Daily comex research report by epic research for 09 june 2014

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DAILY COMEX COMMODITY REPORT

09th JUNE-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1253.30 0.00 0.00% AUG-14

GOLD SPOT USD/T OZ. 1252.78 -0.64 -0.05% N/A

COMEX SILVER USD/T OZ. 19.01 -0.02 -0.11% JULY-14

SILVER SPOT USD/T OZ. 18.99 -0.04 -0.21% N/A

COMEX COPPER USD/LB. 3.0550 -0.0380 -1.23% JULY-14

PALTINUM SPOT USD/T OZ. 1450.75 8.00 0.55% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 102.77 0.29 0.28% JULY-14

CRUDE OIL(BRENT) USD/BBL. 108.78 -0.11 -0.10% JULY-14

NY. NATURAL GAS USD/MMBTU 4.715 0.014 0.30% JULY-14

NY. HEATING OIL USD/GAL. 287.67 -0.30 -0.10% JULY-14


DAILY MARKET OUTLOOK

09th JUNE-2014

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

GOLD(AUG-14) 1239.90 1246.60 1252.40 1259.10 1264.90

SILVER(JULY-14) 18.72 18.86 19.03 19.17 19.34

WTICRUDEOIL(JULY-14) 101.94 102.36 102.71 103.13 103.48

NATURALGAS(JULY-14) 4.653 4.684 4.710 4.741 4.767

COPPER(JULY-14) 2.9903 3.0227 3.0583 3.0907 3.1263

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

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

ALUMINIUM 1817.00 -11.50 -0.63% ALUMINIUM -9800

COPPER 6660.50 -139.50 -2.05% COPPER -150

LEAD 2063.00 -17.00 -0.82% LEAD 1000

ZINC 2069.50 -24.50 -1.17% ZINC 1450

NICKEL 18465.00 -540.00 -2.84% NICKEL -324

TIN 23025.00 -215.00 -0.93% TIN 65


DAILY SUPPORT & RESISTANCE

09th JUNE-2014


INTERNATIONAL COMMODITY NEWS

09th JUNE-2014

• Gold futures fell on Friday after data revealed the U.S. economy saw an uptick in new job creation in May, though aEuropean Central Bank decision to loosen policy on Thursday cushioned the yellow metal's losses. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,252.20 a troy ounce during U.S. trading, down 0.09%, up from a session low of $1,246.10 and off a high of $1,257.60. The August contract settled up 0.72% at $1,253.30 on Thursday.

• Silver for July delivery was down 0.45% at $18.998 a troy ounce, while copper futures for July delivery were down 1.09% at $3.057 a pound.

• Crude oil prices eased slightly in Asia on Friday ahead of U.S. data expected to show a gain of 218,000 jobs, underpinning continued strength for the dollar. On the New York Mercantile Exchange, U.S. Crude oil for delivery inJuly traded at $102.45 a barrel, down 0.03%, after falling to a session low of $101.61 a barrel, the weakest level since May 21, before trimming losses.

• The ICE Brent oil contract erased early losses and rose 0.4% to $108.79, ending four straight losing sessions.

• Natural gas futures turned lower on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in July shed 0.59%, or 2.8 cents, to trade at $4.613 per million British thermal units during U.S. morning hours. Futures traded at $4.663 prior to the release of the supply data. Prices rose to a daily high of $4.688 per million British thermal units earlier, the most since May 8. Natural gas futures ended Wednesday’s session up 0.24%, or 1.1 cents, to settle at $4.640.


EPIC DAILY TOP PICKS

09th JUNE-2014

COPPER-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.0555. If it breaks the level of 3.0524, it can touch the level of 3.0424 & 3.0268 respectively. If it sustain above the

level of 3.0788, it can touch the level of 3.0888, 3.1035 respectively.

SELL COPPER-COMEX BELOW 3.0524 TGTS 3.0424, 3.0268 SL 3.0634.

BUY COPPER-COMEX ABOVE 3.0788 TGTS 3.0888, 3.1035 SL 3.0678.


TODAY'S ECONOMIC EVENTS

09th JUNE-2014

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Daily comex research report by epic research for 09 june 2014

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