DAILY COMEX COMMODITY REPORT 31st MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 31st MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1295.70
1.90
0.15%
APR-14
GOLD SPOT
USD/T OZ.
1290.95
-13.05
-1.00%
N/A
COMEX SILVER
USD/T OZ.
19.82
0.08
0.41%
MAY-14
SILVER SPOT
USD/T OZ.
19.69
-0.07
-0.35%
N/A
COMEX COPPER
USD/LB.
3.0400
0.0450
0.0450%
MAY-14
PALTINUM SPOT
USD/T OZ.
1396.25
-6.50
-0.46%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
101.60
0.24
0.24%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
107.64
0.67
0.63%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.482
-0.055
-1.21%
APR-14
NY. HEATING OIL
USD/GAL.
294.13
2.65
0.91%
APR-14
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DAILY SUPPORT & RESISTANCE 31st MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1280.83
1288.27
1293.83
1301.27
1306.83
SILVER(MAY-14)
19.49
19.65
19.79
19.95
20.09
WTICRUDEOIL(APR-14)
100.79
101.20
101.71
102.12
102.63
NATURALGAS(APR-14)
4.420
4.451
4.509
4.540
4.598
COPPER(MAY-14)
2.9740
3.0070
3.0270
3.0600
3.0800
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1752.00
ALUMINIUM
-6150
COPPER
6654.00
COPPER
-1350
LEAD
2080.50
LEAD
-25
ZINC
1989.5
ZINC
1750
NICKEL
15805.00
NICKEL
-1212
TIN
22950.00
TIN
UNCHANGED
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INTERNATIONAL COMMODITY NEWS 31st MARCH-2014
•
Gold prices edged lower on Friday after upbeat personal spending data bolstered the dollar by cementing expectations for the Federal Reserve to wind down monthly asset purchases this year and begin hiking benchmark interest rates in 2015, though bottom fishing trimmed losses. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,294.50 a troy ounce during U.S. trading, down 0.02%, up from a session low of $1,286.40 and off a high of $1,299.40. The June contract settled down 0.66% at $1,294.80 on Thursday.
•
Silver for May delivery was up 0.41% at US$19.788 a troy ounce, while copper futures for May delivery were up 1.60% at US$3.041 a pound.
•
Upbeat U.S. personal spending data sent oil prices climbing on Friday, as investors bet an improving U.S. economy will demand more fuel and energy going forward. On the New York Mercantile Exchange, West Texas Intermediate crudeoil for delivery in May traded at $101.81 a barrel during U.S. trading, up 0.52%. New York-traded oil futures hit a session low of $101.19 a barrel and a high of $102.23 a barrel.The May contract settled up 1.02% at $101.28 a barrel on Thursday.
•
The ICE Futures Exchange in London, Brent oil futures for May delivery were up 0.13%, trading at US$107.98 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$6.17 a barrel.
•
Natural gas futures fell on Friday after investors locked in gains from Thursday's bullish U.S. supply report and sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.505 per million British thermal units during U.S. trading, down 0.74%. The commodity hit session high of $4.568 and a low of $4.481. The May contract settled up 3.25% on Thursday to end at $4.538 per million British thermal units.
•
Base metals prices were back in positive territory during Friday's pre-LME sessions, as the complex continued to build following positive data from the US yesterday. The copper price at $6,650 per tonne was up $90 or 1.4 percent on the previous day's close, with swift volumes on Select, as close to 9,000 lots have changed hands on Select so far. The aluminium price at $1,748 was $10 higher following a net 6,150-tonne reduction in stocks to 5,387,100 tonnes. The Lead price noted a $9 increase, while stocks fell a marginal 25 tonnes to 200,375 tonnes. Sister metal zinc at $1,989 was $17 higher despite stocks increasing 1,750 tonnes to 777,575 tonnes. Nickel has yet to climb above $16,000, last at $15,884 it was $179 higher. Stocks were 1,212 tonnes lower at 285,462 tonnes. Tin at $22,885 rose $85, stocks were stagnant at 9,545 and cancelled warrants increased 50 tonnes to 2,195 tonnes.
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EPIC DAILY TOP PICKS 31st MARCH-2014
NATURALGAS-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : NATURALGAS-NYMEX has closed @ 4.481. If it breaks the level of 4.477, it can touch the level of 4.437 & 4.383 respectively. If it sustain above the of 4.573, it can touch the level of 4.615 & 4.665 respectively. SELL NATURALGAS-NYMEX BELOW 4.477 TGTS 4.437, 4.383 SL 4.537. BUY NATURALGAS-NYMEX ABOVE 4.573 TGTS 4.615, 4.665 SL 4.513.
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TODAY'S ECONOMIC EVENTS 31st MARCH-2014
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