COMEX-REPORT-DAILY by epic research

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					COMEX
    REPORT



  REPORT
    8TH MAY 2013
8
                  NEWS RADAR
    Comex gold futures ended lower on Friday, as market participants
    weighed the continued demand for physical gold against brighter
    economic data, which could curb interest in gold over the longer term.
    Gold prices plunged initially after the monthly data showed consistent
    growth in the US labour market. The US employers added 1,65,000 jobs
    in April, surpassing forecasts. Data for the past two months also were
    revised higher. Federal Reserve said it will roll back supportive
    monetary policies once the labour market strengthens. Therefore,
    investors worry that demand for gold will languish in the absence of
    these measures. Managed money funds raised bets on higher gold
    prices as the market recovered from its worst two-day rout in more
    than 30 years, according to regulatory data released.




         TRADING TIPS                            EXPERT OPINION
       SELL GOLD BELOW 1460 TGS              GOLD LOOKS BEARISH
         1440/1415 SL 1475                    SILVER LOOKS BEARISH
       SELL SILVER BELOW 23.70               CRUDE OIL LOOKS BULLISH

         TGS 23.40/23.00 SL 24.95               COPPER LOOKS BULLISH
       BUY COPPER ABOVE 3.3200               NGAS LOOKS BEARISH
         TGS 3.3500/3.3800 SL                 LEAD LOOKS BULLISH
         3.3000                               NICKEL LOOKS BULLISH
       BUY CRUDE BELOW 96.00                 ALUMINIUM LOOKS BULLISH
         TGS 97.00/98.50 SL 95.00             ZINC LOOKS BULLISH
           GOLD HOURLY CHART




S1            S2              R1                R2
1454         1440           1482            1496


        GOLD LOOKS BEARISH SELL BELOW 1460.00
       LEVEL IS SUGGESTED AND RECOMMENDED TO
          BOOK PROFIT NEAR 1440.00 LEVEL AND
                MAINTAINING SL OF 1472.00
            SILVER HOURLY CHART




 S1               S2              R1                  R2
23.80           23.50            24.26           24.52


        SILVER LOOKS BEARISH SELL BELOW 23.70 LEVEL
         IS SUGGESTED AND RECOMMENDED TO BOOK
        PROFIT NEAR 23.50 LEVEL AND MAINTAINING SL
                          OF 23.90
           COPPER HOURLY CHART




 S1              S2              R1                R2
3.2880         3.2600          3.3248         3.3500


          COPPER LOOKS BEARISH SELL BELOW 3.3200
         LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 3.3500 LEVEL AND
                   MAINTAINING SL OF 3.3000

                           3
        CRUDE OIL HOURLY CHART




 S1            S2              R1              R2
94.80         94.00           96.00           96.90

    CRUDE LOOKS BEARISH BUY AROUND 96.00 LEVEL
      IS SUGGESTED AND RECOMMENDED TO BOOK
     PROFIT NEAR 97.00 LEVEL AND MAINTAINING SL
                       OF 95.00
                        MARKET STATISTICS

                      OPEN           HIGH              LOW         CLOSE
        GOLD         1467.05       1487.80            1456.02      1468.83
        SILVER        23.79          24.38             23.42        24.08
        CRUDE         93.95          96.01             93.55        95.41

    COPPER            3.1055        3.3130            3.1048       3.3058

        NGAS          4.038          4.065             3.973        4.054

  ALUMINIUM 1821.63                1888.01            1821.13      1887.38

        LEAD         1951.75       2047.38            1946.25      2046.88
       NICKEL        14780.00 15202.00 14745.00 15145.50


                      ECONOMIC CALENDAR
DATE      CURRENCY                                      FORECAST    PREVIOUS


MAY 6       EUR         ECB President Draghi Speaks
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