Daily comex trading report by epic research 6 march 2014

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Information about Daily comex trading report by epic research 6 march 2014

Published on March 6, 2014

Author: EpicResearch

Source: slideshare.net

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

DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Research Analyst : Nilesh Jain YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

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