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February 2013 Gold Market Report

The document reports on gold, silver, crude oil, and copper futures prices on the Comex exchange from February 4, 2013. It states that gold prices rose $10 after the release of US jobs data that showed non-farm payrolls increased 157,000, slightly below forecasts. It then provides trading tips and analysis for different commodities, with gold and silver viewed as bearish while copper and lead looked bullish. Charts are included with support and resistance levels.

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0% found this document useful (0 votes)
11 views8 pages

February 2013 Gold Market Report

The document reports on gold, silver, crude oil, and copper futures prices on the Comex exchange from February 4, 2013. It states that gold prices rose $10 after the release of US jobs data that showed non-farm payrolls increased 157,000, slightly below forecasts. It then provides trading tips and analysis for different commodities, with gold and silver viewed as bearish while copper and lead looked bullish. Charts are included with support and resistance levels.

Uploaded by

api-196234891
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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COMEX

tH

REPORT

REPORT
4 FEBRUARY 2013

NEWS RADAR
Gold futures climbed about $10 after the release of US non-farm payroll data that came in mostly in line with expectations, while the country's unemployment rate ticked slightly [Link] for April delivery on the Comex division of the New York Mercantile Exchange was last up $11.16 at $1,673.60 per ounce. The yellow metal hit a session high of $1,675.90 minutes after the jobs report was [Link] US Department of Labor said that non-farm payrolls rose a seasonally adjusted 157,000 in January, down from 196,000 in the preceding month, whose figure was revised up from 155,000. The January number came in slightly below the forecast 161,000. Gold futures climbed about $10 after the release of US non-farm payroll data that came in mostly in line with expectations, while the country's unemployment rate ticked slightly higher.

TRADING TIPS
SELL GOLD BELOW 1666 TGS 1660/1654 SL 1672 SELL SILVER ABOVE 31.50 TGS 31.25/31.00 SL 31.75 BUY COPPER BELOW 3.7750 TGS 3.7950/3.8150 SL 3.7550 SELL CRUDE BELOW 97.40 TGS 97.20/97.00 SL 97.60

EXPERT OPINION
GOLD LOOKS BEARISH SILVER LOOKS BEARISH
CRUDE LOOKS BEARISH

COPPER LOOKS BULLISH

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

GOLD HOURLY CHART

S1 1661

S2 1654

R1 1674

R2 1681

GOLD LOOKS BEARISH BUY AROUND 1666.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1660.00 LEVEL AND MAINTAINING SL OF 1672.00

SILVER HOURLY CHART

S1 31.50

S2 31.20

R1 32.10

R2 32.40

SILVER LOOKS BEARISH SELL AROUND 31.50 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 31.25 LEVEL AND MAINTAINING SL OF 31.75

COPPER HOURLY CHART

S1 3.7465

S2 3.7060

R1 3.7865

R2 3.8065

COPPER LOOKS BULLISH ,BUY AROUND 3.7750 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.7950 LEVEL AND MAINTAINING SL OF 3.7550

CRUDE OIL HOURLY CHART

S1 97.20

S2 96.80

R1 98.00

R2 98.40

CRUDE LOOKS BEARISH ,SELL AROUND 97.40 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 97.20 LEVEL AND MAINTAINING SL OF 97.60

MARKET STATISTICS
OPEN GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL 1663.44 31.42 97.40 3.7275 3.323 2095.10 2434.50 18322.00 HIGH 1681.89 32.13 98.11 3.7758 3.382 2123.38 2466.75 18641.50 LOW 1659.79 31.27 96.50 3.7105 3.274 2084.38 2421.00 18290.00 CLOSE 1667.58 31.80 97.62 3.7675 3.292 2123.38 2460.75 18629.00

ECONOMIC CALENDAR

DATE Feb 4 Feb 4

CURRENCY GBP USD Construction PMI Factory Orders m/m

FORECAST

PREVIOUS 48.7 0.0%

Disclaimer
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