COMEX

tH

REPORT

REPORT
6 FEBRUARY 2013

NEWS RADAR
Copper fell Monday as tremors in Europe's financial system pushed traders to cash out of the industrial metal after its recent rally.The most actively traded copper contract, for March delivery, fell 1.60 cents, or 0.4%, to settle at $3.7685 a pound on the Comex division of the New York Mercantile Exchange.European stocks were mostly lower Monday, and closely watched Spanish and Italian government borrowing costs rose amid political turmoil in both countries. Spanish Prime Minister Mariano Rajoy moved to contain a scandal over alleged cash payments to him. In Italy, bank stocks slumped alongside a criminal investigation into derivatives trading.In response, the U.S. dollar gained against the euro. Dollar-denominated copper futures can come under pressure as a rising dollar makes the futures appear more expensive for buyers using other currencies.

TRADING TIPS
BUY GOLD ABOVE 1681 TGS 1687/1693 SL 1674 BUY SILVER ABOVE 32.10 TGS 32.35/32.60 SL 31.85 SELL COPPER BELOW 3.7600 TGS 3.7400/3.7200 SL 3.7800 SELL CRUDE BELOW 96.80 TGS 96.40/96.00 SL 97.20

EXPERT OPINION
GOLD LOOKS BULLISH SILVER LOOKS BULLISH
CRUDE LOOKS BEARISH

COPPER LOOKS BULLISH

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

GOLD HOURLY CHART

S1 1673

S2 1667

R1 1686

R2 1692

GOLD LOOKS BULLISH BUY AROUND 1681.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1687.00 LEVEL AND MAINTAINING SL OF 1675.00

SILVER HOURLY CHART

S1 31.70

S2 31.40

R1 32.30

R2 32.70

SILVER LOOKS BULLISH BUY AROUND 32.10 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 32.35 LEVEL AND MAINTAINING SL OF 31.85

COPPER HOURLY CHART

S1 3.7455

S2 3.7255

R1 3.7855

R2 3.7905

COPPER LOOKS BEARISH ,SELL AROUND 3.7600 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.7400 LEVEL AND MAINTAINING SL OF 3.7700

CRUDE OIL HOURLY CHART

S1 96.50

S2 96.10

R1 97.40

R2 97.80

CRUDE LOOKS BEARISH ,SELL AROUND 96.80 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 96.40 LEVEL AND MAINTAINING SL OF 97.20

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1667.45 31.82 97.70 3.7763 3.308 2126.63 2462.50 18610.00 HIGH 1677.38 31.89 97.73 3.7825 3.349 2146.13 2482.38 18765.50 LOW 1661.49 31.36 95.88 3.7518 3.255 2109.26 2442.63 18541.50 CLOSE 1673.69 31.72 96.10 3.7555 3.324 2112.76 2450.50 18635.00

ECONOMIC CALENDAR

DATE Feb 6 Feb 6

CURRENCY GBP USD German Factory Orders m/m Crude Oil Inventories

FORECAST 0.8%

PREVIOUS -1.8% 5.9M

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