Daily comex trading report by epic research 13 march 2014

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YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY COMEX COMMODITY REPORT 13 th MARCH-2014 DAILY MARKET OUTLOOK 26 th FEBRUARY-2014

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Basic knowledge about the COMEX MARKET helps a trader to increase the percentage of the profit income and decrease the chances of the losses in the market. Epic Research helps the traders by delivering Comex Gold Live Tips and stay with confidence at any situation.

Transcript of Daily comex trading report by epic research 13 march 2014

Page 1: Daily comex trading report by epic research 13 march 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY COMEX COMMODITY REPORT

13th MARCH-2014

DAILY MARKET OUTLOOK

26th FEBRUARY-2014

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PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1371.20 24.50 1.82% APR-14

GOLD SPOT USD/T OZ. 1372.56 5.72 0.42% N/A

COMEX SILVER USD/T OZ. 21.38 0.02 0.08% MAY-14

COMEX COPPER USD/LB. 297.55 1.35 0.46% MAY-14

PALTINUM SPOT USD/T OZ. 1476.75 1.25 0.08% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 98.10 -1.93 -1.93% APR-14

CRUDE OIL(BRENT) USD/BBL. 108.28 0.26 0.24% APR-14

NY. NATURAL GAS USD/MMBTU 4.47 -0.02 -0.36% APR-14

RBOB GASOLINE USD/GAL. 295.69 -1.01 -0.34% APR-14

NY. HEATING OIL USD/GAL. 292.83 -3.27 -1.10% APR-14

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY MARKET OUTLOOK

13th MARCH-2014

Page 3: Daily comex trading report by epic research 13 march 2014

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

GOLD(APR-14) 1335.67 1351.13 1361.17 1376.63 1386.67

SILVER(MAY-14) 20.58 20.93 21.18 21.53 21.78

WTICRUDEOIL(APR-14) 96.40 97.26 98.42 99.28 100.44

NATURALGAS(APR-14) 4.338 4.405 4.516 4.583 4.694

COPPER(MAY-14) 2.8753 2.9157 2.9483 2.9887 3.0213

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

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

ALUMINIUM 1759.00 ALUMINIUM -9875

COPPER 6470.00 COPPER -2100

LEAD 2047.00 LEAD -225

ZINC 2006.00 ZINC 1325

NICKEL 15705.00 NICKEL -828

TIN 22950.00 TIN -105

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY SUPPORT & RESISTANCE

13th MARCH-2014

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YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

• Gold prices eased in early Asian trade on Thursday following sharp gains overnight as the standoff in the Ukraine escalated and bolstered gold's appeal as a safe-haven. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,365.70 a troy ounce, down 0.35%, after hitting an overnight session low of $1,345.70 and off a high of $1,371.20.

• Silver for May delivery was down 0.37% at US$21.278 a troy ounce, while copper futures for May delivery were up 0.08% at US$2.956 a pound.

• Crude oil prices gained in early Asian trade on Thursday, shrugging off bearish data overnight that revealed U.S. stockpiles shot up last week and sent the near-term contract to a one-month low, with the focus now on data from China on industrial output and retail sales. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at $98.14 a barrel, up 0.15%, after hitting an overnight session low of $97.57 a barrel and a high of $99.63 a barrel.

• Brent crude on the ICE futures exchange settled down 0.5%, at $108.02 a barrel on Wednesday.

• Natural gas futures extended Tuesday's losses into Wednesday as markets bet that the arrival of spring next week will bring mildertemperatures in the U.S. and curb demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.515 per million British thermal units during U.S. trading, down 1.97%. The commodity hit session high of $4.627 and a low of $4.450. The April contract settled down 0.99% on Tuesday to end at $4.605 per million British thermal units.

• Base metals prices were under pressure across the board during Wednesday LME premarket trading when the massive three-daysell-off in copper gathered further momentum, pulling other metals down in its slipstream. The business and movements focussed on copper, which touched $6,376.25, the lowest since July 1, 2010, down $98.75 from the weak Tuesday close, with volumes in excess of 22,000 lots already. It was recently at $6,403 per tonne.

• Lead extended Tuesday's declines, falling to $2,013.25 and then settling at $2,026, well down from the previous close of $2,049.50. The zinc price touched $1,982, a four-week low, and traded recently at $1,990, a $12 loss. The aluminium price eased to $1,748, a modest $3 loss. Nickel backtracked from the previous day's 11-month high to trade at $15,480, down $70 . The tin price hit $22,450 and then settled at $22,700, a $170 loss .

INTERNATIONAL COMMODITY NEWS

13th MARCH-2014

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YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

EPIC DAILY TOP PICKS

13th MARCH-2014

NATURAL GAS-NYMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

NATURAL GAS-NYMEX has closed @ 4.482. If it breaks the level of 4.440, it can touch the level of 4.395 & 4.346 respectively. If it sustain above the

level of 4.625, it can touch the level of 4.670 & 4.721 respectively.

SELL NATURAL GAS-NYMEX BELOW 4.440 TGTS 4.395, 4.346 SL 4.510.

BUY NATURAL GAS-NYMEX ABOVE 4.625 TGTS 4.670, 4.721 SL 4.555.

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YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

TODAY'S ECONOMIC EVENTS

13th MARCH-2014

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