Daily comex trading report by epic research 13 march 2014
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Transcript of 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
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
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DAILY MARKET OUTLOOK
13th 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
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DAILY SUPPORT & RESISTANCE
13th MARCH-2014
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• 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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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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TODAY'S ECONOMIC EVENTS
13th MARCH-2014
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