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COMEX-REPORT-DAILY BY EPIC RESEARCH

VIEWS: 6 PAGES: 8

									COMEX
    REPORT



  REPORT
    15 MARCH 2013
     th
8
                     NEWS RADAR
    Gold futures fell on Wednesday, under pressure from a rising U.S. dollar
    and data showing an uptick in retail sales in the world's largest
    economy. The most actively traded contract, for April delivery, fell
    $3.30, or 0.2%, to settle at $1,588.40 a troy ounce on the Comex
    division of the New York Mercantile Exchange. The U.S. dollar rose on
    Wednesday, pressuring dollar-denominated gold futures by making
    them appear more expensive for buyers using other currencies. A string
    of economic data showing a recovery in the U.S. economy on
    Wednesday pushed the currency, as measured by the ICE U.S. Dollar
    Index, to the highest point in seven months. Gold's losses and the
    dollar's gains came after data showed U.S. retail sales rose by more
    than expected in February.



    But a stabilizing U.S. economy and a debate within the Fed as to when
          TRADING TIPS                             EXPERT OPINION
    to throttle back on its easing have limited investor interest in gold.
    Through Wednesday, gold was down 5.2% in 2013..
       SELL GOLD AROUND 1585                  GOLD LOOKS BEARISH
         TGS 1579/1573 SL 1591                 SILVER LOOKS BEARISH
       SELL SILVER AROUND 28.80               CRUDE OIL LOOKS BULLISH

         TGS 28.60/28.40 SL 29.00                COPPER LOOKS BEARISH
       SELL COPPER AROUND                     NGAS LOOKS BULLISH
         3.4940 TGS 3.4740/3.4540              LEAD LOOKS BEARISH
         SL 3.5140                             NICKEL LOOKS BEARISH
       BUY CRUDE AROUND 91.50                 ALUMINIUM LOOKS BEARSIH
         TGS 91.70/91.90 SL 91.30              ZINC LOOKS BEARISH
          GOLD HOURLY CHART




S1            S2              R1             R2
1578         1572            1590           1594


        GOLD LOOKS BEARISH SELL AROUND 1580.00
       LEVEL IS SUGGESTED AND RECOMMENDED TO
          BOOK PROFIT NEAR 1578.00 LEVEL AND
                MAINTAINING SL OF 1590.00
           SILVER HOURLY CHART




 S1              S2             R1                R2
28.50          28.30           28.90          29.10


         SILVER LOOKS BEARISH SELL AROUND 29.00
        LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 28.80 LEVEL AND
                  MAINTAINING SL OF 29.20
         COPPER HOURLY CHART




 S1           S2               R1            R2
3.5050      3.4950          3.5350         3.5450



          COPPER LOOKS BEARISH SELL BELOW 3.4940
         LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 3.4740 LEVEL AND
                   MAINTAINING SL OF 3.5140

                           0
        CRUDE OIL HOURLY CHART




 S1             S2              R1              R2
92.05          91.95           92.35           92.45

        CRUDE LOOKS BULLISH BUY AROUND 91.50 LEVEL
          IS SUGGESTED AND RECOMMENDED TO BOOK
         PROFIT NEAR 91.70 LEVEL AND MAINTAINING SL
                           OF 91.30
                       MARKET STATISTICS

                   OPEN             HIGH               LOW               CLOSE
  GOLD          1592.68            1598.92           1585.39             1587.44

  SILVER           29.13             29.27             28.84              28.89
  CRUDE            92.53             93.38             91.91              92.46

 COPPER            3.5333           3.5493            3.5045              3.5090

  NGAS             3.628             3.692             3.622              3.678

ALUMINIUM       1980.63            1992.13           1963.01             1969.26

  LEAD          2231.13            2259.88           2226.75             2248.38
 NICKEL        17030.00            17151.00          16930.00            16972.00


                    ECONOMIC CALENDAR

 DATE      CURRENCY                                             FORECAST      PREVIOUS


 Mar15       USD                    Core CPI m/m                  0.2%              0.3%

 Mar15       USD            Prelim UoM Consumer Sentiment         78.2              77.6
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