COMEX

REPORT

REPORT
9TH MAY 2013

NEWS RADAR
Gold futures climbed, settling at a near one-month high on a wave of buying by investors who bet the market would break out of its sideways funk. Futures added about $5 an ounce in the half-hour before the settlement, as some traders bet the market's selling pressure was easing two weeks after gold's record-setting decline. You've got a technical war" as traders who place bets based on market momentum try to gauge where gold prices will move next, head precious metals dealer with Integrated Brokerage Services. After futures largely shuffled sideways for eight consecutive sessions, Mr. McGhee said some momentum traders stepped in late Wednesday in an effort to trigger automatic buy orders clustered near $1,470 and push prices higher.

TRADING TIPS
SELL GOLD BELOW 1465 TGS 1440/1415 SL 1475 SELL SILVER BELOW 23.75 TGS 23.50/23.00 SL 24.00 SELL COPPER BELOW 3.3200 TGS 3.3000/3.2800 SL 3.3500 SELL CRUDE BELOW 96.30 TGS 95.80/95.00 SL 97.00

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

COPPER LOOKS BEARISH

NGAS LOOKS BEARISH LEAD LOOKS BEARISH NICKEL LOOKS BEARISH ALUMINIUM LOOKS BEARISH ZINC LOOKS BEARISH

GOLD HOURLY CHART

S1 1460

S2 1446

R1 1482

R2 1496

GOLD LOOKS BEARISH SELL BELOW 1465.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1440.00 LEVEL AND MAINTAINING SL OF 1472.00

SILVER HOURLY CHART

S1 23.94

S2 23.70

R1 24.26

R2 24.52

SILVER LOOKS BEARISH SELL BELOW 23.90 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 23.50 LEVEL AND MAINTAINING SL OF 24.10

COPPER HOURLY CHART

S1 3.3100

S2 3.2900

R1 3.3460

R2 3.3650

COPPER LOOKS BEARISH SELL BELOW 3.3200 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.3500 LEVEL AND MAINTAINING SL OF 3.3000 3

CRUDE OIL HOURLY CHART

S1 95.80

S2 94.90

R1 96.30

R2 97.20

CRUDE LOOKS BEARISH BUY AROUND 96.30 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 95.50 LEVEL AND MAINTAINING SL OF 96.90

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS 1467.05 23.79 93.95 3.1055 4.038 HIGH 1487.80 24.38 96.01 3.3130 4.065 1888.01 2047.38 LOW 1456.02 23.42 93.55 3.1048 3.973 1821.13 1946.25 CLOSE 1468.83 24.08 95.41 3.3058 4.054 1887.38 2046.88

ALUMINIUM 1821.63 LEAD NICKEL 1951.75

14780.00 15202.00 14745.00 15145.50

ECONOMIC CALENDAR
DATE CURRENCY FORECAST PREVIOUS

MAY 9

USD

Unemployment Claims

333K

324K

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