Published on March 6, 2014
DAILY COMEX COMMODITY REPORT 06th MARCH-2014 DAILY MARKET OUTLOOK 26th FEBRUARY-2014 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY MARKET OUTLOOK 06th MARCH-2014 PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1338.00 -2.30 -0.17% APR-14 GOLD SPOT USD/T OZ. 1337.47 0.61 0.05% N/A COMEX SILVER USD/T OZ. 21.25 0.03 0.13% MAY-14 COMEX COPPER USD/LB. 319.50 -1.95 -0.61% MAY-14 PALTINUM SPOT USD/T OZ. 1476.38 -1.87 -0.13% N/A ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 101.08 -0.37 -0.36% APR-14 CRUDE OIL(BRENT) USD/BBL. 107.87 0.11 0.10% APR-14 NY. NATURAL GAS USD/MMBTU 4.57 0.05 0.99% APR-14 RBOB GASOLINE USD/GAL. 293.67 -4.86 -1.63% APR-14 NY. HEATING OIL USD/GAL. 298.50 -5.57 -1.83% APR-14 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY SUPPORT & RESISTANCE 06th MARCH-2014 COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD(APR-14) 1327.93 1332.07 1337.03 1341.17 1346.13 SILVER(MAY-14) 21.06 21.13 21.23 21.30 21.40 WTICRUDEOIL(APR-14) 99.12 100.04 101.79 102.71 104.46 NATURALGAS(APR-14) 4.386 4.478 4.599 4.691 4.812 COPPER(MAY-14) 3.1793 3.1917 3.2113 3.2237 3.2433 LME BASE METALS 3rd MONTH CONTRACT LME WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) METALS INVENTORY CHANGE (MT) ALUMINIUM 1786.00 ALUMINIUM -6800 COPPER 7055.00 COPPER 1475 LEAD 2150.00 LEAD UNCHANGED ZINC 2132.50 ZINC -4250 NICKEL 15335.00 NICKEL -198 TIN 23330.00 TIN 85 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
INTERNATIONAL COMMODITY NEWS 06th MARCH-2014 • Gold prices fell in Asia on Thursday on tensions easing between Russia and the Ukraine and continued profit taking from overnight leading the yellow metal lower on prospects for a weaker dollar. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at 1,337.30 a troy ounce, down 0.22%, from an overnight session low of $1,332.90 and off a high of $1,342.00. • silver for May delivery was down 0.13% at US$21.243 a troy ounce, while copper futures for May delivery were down 0.05% at US$3.201 a pound. • Crude prices fell on Wednesday after weekly supply data missed investor expectations, while waning fears of a Russian invasion into Ukraine that could threaten global supply pressured prices lower as well. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at $101.37 a barrel during U.S. trading, down 1.90%. New York-traded oil futures hit a session low of $101.31 a barrel and a high of $103.53 a barrel. The April contract settled down 1.52% at $103.33 a barrel on Tuesday. • the ICE Futures Exchange in London, Brent oil futures for April delivery were down 1.28% and trading at US$107.91 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$6.54 a barrel. • Natural gas futures slumped on Wednesday after investors braced for a warming trend across the eastern U.S. in March, which should prompt households to throttle back on heating and curb demand for the commodity. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.547 per million British thermal units during U.S. trading, down 2.57%. The commodity hit session high of $4.721 and a low of $4.533. The April contract settled up 3.90% on Tuesday to end at $4.667 per million British thermal units. • Base metals held onto Tuesday’s gains in Wednesday’s premarket on the return of risk appetite following an apparent easing of tension in Ukraine, while news out of China was also supportive. In the metals, copper rose $18.50 to $7,068 per tonne from Tuesday’s close. Inventories fell a net 1,525 tonnes to 273,675 tonnes, while cancelled warrants slipped 1,425 tonnes to 139,575 tonnes. • Zinc surged to a one-year high on Tuesday and remained strong today – it was $11 higher at $2,133, helped by CTA activity. Volumes at 8,100 lots have outpaced copper’s 7,100 lots. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
EPIC DAILY TOP PICKS 06th MARCH-2014 WTI-CRUDEOIL-NYMEX DAILY CANDLESTICK CHART TRADING STRATEGY : WTI-CRUDEOIL-NYMEX has closed @ 100.96. If it breaks the level of 101.00, it can touch the level of 100.49 & 99.78 respectively. If it sustain above the level of 102.30, it can touch the level of 102.94 & 103.72 respectively. SELL WTI-CRUDEOIL-NYMEX BELOW 101.00 TGTS 100.49, 99.78 SL 101.75. BUY WTI-CRUDEOIL-NYMEX ABOVE 102.30 TGTS 102.94, 103.72 SL 101.55. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
TODAY'S ECONOMIC EVENTS 06th MARCH-2014 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
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