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COMEX-REPORT-DAILY BY EPIC RESEARCH 03.04.13

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COMEX-REPORT-DAILY BY EPIC RESEARCH 03.04.13 Powered By Docstoc
					COMEX
    REPORT



  REPORT
    3 APRIL 2013
     rd
8
                  NEWS RADAR
     Gold ticked lower on Friday, on track to end the quarter with a loss of
    nearly 5 percent, as the euro stayed weak and a rally in equities
    boosted appetite for riskier assets.Shares edged up in Asia and the
    precious metal's safe-haven appeal waned after banks in debt-ridden
    Cyprus reopened on Thursday without causing a massive run on
    deposits despite a controversial bailout that taxed large depositors.
    Worries about the fiscal stability of the euro zone had sent gold prices
    to a 1-month high last week. Gold fell $1.18 an ounce to $1,594.99 by
    0332 GMT in extremely thin trade as many markets in Asia were closed
    for Good Friday.




         TRADING TIPS                             EXPERT OPINION
       SELL GOLD BELOW 1596 TGS               GOLD LOOKS BEARISH
         1590/1584 SL 1602                     SILVER LOOKS BEARISH
       SELL SILVER BELOW 27.90                CRUDE OIL LOOKS BEARISH

         TGS 27.70/27.50 SL 28.10                COPPER LOOKS BEARISH
       SELL COPPER BELOW 3.3530               NGAS LOOKS BEARISH
         TGS 3.3330/3.3130 SL                  LEAD LOOKS BEARISH
         3.3730                                NICKEL LOOKS BEARISH
       SELL CRUDE AROUND 96.60                ALUMINIUM LOOKS BEARSIH
         TGS 96.40/96.20 SL 96.80              ZINC LOOKS BEARISH
           GOLD HOURLY CHART




S1             S2             R1                 R2
1590         1584            1602            1608



        GOLD LOOKS BEARISH SELL AROUND 1596.00
       LEVEL IS SUGGESTED AND RECOMMENDED TO
          BOOK PROFIT NEAR 1590.00 LEVEL AND
                MAINTAINING SL OF 1602.00
           SILVER HOURLY CHART




 S1              S2             R1                R2
27.80          27.60           28.20          28.40


         SILVER LOOKS BEARISH SELL AROUND 27.90
        LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 27.70 LEVEL AND
                  MAINTAINING SL OF 28.10
         COPPER HOURLY CHART




 S1           S2               R1            R2
3.3400      3.3200          3.3800         3.4000



         COPPER LOOKS BEARISH SELL AROUND 3.3530
         LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 3.3330 LEVEL AND
                   MAINTAINING SL OF 3.3730

                           0
        CRUDE OIL HOURLY CHART




 S1             S2              R1              R2
96.70          96.50           97.10           97.30

        CRUDE LOOKS BEARISH SELL AROUND 96.60 LEVEL
          IS SUGGESTED AND RECOMMENDED TO BOOK
         PROFIT NEAR 96.40 LEVEL AND MAINTAINING SL
                           OF 96.80
                      MARKET STATISTICS

                  OPEN              HIGH              LOW                CLOSE
  GOLD         1597.32              1600.30          1594.56             1598.75
 SILVER           28.22              28.36            27.84               28.01

  CRUDE           97.34              97.69            95.91               96.95

 COPPER           3.3923            3.3943            3.3313              3.3633

  NGAS            3.964              4.039            3.930               4.025

ALUMINIUM      1923.63              1926.38          1900.13             1901.88

  LEAD         2128.75              2143.13          2092.75             2100.38
 NICKEL       16857.50             16888.50          16580.00            16702.50


                   ECONOMIC CALENDAR

 DATE     CURRENCY                                              FORECAST      PREVIOUS


 Apr 3      USD            ADP Non-Farm Employment Change         203K              198K

 Apr 3      USD               ISM Non-Manufacturing PMI           55.9              56.0
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