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COMEX REPORT BY EPIC RESEARCH-14 February 2013

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COMEX  REPORT BY EPIC RESEARCH-14 February 2013 Powered By Docstoc
					COMEX
    REPORT



  REPORT
    14 FEBRUARY 2013
     tH
              NEWS RADAR
Gold futures are languishing below $1,650 an ounce, burdened by chart
weakness and a lack a volume due to the Lunar New Year holiday.Gold
for April delivery on the Comex division of the New York Mercantile
Exchange was last down $3.30 at $1,645.80 an ounce.The yellow-metal
yesterday broke below its 200-day moving average, which served as the
catalyst for a strong bout of technical selling. And without Asian
physical demand to buoy to market, prices fell to a five week low of
$1,639.50. The ongoing holiday in China and inattentive Indian importer
sentiment left the gold market with little supportive interest overnight,
the CME Group said in a market commentary. The noticeable lack of dip
buying is evidence of a nervous market, a US-based gold trader said.




     TRADING TIPS                             EXPERT OPINION
   SELL GOLD BELOW 1645                   GOLD LOOKS BEARISH
     TGS 1639/1633 SL 1651                 SILVER LOOKS BEARISH
   SELL SILVER BELOW 30.95                CRUDE OIL LOOKS BULLISH

     TGS 30.75/30.55 SL 31.15                COPPER LOOKS BEARISH
   SELL COPPER BELOW 3.7400               NGAS LOOKS BEARISH
     TGS 3.7200/3.7000 SL                  LEAD LOOKS BULLISH
     3.7600                                NICKEL LOOKS BULLISH
   BUY CRUDE ABOVE 98.22                  ALUMINIUM LOOKS BULLISH
     TGS 98.62/99.02 SL 97.82              ZINC LOOKS BULLISH
          GOLD HOURLY CHART




S1            S2              R1             R2
1639         1633            1651           1657


        GOLD LOOKS BEARISH SELL AROUND 1645.00
       LEVEL IS SUGGESTED AND RECOMMENDED TO
          BOOK PROFIT NEAR 1639.00 LEVEL AND
                MAINTAINING SL OF 1651.25
             SILVER HOURLY CHART




 S1                S2              R1              R2
30.66            30.36           31.26           31.56




        SILVER LOOKS BEARISH SELL AROUND 30.95 LEVEL
          IS SUGGESTED AND RECOMMENDED TO BOOK
         PROFIT NEAR 30.75 LEVEL AND MAINTAINING SL
                           OF 31.15
         COPPER HOURLY CHART




 S1           S2               R1            R2
3.7250      3.7050          3.7650         3.7850



          COPPER LOOKS BEARISH SELL BELOW 3.7400
         LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 3.7200 LEVEL AND
                   MAINTAINING SL OF 3.7600

                           0
        CRUDE OIL HOURLY CHART




 S1             S2              R1              R2
97.20          96.80           98.00           98.40


        CRUDE LOOKS BULLISH BUY AROUND 98.22 LEVEL
          IS SUGGESTED AND RECOMMENDED TO BOOK
         PROFIT NEAR 98.62 LEVEL AND MAINTAINING SL
                           OF 97.82
                       MARKET STATISTICS

                 OPEN           HIGH                LOW                CLOSE
  GOLD          1648.16        1653.13             1638.98             1650.79

 SILVER             30.92       31.13               30.56               31.11
  CRUDE             96.94       97.77               96.67               97.56

 COPPER          3.7153        3.7398               3.7040              3.7375

  NGAS              3.275       3.308               3.219               3.244

ALUMINIUM       2101.63        2121.26             2089.76             2115.88

  LEAD          2383.75        2424.88             2368.88             2418.25
 NICKEL         18180.00      18366.00             18121.00            18299.00




                     ECONOMIC CALENDAR



 DATE       CURRENCY                                          FORECAST      PREVIOUS

 Feb 14       USD           Unemployment Claims                 361K              366K

 Feb 14       USD            Natural Gas Storage                                 -118B
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