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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 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
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