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COMEX-REPORT-DAILY BY EPIC RESEARCH 09.04.13

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COMEX-REPORT-DAILY BY EPIC RESEARCH 09.04.13 Powered By Docstoc
					COMEX
    REPORT



  REPORT
    9TH APRIL 2013
8
                  NEWS RADAR
    Comex gold futures ended higher, on short-covering and rallied over 1.5
    per cent on Friday, its biggest one-day gain since November, as
    disappointing US job data fuelled expectations that the Federal Reserve
    will continue its bullion-friendly bond purchases. The weak jobs data
    reduced the chance that the Fed would alter its current $85 billion
    monthly purchases of mortgage-backed securities and Treasuries
    known as qualitative easing in a bid to boost economic growth. Gold’s
    response to the payrolls report was particularly strong because
    previous advances in the labour market had fuelled discussion within
    the US central bank about whether to cut back the third round of bond
    purchases, perhaps as soon as this summer. However, investor interest
    continued to recede on Thursday, with bullion holdings in major gold
    exchange traded funds dropping to their lowest this year.



         TRADING TIPS                            EXPERT OPINION
       SELL GOLD BELOW 1568 TGS              GOLD LOOKS BEARISH
         1562/1555 SL 1573                    SILVER LOOKS BEARISH
       SELL SILVER BELOW 27.10               CRUDE OIL LOOKS BEARISH

         TGS 26.90/25.70 SL 27.30               COPPER LOOKS BEARISH
       SELL COPPER BELOW 3.3650              NGAS LOOKS BULLISH
         TGS 3.3500/3.3300 SL                 LEAD LOOKS BEARISH
         3.3800                               NICKEL LOOKS BEARISH
       SELL CRUDE BELOW 93.00                ALUMINIUM LOOKS BEARSIH
         TGS 92.50/92.00 SL 93.50             ZINC LOOKS BEARISH
              GOLD HOURLY CHART




  S1             S2              R1                R2
1574.68        1568.78        1582.80        1587.26


           GOLD LOOKS BEARISH SELL BELOW 1575.00
          LEVEL IS SUGGESTED AND RECOMMENDED TO
             BOOK PROFIT NEAR 1568.00 LEVEL AND
                   MAINTAINING SL OF 1579.00
            SILVER HOURLY CHART




 S1               S2              R1                  R2
27.13           27.00            27.45           27.62


        SILVER LOOKS BEARISH SELL BELOW 27.25 LEVEL
         IS SUGGESTED AND RECOMMENDED TO BOOK
        PROFIT NEAR 27.05 LEVEL AND MAINTAINING SL
                          OF 27.50
           COPPER HOURLY CHART




 S1              S2              R1                R2
3.3600         3.3380          3.3920         3.4120


          COPPER LOOKS BEARISH SELL BELOW 3.3600
         LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 3.3400 LEVEL AND
                   MAINTAINING SL OF 3.3750

                           0
        CRUDE OIL HOURLY CHART




 S1            S2              R1              R2
92.70         92.20           93.98           94.42

    CRUDE LOOKS BEARISH SELL AROUND 93.40 LEVEL
      IS SUGGESTED AND RECOMMENDED TO BOOK
     PROFIT NEAR 92.40 LEVEL AND MAINTAINING SL
                       OF 94.50
                     MARKET STATISTICS

                  OPEN            HIGH                 LOW      CLOSE
  GOLD            1553.35       1580.78           1549.15       1579.36
 SILVER            26.89          27.33                26.77     27.27
 CRUDE             94.33          93.54                91.92     93.01

 COPPER           3.3438         3.3625            3.3233        3.3375

  NGAS             3.942          4.129                3.925     4.121

ALUMINIUM 1888.13               1892.07           1866.76       1887.13

   LEAD           2085.75       2085.75           2044.88       2046.38
 NICKEL       16120.00 16230.50 15962.50 16024.00


                   ECONOMIC CALENDAR

 DATE     CURRENCY                                         FORECAST   PREVIOUS


 Apr 9      USD         Fed Chairman Bernanke Speaks

 Apr 9      EUR            French Gov Budget Balance                   -12.8 B
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