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WEEKLY COMMODITY REPORT BY EPIC RESEARCH- 3 DECEMBER 2012

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WEEKLY COMMODITY REPORT BY EPIC RESEARCH- 3 DECEMBER 2012 Powered By Docstoc
					                 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

 Buy Copper Feb        vast manufacturing sector quickened for the first time
                       in 13 months in November, a survey of private factory
 Above 442.50          managers found, adding to evidence that the economy
                       is reviving after seven quarters of slowing growth.
 TGTS-445/450
                       Gold may glitter as dollar looks to recoup
 SL-437.70
                       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
 Buy Nickel dec        currency market against a basket of currencies. Thus, it
                       could look up against the rupee too. Still, gold’s
 Above 958             movement for the day will hinge on the rupee’s
                       direction. This is because any drop in the value of the
 TGTS-975/995          rupee can make imports costly. India imports gold to
                       meet its demand.
 SL- 938


                       on it to gain in the long-term and have increased their
                       exposure. Holdings in exchange-traded funds that are
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                       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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                                                   9993959693
                       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




www.epicresearch.co                    9752199966
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