2. 8
Gold gains on physical demand, but ETF outflows persist
Gold edged higher, supported by strong physical demand after prices fell 1
percent the previous day, but gains are likely to be limited by persistent outflows
from exchange-traded funds. Spot gold rose 0.2 percent to $1,382.89 an ounce
after falling to $1,373.14. U.S. gold rose 0.3 percent to $1,382.50. Wall Street
rallied on Tuesday after data showed that U.S. consumer confidence in May was
the highest in more than 5 years, while home prices accelerated in March by the
most in nearly seven years. Bank of America Merrill Lynch lowered its gold and
silver price forecasts for 2013, citing weak fundamentals and lack of investment
buying. The bank now expects gold prices to average $1,478 an ounce in 2013, 12
percent below its prior forecast of$1,680.
Oil, copper up on optimism over economy, easy money
Oil and copper prices jumped on stronger U.S. consumer confidence and signs of
easier monetary policy from central banks, while yield-threatening crop weather
boosted corn and soybean futures. Gold fell as the growing appetite for risk
diminished the safe-haven pull in bullion. Arabica coffee also declined, hitting the
lowest price in more than 3-1/2 years due to bumper harvest expectations. The
Thomson Reuters-Jefferies CRB index, a bellwether for commodity prices, closed
up for the first time in five sessions, hitting a near one-week high. Ten of the
CRB's 19 components rose, with corn, soybeans and heating oil all gaining about 2
percent or more.
NEWS RADAR
3. S1 S2 R1 R2
1373 1361 1401 1418
GOLD HOURLY CHART
GOLD LOOKS BEARISH SELL BELOW 1379 LEVEL IS
SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 1365 LEVEL AND MAINTAINING SL
OF 1390.00
4. S1 S2 R1 R2
22.02 21.80 22.59 22.86
SILVER HOURLY CHART
SILVER LOOKS BELOW SELL BELOW 22.50 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 22.25 LEVEL AND MAINTAINING SL
OF 22.70
5. S1 S2 R1 R2
3.2858 3.2640 3.3348 3.3554
COPPER HOURLY CHART
COPPER LOOKS BEARISH SELL BELOW 3.2900
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 3.2700 LEVEL AND
MAINTAINING SL OF 3.3100
3
6. S1 S2 R1 R2
94.21 93.54 95.32 95.95
CRUDE OIL HOURLY CHART
CRUDE LOOKS BEARISH SELL AROUND 94.60 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 93.60 LEVEL AND MAINTAINING SL
OF 95.60
7. Disclaimer
The information and views in this report, our website & all the service we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the
right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained
herein is based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The
report does not provide individually tailor-made investment advice. Epic research recommends that
investors independently evaluate 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
information herein, together with all estimates and forecasts, can change without notice. Analyst or any
person related to epic research might be holding positions in the stocks recommended. It is understood
that anyone who is browsing through the site has done so at his free will and does not read any views
expressed as a recommendation for which either the site or its owners or anyone can be held
responsible for . Any surfing and reading of the information is the 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 loss incurred whatsoever for any financial profits or loss which may arise from the
recommendations above epic research does not purport to be an invitation or an offer to buy or sell any
financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to
forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is
received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
