Daily comex trading report by epic research 20 march 2014

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DAILY COMEX COMMODITY REPORT

20th MARCH-2014

DAILY MARKET OUTLOOK

26th FEBRUARY-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1331.60 -9.70 -0.72% APR-14

GOLD SPOT USD/T OZ. 1331.76 2.17 0.16% N/A

COMEX SILVER USD/T OZ. 20.67 -0.19 -0.92% MAY-14

COMEX COPPER USD/LB. 296.65 1.50 0.51% MAY-14

PALTINUM SPOT USD/T OZ. 1450.00 2.50 0.17% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 100.55 0.18 0.18% APR-14

CRUDE OIL(BRENT) USD/BBL. 106.13 0.28 0.26% APR-14

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

RBOB GASOLINE USD/GAL. 287.00 -3.28 -1.13% APR-14

NY. HEATING OIL USD/GAL. 290.30 -1.25 -0.43% APR-14


DAILY MARKET OUTLOOK

20th MARCH-2014

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

GOLD(APR-14) 1304.63 1316.77 1338.43 1350.57 1372.23

SILVER(MAY-14) 20.24 20.43 20.70 20.89 21.16

WTICRUDEOIL(APR-14) 98.05 98.60 98.92 99.47 99.79

NATURALGAS(APR-14) 4.382 4.426 4.465 4.509 4.548

COPPER(MAY-14) 2.8350 2.9140 2.9560 3.0350 3.0770

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

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

ALUMINIUM 1715.50 ALUMINIUM 208125

COPPER 6435.50 COPPER -2025

LEAD 2061.00 LEAD -625

ZINC 1964.00 ZINC -2025

NICKEL 16145.00 NICKEL 366

TIN 23225.00 TIN 95


DAILY SUPPORT & RESISTANCE

20th MARCH-2014


• Gold prices eased further in Asia on Thursday on continued reaction to the Federal Reserve announcement overnight that it was trimming its monthly bond-buying program to $55 billion from $65 billion. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,328.20 a troy ounce, down 0.98%, after hitting an overnight session low of $1,3330.90 and off a high of $1,360.10.

• Silver for May delivery was down 0.97% at US$20.625 a troy ounce, while copper futures for May delivery rose 0.27% at US$2.992 a pound.

• Crude oil prices in Asia were flat on Thursday after gains overnight on prospects for economic growth in the United States lifting demandand leading to a stronger dollar, offsetting a bearish report on U.S. crude stock levels. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in May traded at $99.14 a barrel, down 0.03%, after hitting an overnight session low of $98.36 a barrel and a high of $99.22 a barrel.

• Brent crude on the ICE futures exchange fell 94 cents, or 0.9%, to $105.85 a barrel on Wednesday.

• Natural gas futures rose on Wednesday after bottom fishers snapped up nicely-priced positions in the commodity and erased losses stemming from expectations that spring's mild temperatures will cut into demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.472 per million British thermal units during U.S. trading, up 0.35%. The commodity hit session high of $4.504 and a low of $4.421. The April contract settled down 1.76% on Tuesday to end at $4.456 per million British thermal units.

• Base metals prices traded fitfully during Wednesday's LME premarket, flitting around previous closing levels, while the wider short-term mood remained uncertain with major political and economic issues play out. The copper price fell away to trade at $6,436 per tonne, a $47 loss, with $6,400 vulnerable on the downside. Below here, the $6,376.25 near0four-year low hit last week is the target. Warehouse stocks fell a net 2,025 tonnes to 269,725 tonnes. Nickel climbed as high as $16,385 - the highest since April 2013 - supported by the dual supply worries of an Indonesian export ban and geopolitical tension surrounding Russia. It settled at an unchanged $16,190. The aluminium price was rocked when inventories surged a massive net 208,125 tonnes to hit 5,435,325 tonnes, the highest since January 29.the zinc price fell $15 to $1,964 even after stocks dropped 2,025 tonnes at 788,900 tonnes. Lead was $3.50 lower at $2.066, while stocks were down 625 tonnes at 201,050 tonnes. Tin held at an unchanged $23,170 - stocks were up 95 tonnes at 9,195 tonnes.

INTERNATIONAL COMMODITY NEWS

20th MARCH-2014


EPIC DAILY TOP PICKS

20th MARCH-2014

GOLD-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

GOLD-COMEX has closed @ 1329.29. If it breaks the level of 1327, it can touch the level of 1320 & 1310 respectively. If it sustain above the level of

1348, it can touch the level of 1355 & 1365 respectively.

SELL GOLD-COMEX BELOW 1327 TGTS 1320, 1310 SL 1342.

BUY GOLD-COMEX ABOVE 1348 TGTS 1355, 1365 SL 1333.


TODAY'S ECONOMIC EVENTS

20th MARCH-2014

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Daily comex trading report by epic research 20 march 2014

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