Daily comex market report by epic research 19 march 2014

7
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY COMEX COMMODITY REPORT 19 th MARCH-2014 DAILY MARKET OUTLOOK 26 th FEBRUARY-2014

description

Epic Research offers several services in the form of packages which are planned so well that each one is good to fulfill the requirements of the traders investing in any section of the capital market. Thus enjoy the exclusive features of our service plans by connecting with us.

Transcript of Daily comex market report by epic research 19 march 2014

Page 1: Daily comex market report by epic research 19 march 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY COMEX COMMODITY REPORT

19th MARCH-2014

DAILY MARKET OUTLOOK

26th FEBRUARY-2014

Page 2: Daily comex market report by epic research 19 march 2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1358.50 -0.50 -0.04% APR-14

GOLD SPOT USD/T OZ. 1357.78 2.00 0.15% N/A

COMEX SILVER USD/T OZ. 20.90 -0.38 -1.79% MAY-14

COMEX COPPER USD/LB. 294.85 -0.35 -0.12% MAY-14

PALTINUM SPOT USD/T OZ. 1464.50 5.87 0.40% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 99.37 -0.33 -0.33% APR-14

CRUDE OIL(BRENT) USD/BBL. 106.59 -0.20 -0.19% APR-14

NY. NATURAL GAS USD/MMBTU 4.47 0.01 0.13% APR-14

RBOB GASOLINE USD/GAL. 289.40 1.29 0.45% APR-14

NY. HEATING OIL USD/GAL. 290.59 -0.96 -0.33% APR-14

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY MARKET OUTLOOK

19th MARCH-2014

Page 3: Daily comex market report by epic research 19 march 2014

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

GOLD(APR-14) 1341.93 1349.37 1358.63 1366.07 1375.33

SILVER(MAY-14) 20.30 20.57 20.91 21.18 21.52

WTICRUDEOIL(APR-14) 96.55 97.52 98.24 99.21 99.93

NATURALGAS(APR-14) 4.384 4.422 4.485 4.523 4.586

COPPER(MAY-14) 2.9090 2.9300 2.9610 2.9820 3.0130

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

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

ALUMINIUM 1732.50 ALUMINIUM -9275

COPPER 6450.50 COPPER 18375

LEAD 2051.00 LEAD -400

ZINC 1963.50 ZINC -3475

NICKEL 16125.00 NICKEL 120

TIN 23095.00 TIN -5

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY SUPPORT & RESISTANCE

19th MARCH-2014

Page 4: Daily comex market report by epic research 19 march 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

• Gold prices were nearly flat in Asia on Wednesday on Russia's assurance it wasn't out to annex the Ukraine, while mixed data in the U.S. overnight failed to convince investors the Federal Reserve was more likely to delay the pace at which it dismantles stimulus programs. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,358.30 a troy unce, down 0.05%, after hitting an overnight session low of $1,351.20 and off a high of $1,368.40.

• Silver for May delivery was down 0.01% at US$20.860 a troy ounce, while copper futures for May delivery were down 0.035% at US$2.943 a pound.

• Crude oil gave up overnight gains in Asia on Wednesday as industry data showed a solid gain in U.S. stocks, though news that a pipeline company would double the capacity connecting Oklahoma storage with Gulf Coast refineries sooner than previously expected offered support. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in May traded at $98.49 a barrel, down 0.40%, after hitting an overnight session low of $97.29 a barrel and a high of $98.97 a barrel.

• Brent crude on the ICE futures exchange rose 55 cents, or 0.5%, to $106.79 a barrel on Tuesday.

• Natural gas futures fell on Tuesday after investors locked in gains from a late-season cold snap and sold the commodity for profits on sentiments spring's milder temperatures will curb demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.462 per million British thermal units during U.S. trading, up 1.64%. The commodity hit session high of $4.549 and a low of $4.447. The April contract settled up 2.51% on Monday to end at $4.536 per million British thermal units.

• Base metals prices were in consolidation mode on Tuesday morning after the uptick noted early in the session proved to be short lived - the market is now treading water and looking for direction. The copper price at $6,479 per tonne was unchanged on the previous day's close, having failed to find a footing at its earlier session high of $6,570. The zinc price at $1,958 was down $8, while stocks and cancelled warrants were both down 3,475 tonnes. Nickel surged to a fresh 11-month high of $16,230 during the early-morning sessions amid fears of sanctions against Russia and the export ban in Indonesia - both of which would hit availability. The aluminium price at $1,729 was up $4.50 - stocks declined 9,275 tonnes to 5,227,200 tonnes. Lead at $2,047 was down $12, with a 400-tonne reduction in both stocks and cancelled warrants, while tin at $23,000 was $25 lower after inventories edged five tonnes lower to 9,100 tonnes.

INTERNATIONAL COMMODITY NEWS

19th MARCH-2014

Page 5: Daily comex market report by epic research 19 march 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

EPIC DAILY TOP PICKS

19th MARCH-2014

SILVER-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

SILVER-COMEX has closed @ 20.81. If it breaks the level of 20.77, it can touch the level of 20.62 & 20.46 respectively. If it sustain above the level of

21.22, it can touch the level of 21.37 & 21.54 respectively.

SELL SILVER-COMEX BELOW 20.77 TGTS 20.62, 20.46 SL 20.99.

BUY SILVER-COMEX ABOVE 21.22 TGTS 21.37, 21.54 SL 21.00.

Page 6: Daily comex market report by epic research 19 march 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

TODAY'S ECONOMIC EVENTS

19th MARCH-2014

Page 7: Daily comex market report by epic research 19 march 2014

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (orliability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that weconsider reliable.

This material is for personal information and based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-madeinvestment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek

the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is inviolation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates andforecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understoodthat anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the

site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profitsor loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial

instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any InformationProvided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

Research Analyst : Nilesh Jain

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DISCLAIMER