COMEX

REPORT

REPORT
16TH MAY 2013

NEWS RADAR

Gold rises on weaker dollar after three-day fall

Gold rose for the first time in four sessions, aided by a softer dollar, butpersistent outflows from exchange-traded funds reflected investors' waning interest in the metal as a safe haven. A surprise rise in U.S. retail sales in April strengthened the view that the U.S. economy remains resilient, damping speculation the Federal Reserve will extend its bullion-friendlybond-buying programme. Gold hit a high of $1,444.96 an ounce and stood at $1,440.66 by 0419 GMT, up $10.61. The precious metal, which has fallen about 14 percent this year, slipped more than 1 percent to a low around $1,425

Base metals rise on industrial demand, global cues

Traders said bolstered after copper extended a third weekly advance in global markets amid speculation that demand from China, the largest user, may be stronger than economic data indicate. Meanwhile, copper for delivery in three months rose 0.9 per cent to $7,444 a tonne on the London Metal Exchange. In the national capital, copper mixed scrap and nickel (4x4) rose by Rs 2 and Rs 4 to Rs 423 and Rs 1,060-1,063 per kg, respectively.

GOLD HOURLY CHART

S1 1380

S2 1368

R1 1406

R2 1418

GOLD LOOKS BEARISH SELL BELOW 1388.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1375.00 LEVEL AND MAINTAINING SL OF 1400.00

SILVER HOURLY CHART

S1 23.48

S2 22.20

R1 22.84

R2 23.19

SILVER LOOKS BEARISH SELL BELOW 22.46 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 22.20 LEVEL AND MAINTAINING SL OF 22.66

COPPER HOURLY CHART

S1 3.2508

S2 3.2228

R1 3.2984

R2 3.3241

COPPER LOOKS BEARISH SELL BELOW 3.2600LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.2400 LEVEL AND MAINTAINING SL OF 3.2800 3

CRUDE OIL HOURLY CHART

S1 93.34

S2 92.78

R1 94.78

R2 95.31

CRUDE LOOKS BEARISH SELL AROUND 93.70 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 92.70 LEVEL AND MAINTAINING SL OF 94.70

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS 1425.26 23.39 94.11 3.2930 4.014 HIGH 1430.56 23.47 94.43 3.3113 4.074 1861.01 1991.13 LOW 1388.69 22.48 92.13 3.2260 4.006 1820.26 1941.88 CLOSE 1392.25 22.57 94.38 3.2760 4.068 1843.76 1968.38

ALUMINIUM 1857.88 LEAD NICKEL 1983.88

15136.30 15178.00 14824.00 14886.50

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