Daily comex market report by epic research 14 march 2014

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YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY COMEX COMMODITY REPORT 14 th MARCH-2014 DAILY MARKET OUTLOOK 26 th FEBRUARY-2014

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Transcript of Daily comex market report by epic research 14 march 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY COMEX COMMODITY REPORT

14th MARCH-2014

DAILY MARKET OUTLOOK

26th FEBRUARY-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1375.60 5.10 0.37% APR-14

GOLD SPOT USD/T OZ. 1374.90 4.62 0.34% N/A

COMEX SILVER USD/T OZ. 21.30 -0.06 -0.27% MAY-14

COMEX COPPER USD/LB. 292.85 -3.35 -1.13% MAY-14

PALTINUM SPOT USD/T OZ. 1480.00 3.56 0.24% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 98.20 0.21 0.21% APR-14

CRUDE OIL(BRENT) USD/BBL. 107.40 0.01 0.01% APR-14

NY. NATURAL GAS USD/MMBTU 4.35 -0.03 -0.75% APR-14

RBOB GASOLINE USD/GAL. 293.00 -2.58 -0.87% APR-14

NY. HEATING OIL USD/GAL. 292.63 0.08 0.03% APR-14

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DAILY MARKET OUTLOOK

14th MARCH-2014

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

GOLD(APR-14) 1361.00 1367.40 1371.40 1377.80 1381.80

SILVER(MAY-14) 20.91 21.08 21.27 21.44 21.63

WTICRUDEOIL(APR-14) 97.23 97.70 98.14 98.61 99.05

NATURALGAS(APR-14) 4.247 4.298 4.396 4.447 4.545

COPPER(MAY-14) 2.8757 2.8983 2.9377 2.9603 2.9997

LME BASE METALS 3rd MONTH CONTRACT LME WAREHOUSE STOCKS (INVENTORY)

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

ALUMINIUM 1745.50 ALUMINIUM -9875

COPPER 6460.50 COPPER -2100

LEAD 2033.00 LEAD -225

ZINC 1988.50 ZINC 1325

NICKEL 15775.00 NICKEL -828

TIN 22775.00 TIN -105

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DAILY SUPPORT & RESISTANCE

14th MARCH-2014

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• Gold prices rose marginally in Asia on Friday on continued support from geopolitical tension with Russia over the Crimean region of the Ukraine. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,373.70, up0.09%, after hitting an overnight session low of $1,365.00 and off a high of $1,375.40

• Silver for May delivery rose 0.22% at US$21.245 a troy ounce, while copper futures for May delivery were down 0.16% at US$2.918 a pound.

• Crude prices rose on Thursday after better-than-expected U.S. retail sales data sparked demand for the growth-sensitive commodity, though soft Chinese production figures capped gains. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at $98.35 a barrel during U.S. trading, up 0.37%. New York-traded oil futures hit a session low of $97.68 a barrel and a high of $98.60 a barrel. The April contract settled down 2.04% at $97.99 a barrel on Wednesday.

• The ICE Futures Exchange in London, Brent oil futures for May delivery were down 0.15% and trading at US$107.19 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$9.27 a barrel.

• Natural gas futures dropped on Thursday as the proximity of spring's arrival coupled with a lackluster supply report sent investors selling and jumping to the sidelines. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.407 per million British thermal units during U.S. trading, down 1.86%. The commodity hit session high of $4.496 and a low of $4.382. The April contract settled down 2.50% on Wednesday to end at $4.490 per million British thermal units.

• Base metals traded tentatively during Thursday's LME premarket, with prices having been reined in on the upside following below-forecast Chinese factory output data this morning. The copper price, initially above $6,500, backtracked to $6,436 per tonne, a $44 loss from the Wednesday close. Prices remain not far off a retest of the 44-month low of $6,376.25 hit yesterday. Zinc held a modest $2 gain at $1,990 as inventory falls resumed after five successive daily increases. Stocks were down 3,450 tonnes at 796,700 tonnes. The aluminium price fell back to $1,749, a $29.50 loss, but inventories were down 11,575 tonnes at 5,225,225 tonnes. Lead was $6 lower at $2,031, while stocks were down 700 tonnes at 202,400 tonnes. The tin price retreated to $22,700, a $250 loss, with stocks rising 15 tonnes to 9,050 tonnes, while nickel at $15,710 was up $60 - inventories rose 750 tonnes to 270,636 tonnes, however.

INTERNATIONAL COMMODITY NEWS

14th MARCH-2014

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EPIC DAILY TOP PICKS

14th MARCH-2014

BRENT-CRUDEOIL-NYMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

BRENT-CRUDEOIL-NYMEX has closed @ 107.37. If it breaks the level of 107.30, it can touch the level of 106.82 & 106.26 respectively. If it sustain

above the level of 108.47, it can touch the level of 108.95 & 109.58 respectively.

SELL BRENT-CRUDEOIL-NYMEX BELOW 107.30 TGTS 106.82, 106.26 SL 108.01.

BUY BRENT-CRUDEOIL-NYMEX ABOVE 108.47 TGTS 108.95, 109.58 SL 107.76.

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TODAY'S ECONOMIC EVENTS

14th MARCH-2014

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