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COMEX-REPORT-DAILY BY EPIC RESEARCH 13.02.13

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Gold and Silver Tips, Share Market Live, Online Share Trading, Commodity Tips, Stock Tips, equity tips, nifty tips, nifty futures tips, Shares Tips, Stock Tips Free trial

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									COMEX
    REPORT



  REPORT
    13 FEBRUARY 2013
     tH
              NEWS RADAR
Gold slipped to a one-month low on Monday on worries that physical
buying would slacken amid this week's holidays in major Asian markets.
The most actively traded contract, for April delivery, was recently down
$16.90, or 1%, at $1,650 a troy ounce on the Comex division of the New
York Mercantile Exchange. Futures fell as low as $1,644.10 a troy
ounce, the lowest intraday price since Jan. 7

Many Asian markets were closed on Monday for holidays, with major
gold trading hubs in Hong Kong, Singapore and Tokyo quiet. Chinese
markets will remain closed through the week for festivities related to
the lunar new year, which "could limit physical buying interest," Kitco
Metals analyst Jim Wyckoff said in a note.China is the No. 2 consumer
of the metal, behind India.



Selling in the futures market accelerated early Monday, as prices
      TRADING TIPS                            EXPERT OPINION
dipped further below a closely watched indicator of market
momentum. The market's retreat below the 200-day moving average,
    SELL GOLD BELOW 1651                   GOLD LOOKS BEARISH
       stood around 1657                   traders LOOKS BEARISH
whichTGS 1645/1639 SL$1,670, caused some  SILVERto bet that prices
    pointed lower.
were SELL SILVER BELOW 31.05                CRUDE OIL LOOKS BULLISH

     TGS 30.85/30.65 SL 31.25                COPPER LOOKS BULLISH
   BUY COPPER BELOW                       NGAS LOOKS BEARISH
Autotic sell orders were triggered at the opening of Comex floor
      3.7300 TGS 3.7500/3.7800              LEAD LOOKS BEARISH
trading, and gold futures shed about $10 an ounce in a minute before
      SL 3.7600                             NICKEL LOOKS BULLISH
cutting losses.
   BUY CRUDE BELOW 97.45                  ALUMINIUM LOOKS BEARISH
     TGS 97.85/98.25 SL 97.05              ZINC LOOKS BEARISH
          GOLD HOURLY CHART




S1            S2              R1             R2
1640         1634            1652           1658


        GOLD LOOKS BEARISH SELL AROUND 1651.00
       LEVEL IS SUGGESTED AND RECOMMENDED TO
          BOOK PROFIT NEAR 1645.00 LEVEL AND
                MAINTAINING SL OF 1657.00
             SILVER HOURLY CHART




 S1                S2              R1              R2
30.50            30.20           31.10           31.40




        SILVER LOOKS BEARISH SELL AROUND 31.05 LEVEL
          IS SUGGESTED AND RECOMMENDED TO BOOK
         PROFIT NEAR 30.85 LEVEL AND MAINTAINING SL
                           OF 31.25
         COPPER HOURLY CHART




 S1           S2               R1            R2
3.7080      3.6980         3.7480         3.7680



         COPPER LOOKS BULLISH BUY AROUND 3.7300
         LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 3.7500 LEVEL AND
                   MAINTAINING SL OF 3.7100

                           0
        CRUDE OIL HOURLY CHART




 S1             S2              R1              R2
96.80          96.40           97.60           98.00


        CRUDE LOOKS BULLISH BUY AROUND 97.45 LEVEL
          IS SUGGESTED AND RECOMMENDED TO BOOK
         PROFIT NEAR 97.85 LEVEL AND MAINTAINING SL
                           OF 97.05
                       MARKET STATISTICS

                 OPEN           HIGH                 LOW                CLOSE
  GOLD          1667.07        1669.35              1643.48             1649.28

 SILVER             31.43       31.51                30.80               30.98
  CRUDE             95.77       97.07                94.96               96.98

 COPPER          3.7535        3.7610                3.7023              3.7183

  NGAS              3.255       3.290                3.203               3.276

ALUMINIUM       2122.63        2125.13              2096.26             2101.76

  LEAD          2424.75        2431.25              2385.75             2387.38
 NICKEL         18325.00      18371.50              18154.50            18194.50




                     ECONOMIC CALENDAR



 DATE       CURRENCY                                           FORECAST      PREVIOUS

 Feb 13       GBP           BOE Inflation Report

 Feb 13       USD           Core Retail Sales m/m                0.1%              0.3%

 Feb 13       USD             Retail Sales m/m                   0.1%              0.5%
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