8 NEWS RADAR Gold settled at the highest price in almost three weeks on Monday after renewed worries about the health of Europes financial system pushed investors into the perceived safe-haven metal.The most actively traded contract, for April delivery, rose $12, or 0.8%, to settle at $1,604.60 a troy ounce on the Comex division of the New York Mercantile Exchange, the highest settlement since Feb. 26.Global markets were rocked by the details released over the weekend about a proposed 10 billion euro ($12.92 billion) bailout of Cyprus by the European Commission, the European Central Bank and the International Monetary Fund. The harsh conditions imposed on the Mediterranean island included a levy on bank deposits of between 3% and 15%.In response, the euro slumped to a three-month low against the U.S. dollar, and global equities markets pulled back. TRADING TIPS EXPERT OPINION SELL GOLD AROUND 1606 GOLD LOOKS BEARISH TGS 1600/1594 SL 1612 SILVER LOOKS BEARISH SELL SILVER AROUND 28.60 CRUDE OIL LOOKS BULLISH TGS 28.40/28.20 SL 28.80 COPPER LOOKS BEARISH SELL COPPER AROUND NGAS LOOKS BEARISH 3.4300 TGS 3.4100/3.3900 LEAD LOOKS BEARISH SL 3.4500 NICKEL LOOKS BEARISH BUY CRUDE AROUND 93.58 ALUMINIUM LOOKS BEARSIH TGS 93.80/94.00 SL 92.30 ZINC LOOKS BEARISH
GOLD HOURLY CHARTS1 S2 R1 R21600 1594 1614 1620 GOLD LOOKS BULLISH BUY AROUND 1608.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1614.00 LEVEL AND MAINTAINING SL OF 1602.00
SILVER HOURLY CHART S1 S2 R1 R228.60 28.40 29.00 29.20 SILVER LOOKS BULLISH BUY AROUND 28.90 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 29.10 LEVEL AND MAINTAINING SL OF 28.70
COPPER HOURLY CHART S1 S2 R1 R23.4100 3.3900 3.4500 3.4700 COPPER LOOKS BEARISH SELL BELOW 3.4200 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4000 LEVEL AND MAINTAINING SL OF 3.4400 0
CRUDE OIL HOURLY CHART S1 S2 R1 R293.65 93.45 94.00 94.10 CRUDE LOOKS BULLISH BUY AROUND 93.10 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 93.30 LEVEL AND MAINTAINING SL OF 92.90
MARKET STATISTICS OPEN HIGH LOW CLOSE GOLD 1613.30 1614.53 1601.46 1605.87 SILVER 28.90 28.99 28.61 28.79 CRUDE 92.18 93.26 92.10 92.65 COPPER 3.4293 3.4813 3.4260 3.4398 NGAS 3.961 3.971 3.880 3.948ALUMINIUM 1934.63 1954.51 1933.88 1941.26 LEAD 2166.75 2189.25 2166.25 2184.75 NICKEL 16580.00 16860.50 16551.00 16822.50 ECONOMIC CALENDAR DATE CURRENCY FORECAST PREVIOUSMar 22 GBP German Ifo Business Climate 107.8 107.4Mar 22 USD Belgium NBB Business Climate -10.3 -11.0
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