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Comex report-weekly by epic research 06 may 2013

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  • 1. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)1 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966COMEX Commodity Weekly Report!!!6thMay 2013 to 11thMay 2013
  • 2. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)2 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966Next Week Economic Event
  • 3. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)3 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966COMEX BULLIONS TECHNICAL LEVELSGOLD COMEX WEEKLY CHART & LEVELSWEEKLY CHART – COMEX GOLDJUSTIFICATIONSUPPORT: 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$is selling opportunity. Immediate Support @1400-1390$
  • 4. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)4 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966COMEX BULLIONS TECHNICAL LEVELSSILVER COMEX WEEKLY CHART & LEVELSWEEKLY CHART – COMEX SILVERJUSTIFICATIONSUPPORT: 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$
  • 5. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)5 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966NYMEX ENERGY TECHNICAL LEVELSCRUDEOIL NYMEX WEEKLY CHART & LEVELSWEEKLY CHARTS – NYMEX CRUDEOILJUSTIFICATIONSUPPORT: 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$
  • 6. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)6 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966NYMEX ENERGY TECHNICAL LEVELSNATURAL GAS NYMEX WEEKLY CHART & LEVELSWEEKLY CHARTS – NYMEX NATURAL GASJUSTIFICATIONSUPPORT: 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 majorsupport @3.450$. Hence Sell Natural Gas below 3.970$
  • 7. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)7 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966COMEX BASE METAL TECHNICAL LEVELSCOPPER COMEX WEEKLY CHART & LEVELSWEEKLY CHARTS – COPPER COMEXJUSTIFICATIONSUPPORT: 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 higherlevels. Support lies @3.0455$ and below this level copper may enter into bearish phase.
  • 8. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)8 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966COMEX BASE METAL TECHNICAL LEVELSNICKEL COMEX WEEKLY CHART & LEVELSWEEKLY CHARTS – NICKEL COMEXJUSTIFICATIONSUPPORT: Immediate Strong Support 14000$RESISTANCE: Immediate Resistance @15150$Trading Strategy:NICKEL COMEX resistance @15150 and may head to towards lower level @14000$. If traders Above 15200$ mayhead towards 15900$ and @15900$ may again face selling pressure.
  • 9. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)9 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966COMEX BASE METAL TECHNICAL LEVELSLEAD COMEX WEEKLY CHART & LEVELSWEEKLY CHARTS – LEAD COMEXJUSTIFICATIONSUPPORT: 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 towardshigher levels @2080 and @2160. If head towards 1980$ will be a buying opportunity. Below 1970$ Lead may enterinto bearish zone.
  • 10. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)10 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966COMEX BASE METAL TECHNICAL LEVELSALUMINIUM COMEX WEEKLY CHART & LEVELSWEEKLY CHARTS – ALUMINIUM COMEXJUSTIFICATIONSUPPORT: 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 levelsfrom current levels @1887 to 1920 and 1950$ in this week.
  • 11. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)11 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966LAST WEEK U.S. PERSONAL INCOME AND OUTLAY DATA IMPACTHighlightsPersonal income for March came in a little softer than expected while spending posted marginally higher. Personal income rose0.2 percent after a 1.1 percent boost the month before. Analysts projected a 0.4 percent increase. The important wages andsalaries component advanced 0.2 percent, following a 0.7 percent gain in February. Large monthly swings in income growthcontinued 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 withdurables and nondurables down. Expectations were for an overall 0.1 percent rise. In more detail, durables slipped 0.2 percentafter 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 monthbefore.Turning to inflation, the PCE price index declined 0.1 percent, following a 0.4 percent jump in February. Expectations were for a0.1 percent increase. The core PCE price index was unchanged after a 0.1 percent rise in February. The median forecast was fora 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 theFeds loose monetary policy in play.
  • 12. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)12 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966LAST WEEK U.S. CONSUMER PRICE INDEX DATA IMPACTHighlightsJobless claims are moving surprisingly lower and there are no special factors to explain away the improvement. Initial claims fell18,000 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 recoverylow 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 thelowest 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 anew recovery low of 3.056 million. The unemployment rate for insured workers remains at a recovery low of 2.3 percent for asecond straight week.This report is certain to be a positive for the jobs outlook and for todays market, but shouldnt affect expectations for tomorrowsApril employment report which was sampled two weeks ago showing, in sharp contrast to the last two weeks of data, decidedlyunfavorable comparisons with the March sampling week.
  • 13. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)13 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966LAST WEEK U.S. EMPLOYMENT SITUATION DATA IMPACTHighlightsThe numbers are still soft but April employment beat expectations and there were upward revisions. Total payroll jobs in Aprilincreased a somewhat improved 165,000 after rising a revised 138,000 in March (originally up 88,000). Market expectations werefor a 153,000 gain for April. The net revisions for February and March were up 114,000. The unemployment rate slipped to 7.5percent 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 werefor a 175,000 boost.In the private sector, relative strength again was in the private service-providing sector. Service-providing jobs increased 185,000after a 139,000 rise in March. The April boost was led by subcomponents for temporary help services (up 31,000), professionaland 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 6,000in 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 after a lousy March. Average hourly earnings rose 0.2 percent, following no change in March. The medianforecast was for a 0.2 percent advance. On the negative side, the average workweek edged down to 34.4 hours in April from34.6 hours the month before. The market consensus was for 34.6 hours.Turning to detail for the household survey, household employment in April rebounded 296,000 after a 260,000 drop the monthbefore. The labor force increased 210,000, following a 496,000 drop in March.Overall, the bottom line is that the labor market is not as scary as reported in March. However, it is still soft but a little better thanforecast. This report likely will not change Fed thinking on quantitative easing as unemployment is still high and job growth is stillsluggish. On the news, equity futures firmed.
  • 14. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)14 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966DISCLAIMERThe information and views in this report, our website & all the service we provide are believed to be reliable, but wedo not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose theproduct/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein isbased on analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report doesnot provide individually tailor-made investment advice. Epic research recommends that investors independentlyevaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.Epic research shall not be responsible for any transaction conducted based on the information given in this report,which is in violation of rules and regulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epicresearch might be holding positions in the stocks recommended. It is understood that anyone who is browsingthrough the site has done so at his free will and does not read any views expressed as a recommendation for whicheither the site or its owners or anyone can be held responsible for . Any surfing and reading of the information isthe acceptance of this disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any lossincurred whatsoever for any financial profits or loss which may arise from the recommendations above epicresearch does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid OrUnpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or AnyInformation Provided by us to/with anyone which is received directly or indirectly by them. If found so then SeriousLegal Actions can be taken.
  • 15. COMEX Weekly News Letter(06 May 2013 to 11 May 2013)15 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966CONTACT US:http://www.epicresearch.coEpic Research Private Limited Corporate Office411 Milinda Manor (Suites 409 - 417)2 RNT Marg Opp. Central MallIndore (M.P.)Hotline: +91 731 664 2300 / 2427 / 2230Alternate: +91 731 664 2320 / 2226+91 97521 99966Or give us a missed call at 026 5309 0639

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