Daily comex market report by epic research 4 march 2014

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DAILY COMEX COMMODITY REPORT

04th MARCH-2014

DAILY MARKET OUTLOOK

26th FEBRUARY-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1351.00 29.4 2.22% APR-14

GOLD SPOT USD/T OZ. 1350.74 0.13 0.01% N/A

COMEX SILVER USD/T OZ. 21.49 0.24 1.15% MAY-14

COMEX COPPER USD/LB. 317.00 -1.75 -0.55% MAY-14

PALTINUM SPOT USD/T OZ. 1455.50 -2.88 -0.20% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 104.82 -0.10 -0.10% APR-14

CRUDE OIL(BRENT) USD/BBL. 111.22 0.02 0.02% APR-14

NY. NATURAL GAS USD/MMBTU 4.53 0.04 0.78% APR-14

RBOB GASOLINE USD/GAL. 302.30 4.56 1.53% APR-14

NY. HEATING OIL USD/GAL. 308.32 6.69 2.22% APR-14


DAILY MARKET OUTLOOK

04th MARCH-2014

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

GOLD(APR-14) 1328.83 1339.87 1347.43 1358.47 1366.03

SILVER(MAY-14) 21.12 21.29 21.51 21.68 21.90

WTICRUDEOIL(APR-14) 102.99 103.83 104.52 105.36 106.05

NATURALGAS(APR-14) 4.297 4.405 4.570 4.678 4.843

COPPER(MAY-14) 3.1350 3.1540 3.1750 3.1940 3.2150

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

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

ALUMINIUM 1723.00 ALUMINIUM -7475

COPPER 6962.00 COPPER -2500

LEAD 2105.00 LEAD 550

ZINC 2057.50 ZINC -3775

NICKEL 14530.00 NICKEL 510

TIN 23525.00 TIN -350


DAILY SUPPORT & RESISTANCE

04th MARCH-2014


• Gold prices shot up on Monday amid safe-harbor demand from investors fleeing paper currencies due to the Ukraine crisis. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,352.20 a troy ounce during U.S. trading, up 2.32%, up from a session low of $1,331.30 and off a high of $1,355.00. The April contract settled down 0.77% at $1,321.60 on Friday.

• silver for May delivery was up 1.04% and trading at US$21.462 a troy ounce, while copper futures for May delivery were down 0.46% at US$3.173 a pound.

• Crude prices eased in Asia on Tuesday, but remain supported by tensions in the Crimea peninsula where neighboring Russia has sent troops. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at 104.82 a barrel, down 0.10%, after hitting an overnight session low of $103.36 a barrel and a high of $105.22 a barrel. Brent crude on the ICE futures exchange rose $2.13, or 2%, to $111.20 a barrel. Russia, the world's biggest oil producer, sent troops into Crimea, a peninsula in Ukraine. The move stoked fears that there could be a disruption in supply in both crude and refined oil products.

• Natural gas futures edged lower on Monday after updated weather-forecasting models called for a break infrigid temperatures across the portions of the eastern U.S. in the coming days. On the New York MercantileExchange, natural gas futures for delivery in April traded at $4.572 per million British thermal units during U.S. trading, down 0.80%. The commodity hit session high of $4.736 and a low of $4.530. The April contract settled up 2.17% on Friday to end at $4.609 per million British thermal units.

INTERNATIONAL COMMODITY NEWS

04th MARCH-2014


EPIC DAILY TOP PICKS

04th MARCH-2014

COPPER-COMEX (MAR-14) DAILY CANDLESTICK CHART

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.2170. If it breaks the

level of 3.2070, it can touch the level of 3.1921 & 3.1763

respectively. If it sustain above the level of 3.2566, it can

touch the level of 3.2710 & 3.2875 respectively.

SELL BELOW 3.2070 TGTS 3.1921, 3.1763 SL 3.2240.

BUY ABOVE 3.2566 TGTS 3.2710, 3.2875 SL 3.2396.

TIME COUNTRY EVENT FORECAST PREVIOUS

10:30 USD Total Vehicle Sales 15.40M 15.24M

14:23 EUR German Manufacturing PMI 54.7 54.7

14:28 EUR Manufacturing PMI 53.0 53.0

19:00 USD Core PCE Price Index (MoM) 0.1% 0.1%

19:00 USD Personal Income (MoM) 0.2% -

19:00 USD Personal Spending (MoM) 0.1% 0.4%

19:00 USD Real Personal Consumption (MoM) - 0.2%

19:28 USD Manufacturing PMI 56.6 56.7

20:30 USD Construction Spending (MoM) -0.5% 0.1%

20:30 USD ISM Manufacturing Employment 52.0 52.3

20:30 USD ISM Manufacturing PMI 52.0 51.3

20:30 USD ISM Manufacturing Prices 58.3 60.5


TODAY'S ECONOMIC EVENTS

04th MARCH-2014

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Daily comex market report by epic research 4 march 2014

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