weekly-commodity-report By Epic Research 04-09 February 2013

9
 WEEKLY COMMODITY REPORT 4 TH FEBRUARY 2013  WWW.EPICRESEARCH.CO 9752199966

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WEEKLY COMMODITY REPORT

4TH 

FEBRUARY 2013

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 HEADLINES 

Gold lifted by US payrolls data, posts weekly

gain. 

Gold rose in unison with equities and commodities on

notching a weekly gain, after U.S. nonfarm payroll

data showed modest job growth in January. Bullio

prices climbed after the Labor Department also sai

U.S. job gains in the prior two months were bigger than

initially reported, supporting views the economy'

sluggish recovery was on track despite a surpris

contraction in output in the final three months of 2012.

Copper Set for Biggest Weekly Advance in Fou

on Chinese Revival.

Copper rose in London, set for the largest weekly gain

in four, amid indications economies are reviving in

China and the U.S., the world’s two biggest users of th

metal. Chinese manufacturing expanded for a fourt

month in January, a purchasing managers’ index

released by the country’s statistics bureau and it

logistics federation showed. A report due at 1:30 p.m

London time will show hiring in the U.S. sped up lasmonth to 165,000 workers, the most since August

according to a Bloomberg survey of economists.

 TRADING TIP:

Sell Crude Oil Feb

Below 5140

TGTS-5100/5030

SL-5182

Buy Nickel Feb

 Above 995

TGTS-1010/1030

SL- 980 

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 MCX WEEKLY GOLD CHART 

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 ANALYSIS

OPEN: 30377 

HIGH: 30427 

LOW: 29794

CLOSE: 30035

GOLD LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

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 MCX WEEKLY SILVER CHART 

 ANALYSIS 

OPEN: 58151

HIGH: 59139

LOW: 57472

CLOSE: 58418

SILVER LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

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 MCX WEEKLY COPPER CHART 

 ANALYSIS

OPEN: 436.35

HIGH: 444.90

LOW: 435.15

CLOSE: 443.70

COPPER LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

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 MCX WEEKLY CRUDE OIL CHART 

 ANALYSIS 

OPEN: 5190

HIGH: 5248

LOW: 5140

CLOSE: 5187 

CRUDE OIL LOOKS SIDEWAYS

TREND: CONSOLIDATE

STRATEGY: SELL ON RISE

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 COMEX WEEKLY SILVER CHART 

 ANALYSIS 

OPEN: 31.14

HIGH: 32.26

LOW: 30.72

CLOSE: 31.80

COMEX SILVER LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

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  COMEX WEEKLY GOLD CHART 

 ANALYSIS 

OPEN: 1658.70

HIGH: 1683.66

LOW: 1651.67 

CLOSE: 1667.58

COMEX GOLD LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

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