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WEEKLY COMMODITY REPORT 21ST JANAURY 2013
WWW.EPICRESEARCH.CO 9752199966
WWW.EPICRESEARCH.CO 9752199966
HEADLINES
Gold slightly lower after weak U.S. consumer
data.
Gold prices were slightly lower on as weak U.S.
consumer sentiment data offset earlier strength
following positive economic data from China, the
world's second-biggest economy. Gold pushed to a high
of $1,694.90 in early trade, close to the previous
session's one-month peak, but retreated ahead of the
long U.S. holiday weekend after U.S. data showed
consumer sentiment at its lowest in more than a year.
Equity markets and oil prices rebounded after U.S.
House Republican leaders said they would seek to
break a government budget impasse next week.
Copper gains on upbeat China economic data.
Copper rose on and was on track to close the week with
small gains, bolstered by better-than-expected fourth
quarter growth in top consumer China's economy, but
concerns about U.S. debt and supply surpluses kept
gains in check. China's economy grew at a slightly
faster-than-expected 7.9 percent in the fourth quarter
of 2012, the latest sign it is pulling out of a post-global
financial crisis slowdown that produced its weakest
year of economic growth since 1999.
TRADING TIP:
Buy Crude Oil Jan
Above 5190
TGTS-5250/5300
SL-5150
Buy Copper Feb
Above 436
TGTS-430/425
SL- 440
MCX WEEKLY GOLD CHART
WWW.EPICRESEARCH.CO 9752199966
ANALYSIS
OPEN: 30800
HIGH: 30934
LOW: 30530
CLOSE: 30581
GOLD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MCX WEEKLY SILVER CHART
ANALYSIS
OPEN: 58300
HIGH: 59787
LOW: 58300
CLOSE: 59378
SILVER LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MCX WEEKLY COPPER CHART
ANALYSIS
OPEN: 445.95
HIGH: 447.80
LOW: 435.30
CLOSE: 438.65
COPPER LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
WWW.EPICRESEARCH.CO 9993959693 WWW.EPICRESEARCH.CO 9752199966
MCX WEEKLY CRUDE OIL CHART
ANALYSIS
OPEN: 5140
HIGH: 5188
LOW: 5077
CLOSE: 5164
CRUDE OIL LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
www.epicresearch.co 9752199966
COMEX WEEKLY SILVER CHART
ANALYSIS
OPEN: 30.41
HIGH: 32.10
LOW: 30.36
CLOSE: 31.83
COMEX SILVER LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
www.epicresearch.co 9752199966
COMEX WEEKLY GOLD CHART
ANALYSIS
OPEN: 1661.01
HIGH: 1696.80
LOW: 1658.80
CLOSE: 1684.07
COMEX GOLD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
www.epicresearch.co 9752199966
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