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WEEKLY COMMODITY REPORT 3RD DECEMBER 2012

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HEADLINES
LME copper hits 6-week high, China data aids. London copper rallied to its highest in six weeks on Monday as promising manufacturing data from top consumer China fuelled a cautious return in investors'

TRADING TIP:

appetite for the metal, although worries over US fiscal woes kept a lid on gains. The pace of activity in China's vast manufacturing sector quickened for the first time in 13 months in November, a survey of private factory managers found, adding to evidence that the economy is reviving after seven quarters of slowing growth.

Buy Copper Feb


Above 442.50 TGTS-445/450 SL-437.70

Gold may glitter as dollar looks to recoup Gold may gain in the domestic market on Monday with the yellow metal having lost too much in too little time last week. Also, the dollar gained in early Asian currency market against a basket of currencies. Thus, it could look up against the rupee too. Still, golds movement for the day will hinge on the rupees direction. This is because any drop in the value of the rupee can make imports costly. India imports gold to meet its demand.

Buy Nickel dec Above 958 TGTS-975/995 SL- 938

on it to gain in the long-term and have increased their WWW.EPICRESEARCH.CO exposure. Holdings in exchange-traded funds that are 9752199966 backed by gold are also at a record high.

MCX WEEKLY GOLD CHART

ANALYSIS
OPEN: 32247 HIGH: 32464 LOW: 31040 CLOSE: 31101

GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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MCX WEEKLY SILVER CHART

ANALYSIS
OPEN: 63300 HIGH: 64142 LOW: 60968 CLOSE: 61301

SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

MCX WEEKLY COPPER CHART

ANALYSIS
OPEN: 430.65 HIGH: 441.45 LOW: 429.05 CLOSE: 440.85

COPPER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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MCX WEEKLY CRUDE OIL CHART

ANALYSIS
OPEN: 4905 HIGH: 4932 LOW: 4791 CLOSE: 4847

CRUDE OIL LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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COMEX WEEKLY SILVER CHART

ANALYSIS
OPEN: 34.06 HIGH: 34.38 LOW: 32.89 CLOSE: 33.39

COMEX SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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COMEX WEEKLY GOLD CHART

ANALYSIS
OPEN: 1750.43 HIGH: 1751.93 LOW: 1705.70 CLOSE: 1713.37

COMEX GOLD LOOKS DOWANWARD TREND: BEARISH STRATEGY: SELL ON RISE

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