- Gold futures fell slightly on Thursday after stronger-than-expected US unemployment claims data strengthened the US dollar. However, the dip in gold prices was small and prices near $1,600 per ounce remain possible. - Initial US unemployment claims declined to a five-year low last week, beating forecasts and pushing the dollar higher, which weighed on gold and other metals prices. However, analysts said metals could bounce back from these declines. - The report provides trading tips and analysis for various commodities like gold, silver, copper, crude oil, and recommends entry and exit price levels for potential trades. Charts are included to support the analysis and trading recommendations.

1. COMEX
REPORT
REPORT
19 MARCH 2013
th

2. 8
NEWS RADAR
Gold futures inched lower on Thursday after the dollar strengthened
following the release of better-than-expected US data; however, the
dip has been fairly modest indicating that another attempt at $1,600 an
ounce might not be far off.Gold for April delivery on the Comex division
of the New York Mercantile Exchange was last down $4.30 at $1,584.10
an ounce. Trade has ranged from $1,575.20 to $1,588.50.In data, initial
claims for unemployment benefits declined by 10,000 last week to a
seasonally adjusted 332,000, hitting a five-year low and easily beating
the 352,000 forecast.“Once again the better data knocked metals lower
as the dollar picked-up, so again we wait to see if they can bounce back.
Generally the better data should be good for industrial metals and it
could be a headwind for bullion,” William Adams of FastMarkets said.
TRADING TIPS EXPERT OPINION
 BUY GOLD AROUND 1598  GOLD LOOKS BULLISH
TGS 1604/1610 SL 1592  SILVER LOOKS BULLISH
 BUY SILVER AROUND 28.50  CRUDE OIL LOOKS BEARISH
TGS 28.70/28.90 SL 28.30  COPPER LOOKS BEARISH
 SELL COPPER AROUND  NGAS LOOKS BULLISH
3.4505 TGS 3.4305/3.4105  LEAD LOOKS BEARISH
SL 3.4705  NICKEL LOOKS BEARISH
 SELL CRUDE AROUND 92.70  ALUMINIUM LOOKS BEARSIH
TGS 92.50/92.30 SL 93.00  ZINC LOOKS BEARISH

3. GOLD HOURLY CHART
S1 S2 R1 R2
1596 1590 1608 1614
GOLD LOOKS BULLISH BUY AROUND 1598.00
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 1604.00 LEVEL AND
MAINTAINING SL OF 1592.00

4. SILVER HOURLY CHART
S1 S2 R1 R2
28.60 28.40 29.00 29.20
SILVER LOOKS BULLISH BUY AROUND 28.50
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 28.70 LEVEL AND
MAINTAINING SL OF 28.30

5. COPPER HOURLY CHART
S1 S2 R1 R2
3.4000 3.3800 3.4400 3.4600
COPPER LOOKS BEARISH SELL BELOW 3.4505
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 3.4305 LEVEL AND
MAINTAINING SL OF 3.4105
0

6. CRUDE OIL HOURLY CHART
S1 S2 R1 R2
92.30 92.10 91.90 91.70
CRUDE LOOKS BULLISH BUY AROUND 92.70 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 92.50 LEVEL AND MAINTAINING SL
OF 93.00

7. MARKET STATISTICS
OPEN HIGH LOW CLOSE
GOLD 1590.30 1598.30 1588.28 1591.82
SILVER 28.80 29.00 28.70 28.75
CRUDE 93.23 93.81 92.99 93.56
COPPER 3.5255 3.5445 3.5005 3.5018
NGAS 3.826 3.919 3.821 3.855
ALUMINIUM 1977.00 1986.38 1960.01 1963.38
LEAD 2247.25 2256.88 2218.38 2221.50
NICKEL 17200.00 17332.00 16886.50 16922.00
ECONOMIC CALENDAR
DATE CURRENCY FORECAST PREVIOUS
Mar19 EUR BOE Inflation Letter
Mar19 USD Building Permits 0.93M 0.90M

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