COMEX

REPORT

REPORT
12TH APRIL 2013

NEWS RADAR
Technical analysts say last months high, along with the lows hit since gold hit its record high in 2011, are key chart levels that may portend increased momentum in either direction for gold futures. On a spot continuation basis, these levels are around $1,524 an ounce on the downside and $1,616.50 on the upside. Last weeks low is not far above other significant lows from the last one and one-half years, underscoring the importance of those support levels. While the market remains between that range, traders have to be flexible to either directional outcome, either of which could be extreme. Were basically sitting on a ledge here from $1,535 to $1,524. Thats going to be either huge support for a huge rally, or if it breaks, it will produce a huge selloff.

TRADING TIPS
SELL GOLD BELOW 1555 TGS 1548/1535 SL 1561.40 SELL SILVER BELOW 27.40 TGS 27.10/26.70 SL 27.58 BUY COPPER ABOVE 3.4240 TGS 3.4500/3.4800 SL 3.3980 SELL CRUDE BELOW 93.00 TGS 92.50/92.00 SL 93.60

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

COPPER LOOKS BULLISH

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

GOLD HOURLY CHART

S1 1555.68

S2 1548.78

R1 1565.80

R2 1571.26

GOLD LOOKS BEARISH SELL BELOW 1555.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1540.00 LEVEL AND MAINTAINING SL OF 1562.00

SILVER HOURLY CHART

S1 27.25

S2 27.01

R1 27.75

R2 28.02

SILVER LOOKS BEARISH SELL BELOW 27.40 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 27.00 LEVEL AND MAINTAINING SL OF 27.60

COPPER HOURLY CHART

S1 3.3920

S2 3.3700

R1 3.4220

R2 3.4500

COPPER LOOKS BULLISH BUY ABOVE 3.4240 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4500 LEVEL AND MAINTAINING SL OF 3.4000 0

CRUDE OIL HOURLY CHART

S1 92.70

S2 92.00

R1 93.90

R2 94.50

CRUDE LOOKS BEARISH SELL AROUND 93.10 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 92.40 LEVEL AND MAINTAINING SL OF 94.00

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS 1559.30 27.61 94.53 3.4135 4.098 HIGH 1568.07 27.83 94.62 3.4365 4.179 1910.13 2103.50 LOW 1553.15 27.39 93.05 3.3838 4.043 1885.51 2063.63 CLOSE 1560.43 27.60 93.48 3.4245 4.164 1895.13 2083.65

ALUMINIUM 1904.63 LEAD NICKEL 2088.75

16102.50 16257.50 16022.50 16223.00

ECONOMIC CALENDAR
DATE CURRENCY FORECAST PREVIOUS

Apr 12 Apr 12

USD USD

Core Retail Sales m/m Fed Chairman Bernanke Speak

-0.1%

1.0%

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