COMEX

REPORT

REPORT
13TH MAY 2013

NEWS RADAR

Bearish trend in Comex goldComex Gold Reaches ThreeWeek High After Late-Session Rally.
Comex gold futures ended lower on Friday, as a sharp rise in the dollar against other crosses triggered technical selling, sending the metal to a two-week low. Bullions failure to break above a $1,500 in the past two weeks suggested sentiment remains weak after the metal plunged to $1,321.35 an ounce on April 16, its lowest in more than two years. On Thursday, the worlds largest gold backed ETF, the SPDR Gold Trust, reported its first daily inflow since March 19. SPDR Golds holdings are down 167.1 tonnes so far in the second quarter. Hopes of surging physical bullion demand from China and India is the only factor that could support prices presently. Akshya Tritiya, a key gold-buying Hindu festival on May 13 and the on-going marriage season demand, could support bullion prices.

Comex Copper Futures Fall from Three-Week High

Copper futures eased Monday in quiet trading as some traders cashed out following the largest one-day price increase in 18 months. The most actively traded contract, for July delivery, fell 0.4 cent, or 0.1%, to settle at $3.3105 a pound on the Comex division of the New York Mercantile Exchange. Futures on Friday had surged by nearly 7% to a three-week high, recording the largest oneday rise since October 2011, as investors bet that demand for the metal wouldn't be as weak as investors had been expecting.

GOLD HOURLY CHART

S1 1420

S2 1408

R1 1448

R2 1462

GOLD LOOKS BEARISH SELL BELOW 1418.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1400.00 LEVEL AND MAINTAINING SL OF 1430.00

SILVER HOURLY CHART

S1 23.45

S2 23.20

R1 23.80

R2 23.98

SILVER LOOKS BEARISH SELL BELOW 23.45 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 23.20 LEVEL AND MAINTAINING SL OF 23.65

COPPER HOURLY CHART

S1 3.3200

S2 3.2900

R1 3.3940

R2 3.4200

COPPER LOOKS BEARISH SELL BELOW 3.3400 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.3200 LEVEL AND MAINTAINING SL OF 3.3600 3

CRUDE OIL HOURLY CHART

S1 95.00

S2 94.10

R1 96.10

R2 96.90

CRUDE LOOKS BEARISH BUY AROUND 95.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 94.00 LEVEL AND MAINTAINING SL OF 96.80

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 13 MAY 13

USD USD

Core Retail Sales m/m Retail Sales m/m

-0.1% 0.3%

-0.4% -0.4%

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