18-April-2019 Metals Update
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Metals Update DAILY MARKET OUTLOOK PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1274.75
-2.35
-0.18
APR-19
COMEX SILVER
USD/T OZ.
14.908
-0.031
-0.21
MAY-19
COMEX COPPER
USD/LB.
2.955
-0.007
-0.24
MAY-19
PLATINUM
USD/T OZ.
889.40
-3.80
-0.43
APR-19
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
63.67
-0.09
-0.14
APR-19
CRUDE OIL(BRENT)
USD/BBL.
71.41
-0.21
-0.29
MAY-19
NY. NATURAL GAS
USD/MMBTU
2.506
0.001
0.04
APR-19
NY. HEATING OIL
USD/GAL.
2.0667
-0.0052
-0.25
APR-19
Metals Update DAILY SUPPORT & RESISTANCE COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD
1271.22
1273.79
1277.92
1280.49
1284.62
SILVER
14.787
14.865
14.961
15.039
15.135
WTI CRUDEOIL
63.07
63.40
63.99
64.32
64.91
NATURALGAS
2.452
2.480
2.531
2.559
2.610
COPPER
2.898
2.931
2.963
2.996
3.028
LME BASE METALS OFFICIAL CASH PRICES ( $/MT )
LM WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
CHANGE
% CHANGE
METALS
INVENTORY CHANGE ( MT )
ALUMINIUM
149.40
0.90
0.61
ALUMINIUM
-7525
COPPER
439.00
-7.00
-1.57
COPPER
-675
LEAD
132.35
-1..60
-1.19
LEAD
-700
ZINC
230.50
2.85
1.25
TIN
NA
TIN
1444.50
2.75
0.19
ZINC
3925
Metals Update INTERNATIONAL COMMODITY NEWS
The roof isn't falling in on China yet. At least not in the way gold bugs had hoped. But the dollar isn't reaching towering heights, so that's working out for the yellow metal. Bullion and gold futures were down again on Wednesday, but steadied after a two-day selloff that took the market to 2019 lows, with analysts saying the precious metal had as much chance of recovering in coming days as continuing with its recent rut due to mixed fundamentals. Spot gold, reflective of trades in bullion, was down $3.03, or 0.24%, at $1,273.82 per ounce by 3:19 PM ET (19:19 GMT). Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, settled the official session down just 40 cents, or 0.03%, to $1.276.80 per ounce. Gold fell earlier in the session on data showing China’s economic growth in the first quarter at 6.4% year over year versus market expectations for a 6.3% expansion. Ivanka Trump vowed support for initiatives to promote women in business on Wednesday, after visiting an Ivorian cocoa farm on the second leg of her African tour. U.S. President Donald Trump's daughter, who works as his adviser, was speaking at a forum on women's economic empowerment in Ivory Coast's main city of Abidjan. She arrived in Ivory Coast on Tuesday, after visiting Ethiopia. Ivanka is championing the Women's Global Development and Prosperity initiative, which officials have said aims to economically empower 50 million women by 2025. "It's a social justice issue, it's an economic issue, it's a defense issue, and it just plain makes sense," she said of women's economic empowerment in Africa. But she added that "there are substantial barriers," such as lack of access to capital for 70 percent of female business owners, and that women made up just 15 percent of land owners on the continent. Oil prices edged down on Thursday despite a surprise decline in U.S. inventories, with international benchmark Brent retreating from a five-month high touched in the previous session. Brent crude futures were at $71.51 a barrel at 0056 GMT, down 11 cents, or 0.2 percent, from their last close. Brent fell 0.1 percent on Wednesday, after earlier touching its highest since Nov. 8 at $72.27 a barrel. U.S. West Texas Intermediate (WTI) crude futures were at $63.67 per barrel, down 9 cents, or 0.1 percent, from their previous settlement. WTI closed the last session down 0.5 percent. "Prices are soft despite a surprise drawdown in U.S. inventories," ANZ Bank said in a research note. U.S. crude inventories fell by 1.4 million barrels in the week to April 12, compared with analyst expectations for an increase of 1.7 million barrels. Net U.S. crude imports last week dropped by 659,000 barrels per day (bpd).
Metals Update EPIC DAILY TOP PICKS GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY : BUY GOLD ABOVE 1280 TGT 1285 1295 SL BELOW 1270 SELL GOLD BELOW 1270 TGT 1265 1255 SL ABOVE 1280
Metals Update TODAY'S ECONOMIC EVENTS DISCLAIMER
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