Comex report-weekly by epic research 06 may 2013

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  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    1 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    COMEX Commodity Weekly Report!!!

    6th May 2013 to 11th May 2013

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    2 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    Next Week Economic Event

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    3 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    COMEX BULLIONS TECHNICAL LEVELS

    GOLD COMEX WEEKLY CHART & LEVELS WEEKLY CHART COMEX GOLD

    JUSTIFICATION

    SUPPORT: Immediate Support @1400-1390$ RESISTANCE: Immediate Resistance @1490$ and @1530$ Trading Strategy: GOLD COMEX broke the Major Support @1530$ and has Weekly closed below 1530$ currently trading around @1470, on each bounce back Gold COMEX is facing Selling Pressure. And any bounce back towards 1490$ and 1530$ is selling opportunity. Immediate Support @1400-1390$

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    4 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    COMEX BULLIONS TECHNICAL LEVELS

    SILVER COMEX WEEKLY CHART & LEVELS WEEKLY CHART COMEX SILVER

    JUSTIFICATION

    SUPPORT: Immediate Support @23.45$ and @22.10$ RESISTANCE: Immediate Resistance @24.80$ and @26.10$ Trading Strategy: SILVER COMEX has broken major supports @26$ and trading near to levels @24.10 and immediate support level lies @23.45$ if breaks 23.45$ may head towards 22.10$ Also Sell SILVER COMEX on rise around 25.90- 26.10$

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    5 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    NYMEX ENERGY TECHNICAL LEVELS

    CRUDEOIL NYMEX WEEKLY CHART & LEVELS WEEKLY CHARTS NYMEX CRUDEOIL

    JUSTIFICATION

    SUPPORT: Immediate Support 89.90$ and 87$ RESISTANCE: Immediate Resistance @96.5- 97$ Major Resistance 99.50$ Trading Strategy: Crude Oil NYMEX has immediate resistance @96.5$ and Next major Resistance @99.50$. Hence Sell Around 96.5$ and also sell on Rise @99.50$ with stop loss as 103$

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    6 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    NYMEX ENERGY TECHNICAL LEVELS

    NATURAL GAS NYMEX WEEKLY CHART & LEVELS WEEKLY CHARTS NYMEX NATURAL GAS

    JUSTIFICATION

    SUPPORT: Immediate Support @3.970$ and @3.450$ RESISTANCE: Immediate Resistance @4.450 $ Trading Strategy: Natural Gas COMEX has immediate support @3.970$ and if Breaks these levels may head towards next major support @3.450$. Hence Sell Natural Gas below 3.970$

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    7 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    COMEX BASE METAL TECHNICAL LEVELS

    COPPER COMEX WEEKLY CHART & LEVELS WEEKLY CHARTS COPPER COMEX

    JUSTIFICATION

    SUPPORT: Immediate Support @3.0455$ RESISTANCE: Immediate Resistance @3.550$ Trading Strategy: COPPER COMEX has immediate Resistance @3.550$ and trading above this level copper may head towards higher levels. Support lies @3.0455$ and below this level copper may enter into bearish phase.

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    8 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    COMEX BASE METAL TECHNICAL LEVELS

    NICKEL COMEX WEEKLY CHART & LEVELS WEEKLY CHARTS NICKEL COMEX

    JUSTIFICATION

    SUPPORT: Immediate Strong Support 14000$ RESISTANCE: Immediate Resistance @15150$ Trading Strategy: NICKEL COMEX resistance @15150 and may head to towards lower level @14000$. If traders Above 15200$ may head towards 15900$ and @15900$ may again face selling pressure.

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    9 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    COMEX BASE METAL TECHNICAL LEVELS

    LEAD COMEX WEEKLY CHART & LEVELS WEEKLY CHARTS LEAD COMEX

    JUSTIFICATION

    SUPPORT: Immediate Strong Support @1980$ RESISTANCE: Immediate Resistance @2080 and @2160$ Trading Strategy: LEAD COMEX has immediate support @1980$ and has bounced from support levels. Lead COMEX may head towards

    higher levels @2080 and @2160. If head towards 1980$ will be a buying opportunity. Below 1970$ Lead may enter

    into bearish zone.

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    10 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    COMEX BASE METAL TECHNICAL LEVELS

    ALUMINIUM COMEX WEEKLY CHART & LEVELS WEEKLY CHARTS ALUMINIUM COMEX

    JUSTIFICATION

    SUPPORT: Immediate Strong Support @1810$ RESISTANCE: Immediate Resistance @1930$ Trading Strategy: ALUMINIUM COMEX has strong support @1810 and has bounced from these levels may head towards higher levels from current levels @1887 to 1920 and 1950$ in this week.

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    11 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    LAST WEEK U.S. PERSONAL INCOME AND OUTLAY DATA IMPACT

    Highlights

    Personal income for March came in a little softer than expected while spending posted marginally higher. Personal income rose

    0.2 percent after a 1.1 percent boost the month before. Analysts projected a 0.4 percent increase. The important wages and

    salaries component advanced 0.2 percent, following a 0.7 percent gain in February. Large monthly swings in income growth

    continued in March from fiscal cliff effects-though March likely ends those related swings.

    Personal spending rose 0.2 percent for the latest month after a 0.7 percent jump in February. The gain was led by services with

    durables and nondurables down. Expectations were for an overall 0.1 percent rise. In more detail, durables slipped 0.2 percent

    after a 0.2 percent rise. Nondurables, on lower gasoline prices, fell 1.1 percent, following a 1.6 percent jump in February.

    Services, on higher utilities usage from atypically cold weather, jumped 0.7 percent, following a 0.5 percent gain the month

    before.

    Turning to inflation, the PCE price index declined 0.1 percent, following a 0.4 percent jump in February. Expectations were for a

    0.1 percent increase. The core PCE price index was unchanged after a 0.1 percent rise in February. The median forecast was for

    a 0.1 percent rise.

    Year-on-year, headline prices were up 1.0 percent in March versus 1.3 percent in February. The core was up 1.1 percent,

    compared to 1.3 percent the month before.

    Overall, March was a sluggish month for consumer income and spending. The good news is that inflation was soft-keeping the

    Fed's loose monetary policy in play.

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    12 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    LAST WEEK U.S. CONSUMER PRICE INDEX DATA IMPACT

    Highlights

    Jobless claims are moving surprisingly lower and there are no special factors to explain away the improvement. Initial claims fell

    18,000 in the April 27 week following a 13,000 decline in the prior week. The 324,000 level in the latest week is a new recovery

    low and is a very sizable 21,000 below the expected. The 4-week average is down a very big 16,000 to 342,250 which is the

    lowest rate since mid-March.

    Continuing claims rose 12,000 in data for the April 20 week but the 4-week average continues to move lower, down 18,000 to a

    new recovery low of 3.056 million. The unemployment rate for insured workers remains at a recovery low of 2.3 percent for a

    second straight week.

    This report is certain to be a positive for the jobs outlook and for today's market, but shouldn't affect expectations for tomorrow's

    April employment report which was sampled two weeks ago showing, in sharp contrast to the last two weeks of data, decidedly

    unfavorable comparisons with the March sampling week.

  • COMEX Weekly News Letter (06 May 2013 to 11 May 2013)

    13 | P a g e WWW.EPICRESEARCH.CO

    CALL: +919752199966

    LAST WEEK U.S. EMPLOYMENT SITUATION DATA IMPACT

    Highlights

    The numbers are still soft but April employment beat expectations and there were upward revisions. Total payroll jobs in April

    increased a somewhat improved 165,000 after rising a revised 138,000 in March (originally up 88,000). Market expectations were

    for a 153,000 gain for April. The net revisions for February and March were up 114,000. The unemployment rate slipped to 7.5

    percent from 7.6 percent in March. Analysts forecast a 7.6 percent unemployment rate.

    Turning back to payroll data, private payrolls gained 176,000 after rising 154,000 in March (originally 95,000). Expectations were

    for a 175,000 boost.

    In the private sector, relative strength again was in the private service-providing sector. Service-providing jobs increased 185,000

    after a 139,000 rise in March. The April boost was led by subcomponents for temporary help services (up 31,000), professional

    and technical services (up 23,000), and management of companies (up 7,000), leisure and hospitality (up 43,000), retail trade

    (up 29,300), and health care & social assistance (up 26,100).

    Goods-producing jobs were disappointing, declining 9,000 (rounded) after a 15,000 rise in March. Construction decreased 6,000

    in the latest month with mining dipping 4,000. Manufacturing employment was unchanged.

    Government jobs declined 11,000 in April, following a decrease of 16,000 the prior month.

    Wages improved aft