COMEX

REPORT

REPORT
8TH APRIL 2013

NEWS RADAR
Gold futures bounced after the release of a US nonfarm payrolls report that showed only tepid job growth in March and highlighted the fragility of the economic recovery. Gold for June delivery on the Comex division of the New York Mercantile Exchange was last up $13.10 at $1,565.50 an ounce, while hitting a session high of $1,576.00 seconds after the US data was released. Nonfarm payrolls added just 88,000 jobs last month, missing the 198,000 forecast by a country mile; however, the prior two months were revised upward by a combined 61,000 jobs to 148,000 in January and 268,000 in February. The unemployment rate actually fell to 7.6 percent from 7.7 percent the prior month as labour force participation declined by 496,000, or 0.2 percentage points, to 63.3 percent, which marks the lowest level since May 1979.

TRADING TIPS
BUY GOLD ABOVE 1581 TGS 1587/1595 SL 1575 BUY SILVER ABOVE 27.35 TGS 27.55/27.80 SL 27.15 SELL COPPER BELOW 3.3350 TGS 3.3200/3.300 SL 3.3500 BUY CRUDE ABOVE 93.30 TGS 93.70/94.50 SL 93.00

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

COPPER LOOKS BEARISH

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

GOLD HOURLY CHART

S1 1574.68

S2 1568.78

R1 1580.80

R2 1586.26

GOLD LOOKS BULLISH BUY ABOVE 1582.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1590.00 LEVEL AND MAINTAINING SL OF 1575.00

SILVER HOURLY CHART

S1 27.19

S2 27.00

R1 27.33

R2 27.45

SILVER LOOKS BULLISH BUY ABOVE 27.35 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 27.60 LEVEL AND MAINTAINING SL OF 27.10

COPPER HOURLY CHART

S1 3.3305

S2 3.3150

R1 3.3447

R2 3.3626

COPPER LOOKS BEARISH SELL BELOW 3.3300 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.3100 LEVEL AND MAINTAINING SL OF 3.3450 0

CRUDE OIL HOURLY CHART

S1 92.40

S2 91.80

R1 93.30

R2 99.92

CRUDE LOOKS BEARISH SELL AROUND 93.40 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 94.40 LEVEL AND MAINTAINING SL OF 92.50

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS 1553.35 26.89 94.33 3.3438 3.942 HIGH 1580.78 27.33 93.54 3.3625 4.129 1892.07 2085.75 LOW 1549.15 26.77 91.92 3.3233 3.925 1866.76 2044.88 CLOSE 1579.36 27.27 93.01 3.3375 4.121 1887.13 2046.38

ALUMINIUM 1888.13 LEAD NICKEL 2085.75

16120.00 16230.50 15962.50 16024.00

ECONOMIC CALENDAR
DATE CURRENCY FORECAST PREVIOUS

Apr 8 Apr 8

JPY EUR

Current Account German Industrial Production m/m

0.46 T 0.4%

0.36 T 0.0%

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