COMEX

tH

REPORT

REPORT
19 FEBRUARY 2013

NEWS RADAR
Comex gold futures ended lower on Friday, as the dollar strengthened ahead of the G 20 meeting, which is expected to discuss currency wars and single out Japan for aggressive monetary and fiscal policies that have seen the yen drop 20 per cent. Soft physical demand from China during its Lunar New Year holiday and gains in the dollar pushed the precious metal down more than 3.7 per cent this week, its biggest weekly decline since May. Gold prices have been under pressure in recent months, as a resurgence in equity markets pushed investors towards riskier assets such as stocks. Markets also took a note of Blackrock advisors a fund related to billionaire George Soros trimmed its gold holdings in SPDR gold trust by eight per cent, a quarterly regulatory filing showed, further pressuring prices lower. Comex gold futures moved lower in line with our expectations.

TRADING TIPS
BUY GOLD AROUND 1613 TGS 1619/1625 SL 1607 BUY SILVER AROUND 30.60 TGS 30.80/31.00 SL 30.40 BUY COPPER AROUND 3.6900 TGS 3.7100/3.7300 SL 3.6700 SELL CRUDE BELOW 95.45 TGS 95.05/94.65 SL 95.85

EXPERT OPINION
GOLD LOOKS BULLISH SILVER LOOKS BULLISH
CRUDE OIL LOOKS BEARISH

COPPER LOOKS BULLISH

NGAS LOOKS BEARISH LEAD LOOKS BEARISH NICKEL LOOKS BEARISH ALUMINIUM LOOKS BULLISH ZINC LOOKS BEARISH

GOLD HOURLY CHART

S1 1604

S2 1598

R1 1616

R2 1622

GOLD LOOKS BULLISH BUY AROUND 1613.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1619.00 LEVEL AND MAINTAINING SL OF 1607.00

SILVER HOURLY CHART

S1 29.61

S2 29.31

R1 30.21

R2 30.51

SILVER LOOKS BULLISH BUY AROUND 30.60 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 30.80 LEVEL AND MAINTAINING SL OF 30.40

COPPER HOURLY CHART

S1 3.6685

S2 3.6485

R1 3.7085

R2 3.7285

COPPER LOOKS BULLISH BUY ABOVE 3.6900 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.7100 LEVEL AND MAINTAINING SL OF 3.6700 0

CRUDE OIL HOURLY CHART

S1 96.37

S2 95.97

R1 97.11

R2 97.57

CRUDE LOOKS BEARISH SELL AROUND 95.45 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 95.05 LEVEL AND MAINTAINING SL OF 95.85

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1634.29 30.37 97.32 3.7368 3.164 2151.26 2411.50 18265.00 HIGH 1635.80 30.45 97.45 3.7390 3.189 2172.51 2448.63 18378.00 LOW 1597.73 29.67 95.20 3.6830 3.121 2147.88 2401.50 18174.50 CLOSE 1608.75 29.80 95.93 3.6850 3.157 2161.63 2442.38 18329.50

ECONOMIC CALENDAR
DATE Feb 19 CURRENCY EUR German ZEW Economic Sentiment FORECAST 35.3 PREVIOUS 31.5

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