COMEX

nd

REPORT

REPORT
2 APRIL 2013

NEWS RADAR
Gold inched down on Tuesday toward a key resistance level of $1,600 per ounce as safe-haven demand ebbed after Cyprus clinched a lastditch rescue deal, but lingering concerns about the health of the euro zone's banking system checked losses.While Cyprus's deal with international lenders to shut down the country's second largest bank in return for 10 billion euros in rescue funds removed the immediate risk of a financial meltdown, investors were worried this could set a new precedent in restructuring the euro zone banking sector.Gold, which typically benefits from economic uncertainty,pushed to a three-week high above $1,616 an ounce last week amidworries around the Cyprus bailout. It dropped to a 1-1/2 week low of $1,589.49 on Monday after the 11th-hour rescue.

TRADING TIPS
SELL GOLD ABOVE 1596 TGS 1600/1606 SL 1590 SELL SILVER ABOVE 28.00 TGS 27.80/27.60 SL 28.20 SELL COPPER BELOW 3.3300 TGS 3.3100/3.2900 SL 3.3500 SELL CRUDE AROUND 96.50 TGS 95.80/95.60 SL 96.70

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

COPPER LOOKS BEARISH

NGAS LOOKS BEARISH LEAD LOOKS BEARISH NICKEL LOOKS BEARISH ALUMINIUM LOOKS BEARSIH ZINC LOOKS BEARISH

GOLD HOURLY CHART

S1 1590

S2 1584

R1 1600

R2 1606

GOLD LOOKS BULLISH BUY AROUND 1596.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1602.00 LEVEL AND MAINTAINING SL OF 1590.00

SILVER HOURLY CHART

S1 28.00

S2 27.80

R1 28.30

R2 28.50

SILVER LOOKS BULLISH BUY AROUND 28.50 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.70 LEVEL AND MAINTAINING SL OF 28.30

COPPER HOURLY CHART

S1 3.3200

S2 3.3000

R1 3.3600

R2 3.3800

COPPER LOOKS BEARISH SELL AROUND 3.3800 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.3600 LEVEL AND MAINTAINING SL OF 3.4000 0

CRUDE OIL HOURLY CHART

S1 96.30

S2 96.10

R1 96.70

R2 96.90

CRUDE LOOKS BEARISH SELL AROUND 97.30 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 97.10 LEVEL AND MAINTAINING SL OF 97.50

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1596.27 28.43 97.18 3.4465 4.013 1912.63 2137.00 16808.50 HIGH 1599.30 28.47 97.18 3.4520 4.013 1922.76 2141.25 16888.50 LOW 1593.53 28.33 97.18 3.3878 4.013 1898.88 2094.50 16629.00 CLOSE 1598.40 28.33 97.18 3.3948 4.013 1921.13 2132.13 16882.50

ECONOMIC CALENDAR
DATE Apr 2 CURRENCY USD Manufacturing PMI FORECAST 48.9 PREVIOUS 47.9

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