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WEEKLY COMMODITY REPORT 11TH MARCH 2013

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HEADLINES
Gold flat after U.S. payrolls, palladium rises on demand hope. Gold traded flat, ending the week with a slight gain, after data showed improvement in the U.S. economy but not enough for the Federal Reserve to halt its stimulus, analysts said. Palladium rose more than 3 percent to a 19-month high as supply worries and booming auto demand sparked fund buying. Increased physical deliveries in U.S. palladium futures also suggested rising demand from end-users. Gold fell 1 percent earlier in the session after data showed U.S. employers added an encouraging 236,000 workers to their payrolls in February and the jobless rate dropped to a four-yearlow. Base metals deflate in run-up to US jobs report,

TRADING TIP:

Sell Silver May


Below 54760 TGTS-54400/54000 SL- 55000

Buy Crude Oil Mar Above 5011 TGTS-5040/5090 SL-4980

copper hit by stockpile increase Base metals gradually lost ground. LME premarket trading, repeating the pattern of the past few days, where through gains on in Asia were not sustained with and subsequently reversed. Metals continue to lack followtentative advances, short-term negativity offsetting wider financial market strength. Still, business was low-key and ranges narrow while financial markets marked time ahead of the US February jobs report.

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MCX WEEKLY GOLD CHART

ANALYSIS
OPEN: 29770 HIGH: 29770 LOW: 29111 CLOSE: 29345

GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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9752199966

MCX WEEKLY SILVER CHART

ANALYSIS
OPEN: 54240 HIGH: 55500 LOW: 53587 CLOSE: 54855

SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

MCX WEEKLY COPPER CHART

ANALYSIS
OPEN: 430.30 HIGH: 432.30 LOW: 424.00 CLOSE: 425.25

COPPER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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MCX WEEKLY CRUDE OIL CHART

ANALYSIS
OPEN: 5010 HIGH: 5010 LOW: 4925 CLOSE: 4991

CRUDE OIL LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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COMEX WEEKLY SILVER CHART

ANALYSIS
OPEN: 28.64 HIGH: 29.24 LOW: 28.32 CLOSE: 28.94

COMEX SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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9752199966

COMEX WEEKLY GOLD CHART

ANALYSIS
OPEN: 1578.38 HIGH: 1586.18 LOW: 1561.28 CLOSE: 1577.84

COMEX GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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