COMEX

REPORT

REPORT
8TH MAY 2013

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
SELL GOLD BELOW 1460 TGS 1440/1415 SL 1475 SELL SILVER BELOW 23.70 TGS 23.40/23.00 SL 24.95 BUY COPPER ABOVE 3.3200 TGS 3.3500/3.3800 SL 3.3000 BUY CRUDE BELOW 96.00 TGS 97.00/98.50 SL 95.00

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

COPPER LOOKS BULLISH

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

GOLD HOURLY CHART

S1 1454

S2 1440

R1 1482

R2 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 23.80

S2 23.50

R1 24.26

R2 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 3.2880

S2 3.2600

R1 3.3248

R2 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 94.80

S2 94.00

R1 96.00

R2 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 GOLD SILVER CRUDE COPPER NGAS 1467.05 23.79 93.95 3.1055 4.038 HIGH 1487.80 24.38 96.01 3.3130 4.065 1888.01 2047.38 LOW 1456.02 23.42 93.55 3.1048 3.973 1821.13 1946.25 CLOSE 1468.83 24.08 95.41 3.3058 4.054 1887.38 2046.88

ALUMINIUM 1821.63 LEAD NICKEL 1951.75

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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