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COMEX

ND

REPORT

REPORT
22 MARCH 2013

8

NEWS RADAR
Gold settled at the highest price in almost three weeks on Monday after renewed worries about the health of Europe's financial system pushed investors into the perceived safe-haven metal.The most actively traded contract, for April delivery, rose $12, or 0.8%, to settle at $1,604.60 a troy ounce on the Comex division of the New York Mercantile Exchange, the highest settlement since Feb. 26.Global markets were rocked by the details released over the weekend about a proposed 10 billion euro ($12.92 billion) bailout of Cyprus by the European Commission, the European Central Bank and the International Monetary Fund. The harsh conditions imposed on the Mediterranean island included a levy on bank deposits of between 3% and 15%.In response, the euro slumped to a three-month low against the U.S. dollar, and global equities markets pulled back.

TRADING TIPS
 SELL GOLD AROUND 1606 TGS 1600/1594 SL 1612  SELL SILVER AROUND 28.60 TGS 28.40/28.20 SL 28.80  SELL COPPER AROUND 3.4300 TGS 3.4100/3.3900 SL 3.4500  BUY CRUDE AROUND 93.58 TGS 93.80/94.00 SL 92.30

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

COPPER LOOKS BEARISH

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

GOLD HOURLY CHART

S1 1600

S2 1594

R1 1614

R2 1620

GOLD LOOKS BULLISH BUY AROUND 1608.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1614.00 LEVEL AND MAINTAINING SL OF 1602.00

SILVER HOURLY CHART

S1 28.60

S2 28.40

R1 29.00

R2 29.20

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

COPPER HOURLY CHART

S1 3.4100

S2 3.3900

R1 3.4500

R2 3.4700

COPPER LOOKS BEARISH SELL BELOW 3.4200 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4000 LEVEL AND MAINTAINING SL OF 3.4400 0

CRUDE OIL HOURLY CHART

S1 93.65

S2 93.45

R1 94.00

R2 94.10

CRUDE LOOKS BULLISH BUY AROUND 93.10 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 93.30 LEVEL AND MAINTAINING SL OF 92.90

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1613.30 28.90 92.18 3.4293 3.961 1934.63 2166.75 16580.00 HIGH 1614.53 28.99 93.26 3.4813 3.971 1954.51 2189.25 16860.50 LOW 1601.46 28.61 92.10 3.4260 3.880 1933.88 2166.25 16551.00 CLOSE 1605.87 28.79 92.65 3.4398 3.948 1941.26 2184.75 16822.50

ECONOMIC CALENDAR
DATE Mar 22 Mar 22 CURRENCY GBP USD FORECAST 107.8 -10.3 PREVIOUS 107.4 -11.0

German Ifo Business Climate
Belgium NBB Business Climate

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