Daily comex market analysis report by epic research 9th april 2014

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DAILY COMEX COMMODITY REPORT

09th APRIL-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1310.10 11.40 0.88% JUNE-14

GOLD SPOT USD/T OZ. 1308.34 11.32 0.87% N/A

COMEX SILVER USD/T OZ. 20.03 0.10 0.50% MAY-14

SILVER SPOT USD/T OZ. 20.03 0.18 0.91% N/A

COMEX COPPER USD/LB. 3.0550 0.0210 0.69% MAY-14

PALTINUM SPOT USD/T OZ. 1436.75 11.50 0.81% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 102.33 1.55 1.54% MAY-14

CRUDE OIL(BRENT) USD/BBL. 107.56 1.59 1.50% MAY-14

NY. NATURAL GAS USD/MMBTU 4.551 0.080 1.79% MAY-14

NY. HEATING OIL USD/GAL. 292.75 3.37 1.16% MAY-14


DAILY MARKET OUTLOOK

09th APRIL-2014

COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2

GOLD(APR-14) 1289.83 1299.97 1307.33 1317.47 1324.83

SILVER(MAY-14) 19.74 19.88 20.03 20.17 20.32

WTICRUDEOIL(APR-14) 99.98 101.15 101.93 103.10 103.88

NATURALGAS(APR-14) 4.424 4.487 4.527 4.590 4.630

COPPER(MAY-14) 3.0117 3.0333 3.0477 3.0693 3.0837

LME BASE METALS OFFICIAL PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY)

METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT)

ALUMINIUM 1793.50 -16.50 -0.91% ALUMINIUM 250

COPPER 6610.50 -66.50 -1.00% COPPER -1975

LEAD 2022.00 -24.00 -1.17% LEAD 375

ZINC 1986.00 -12.50 -0.63% ZINC -3050

NICKEL 16470.00 -45.00 -0.27% NICKEL 588

TIN 23125.00 -60.00 -0.26% TIN -75


DAILY SUPPORT & RESISTANCE

09th APRIL-2014


• Gold prices in Asia Wednesday held gains as investors expressed geopolitical jitters and eyed the U.S. Federal Reserve for clues on thedirection of the dollar. On the Comex division of the New York Mercantile Exchange, gold for June delivery traded at $1,309.90 a troy ounce, up 0.06%, after hitting an overnight session high of $1,314.70 and up from a low of $1,296.80. Overnight, gold prices rose as expectations that the minutes from the Federal Reserve's March policy meeting to be released Wednesday will reveal dovish language and a less-than-stellar take on U.S. recovery.

• Silver for May delivery was down 0.14% to 20.028 a troy ounce, while copper for May delivery was up 0.09% and trading at $3.056 a pound.

• Crude oil prices eased in Asia on Wednesday in a bout of profit-taking after a report U.S. output this year and next may be less than expected initially boosted the commodity, but industry data subsequently presented a bearish near-term stocks view. On the New York Mercantile Exchange, West Texas Intermediate crudeoil for delivery in May traded at $102.34 a barrel, down 0.22%, after hitting an overnight session low of $100.67 a barrel and a high of $102.49 a barrel.

• Brent crude on the ICE futures exchange rose $1.85, or 1.8%, to $107.67 a barrel on Tuesday.

• Natural gas prices jumped up on Tuesday as updated weather-forecasting models called for cool temperatures to settle in as a spring storm treks across the central and eastern U.S. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.539 per million British thermal units during U.S. trading, up 1.40%. The commodity hit session high of $4.551 and a low of $4.461. The May contract settled down 0.83% on Monday to end at $4.476 per million British thermal units.

• Base metals prices rose in premarket trading on Tuesday on short-covering, although volumes on Select remain weak despite the returnof China to the market after a one-day holiday on Monday just 4,500 lots have changed hands so far.The copper price at $6,697 per tonne was up $23 on Monday’s close but down from its earlier session high of $6,710. Stocks continued to extend lower, dropping a net 1,975 tonnes to 252,600 tonnes, with cancelled warrants at 115,525 tonnes, down 2,025 tonnes. Aliminium is finding resistance at $1,850 but recent trade at $1,830 was still up $13. Stock movements were limited today following the hefty moves of recent sessions - stocks rose 250 tonnes to 5,355,925 tonne, while cancelled warrants were down just 775 tonnes to 2,903,050 tonnes. The Lead price was $3 higher at $2,068 although stocks climbed 375 tonnes to 202,400 tonnes and zinc at $2,014 was $12 higher - stocks fell 3,50 tonnes to 824,325 tonnes and cancelled warrants rose 8,250 tonnes to 178,425 tonnes. Nickel at $16,430 was $20 higher even though stocks increased 588 tonnes to 281,598 tonnes. Tin at $23,232 was up just $7 following a 75-tonne decrease in stocks to 9,420 tonnes.

INTERNATIONAL COMMODITY NEWS

09th APRIL-2014


EPIC DAILY TOP PICKS

09th APRIL-2014

WTICRUDEOIL-NYMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 102.35. If it sustain above the level of 102.37, it can touch the level of 102.87 & 103.49 respectively. If it breaks

the level of 101.13, it can touch the level of 100.63 & 100.01 respectively.

BUY WTICRUDEOIL-NYMEX ABOVE 102.37 TGTS 102.87, 103.49 SL 101.72.

SELL WTICRUDEOIL-NYMEX BELOW 101.13 TGTS 100.63, 100.01 SL 101.78.


TODAY'S ECONOMIC EVENTS

09th APRIL-2014

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Daily comex market analysis report by epic research 9th april 2014

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