COMEX

TH

REPORT

REPORT
28 MARCH 2013

NEWS RADAR
Gold futures languished around $1,600 on Wednesday the debt drama in Cyprus and strong central bank buying has not proven potent enough to overcome waning market sentiment.Gold for April delivery on the Comex division of the New York Mercantile Exchange was last up $5.60 at $1,602.90 per ounce, which is near the session high.Gold is currently no longer able to profit from the politically-driven financial markets and the resulting uncertainty among market players, Commerzbank AG said in a note.Banks in Cyprus are set to reopen tomorrow -some still fear a liquidity flight after high deposit accounts were raided and the countrys second largest bank was ordered to close to secure an EU, IMF, ECB troika rescue.If youre a gold bull you have to have an uncomfortable feeling this morning.

TRADING TIPS
BUY GOLD ABOVE 1609 TGS 1615/1623 SL 1603 BUY SILVER ABOVE 28.80 TGS 29.00/29.20 SL 28.60 SELL COPPER BELOW 3.4000 TGS 3.3800/3.3600 SL 3.4200 SELL CRUDE AROUND 96.40 TGS 96.00/95.80 SL 96.80

EXPERT OPINION
GOLD LOOKS BULLISH SILVER LOOKS BULLISH
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 1600

S2 1594

R1 1612

R2 1618

GOLD LOOKS BULLISH BUY AROUND 1609.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1615.00 LEVEL AND MAINTAINING SL OF 1603.00

SILVER HOURLY CHART

S1 28.50

S2 28.30

R1 29.00

R2 29.20

SILVER LOOKS BULLISH BUY AROUND 28.80 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 29.00 LEVEL AND MAINTAINING SL OF 28.60

COPPER HOURLY CHART

S1 3.4000

S2 3.3900

R1 3.4400

R2 3.4600

COPPER LOOKS BEARISH SELL AROUND 3.4000 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.3800 LEVEL AND MAINTAINING SL OF 3.4200 0

CRUDE OIL HOURLY CHART

S1 96.80

S2 97.00

R1 96.20

R2 96.00

CRUDE LOOKS BEARISH SELL AROUND 96.40 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 96.00 LEVEL AND MAINTAINING SL OF 96.80

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1615.07 29.15 92.40 3.4308 3.954 1927.01 2175.63 16832.00 HIGH 1615.88 29.17 93.92 3.4645 4.030 1948.88 2196.88 17203.50 LOW 1603.34 28.52 92.31 3.4190 3.936 1913.76 2159.50 16778.50 CLOSE 1608.50 28.71 93.84 3.4573 3.957 1948.38 2195.25 17112.00

ECONOMIC CALENDAR
DATE Mar 26 CURRENCY USD FORECAST 340K PREVIOUS 336K

Unemployment Claims

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