COMEX

TH

REPORT

REPORT
4 APRIL 2013

NEWS RADAR
Copper settled with slight gains on Tuesday, steadying after the previous day's seven-month low after data showed U.S. orders for manufactured goods rose in February. The most-actively traded copper contract, for May delivery, rose 0.4 cent, or 0.1%, to settle at $3.3785 a pound on the Comex division of the New York Mercantile Exchange. U.S. orders for manufactured goods rose 3% in February, the Commerce Department said on Tuesday, reversing a decline from the prior month. The data matched economists expectations, and snapped a streak of weaker-than-expected reports that had weighed on the copper market this week. In response, some investors who had placed bets on lower copper prices during the market's run to seven month lows cashed out, traders said.

TRADING TIPS
SELL GOLD BELOW 1561 TGS 1555/1550 SL 1566 SELL SILVER BELOW 26.90 TGS 26.70/26.50 SL 27.10 SELL COPPER BELOW 3.3313 TGS 3.3113/3.2913 SL 3.3513 SELL CRUDE AROUND 96.31 TGS 96.11/95.91 SL 96.51

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 1560

S2 1555

R1 1580

R2 1590

GOLD LOOKS BEARISH SELL AROUND 159.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1590.00 LEVEL AND MAINTAINING SL OF 1602.00

SILVER HOURLY CHART

S1 27.00

S2 26.80

R1 27.50

R2 27.70

SILVER LOOKS BEARISH SELL AROUND 27.90 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 27.70 LEVEL AND MAINTAINING SL OF 28.10

COPPER HOURLY CHART

S1 3.3300

S2 3.3100

R1 3.3700

R2 3.3900

COPPER LOOKS BEARISH SELL AROUND 3.3530 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.3330 LEVEL AND MAINTAINING SL OF 3.3730 0

CRUDE OIL HOURLY CHART

S1 96.40

S2 96.20

R1 96.80

R2 97.0

CRUDE LOOKS BEARISH SELL AROUND 96.60 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 96.40 LEVEL AND MAINTAINING SL OF 96.80

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1599.18 27.99 96.98 3.3655 4.026 1900.00 2097.75 16620.50 HIGH 1603.62 28.16 97.42 3.3770 4.039 1901.26 2109.25 16688.00 LOW 1573.58 27.18 95.91 3.3368 3.940 1873.76 2050.88 16237.00 CLOSE 1575.82 27.25 96.90 3.3560 3.956 1884.48 2056.63 16376.00

ECONOMIC CALENDAR
DATE Apr 4 Apr 4 CURRENCY USD USD Unemployment Claims Fed Chairman Bernanke Speaks FORECAST 354K PREVIOUS 357K

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