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Comex: 3 APRIL 2013
Comex: 3 APRIL 2013
Comex: 3 APRIL 2013
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REPORT
REPORT
3 APRIL 2013
NEWS RADAR
Gold ticked lower on Friday, on track to end the quarter with a loss of nearly 5 percent, as the euro stayed weak and a rally in equities boosted appetite for riskier assets.Shares edged up in Asia and the precious metal's safe-haven appeal waned after banks in debt-ridden Cyprus reopened on Thursday without causing a massive run on deposits despite a controversial bailout that taxed large depositors. Worries about the fiscal stability of the euro zone had sent gold prices to a 1-month high last week. Gold fell $1.18 an ounce to $1,594.99 by 0332 GMT in extremely thin trade as many markets in Asia were closed for Good Friday.
TRADING TIPS
SELL GOLD BELOW 1596 TGS 1590/1584 SL 1602 SELL SILVER BELOW 27.90 TGS 27.70/27.50 SL 28.10 SELL COPPER BELOW 3.3530 TGS 3.3330/3.3130 SL 3.3730 SELL CRUDE AROUND 96.60 TGS 96.40/96.20 SL 96.80
EXPERT OPINION
GOLD LOOKS BEARISH SILVER LOOKS BEARISH
CRUDE OIL LOOKS BEARISH
NGAS LOOKS BEARISH LEAD LOOKS BEARISH NICKEL LOOKS BEARISH ALUMINIUM LOOKS BEARSIH ZINC LOOKS BEARISH
S1 1590
S2 1584
R1 1602
R2 1608
GOLD LOOKS BEARISH SELL AROUND 1596.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1590.00 LEVEL AND MAINTAINING SL OF 1602.00
S1 27.80
S2 27.60
R1 28.20
R2 28.40
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
S1 3.3400
S2 3.3200
R1 3.3800
R2 3.4000
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
S1 96.70
S2 96.50
R1 97.10
R2 97.30
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 1597.32 28.22 97.34 3.3923 3.964 1923.63 2128.75 16857.50 HIGH 1600.30 28.36 97.69 3.3943 4.039 1926.38 2143.13 16888.50 LOW 1594.56 27.84 95.91 3.3313 3.930 1900.13 2092.75 16580.00 CLOSE 1598.75 28.01 96.95 3.3633 4.025 1901.88 2100.38 16702.50
ECONOMIC CALENDAR
DATE Apr 3 Apr 3 CURRENCY USD USD ADP Non-Farm Employment Change ISM Non-Manufacturing PMI FORECAST 203K 55.9 PREVIOUS 198K 56.0
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