28.95 93.23 3.5338 3.845 1989.51 2262.38 17232.00 LOW 1576.77 28.54 92.00 3.4948 3.675 1963.76 2234.00 16878.00 CLOSE 1590.00 28.79 93.12 3.5200 3.820 1973.76 2248.38 17189.50

ECONOMIC CALENDAR
DATE Mar18 Mar18 CURRENCY EUR USD Trade Balance NAHB Housing Market Index FORECAST PREVIOUS 12.0B 46

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