DAILY COMEX COMMODITY REPORT 07th APRIL-2014
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DAILY MARKET OUTLOOK 07th APRIL-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1303.70
18.30
1.42%
JUNE-14
GOLD SPOT
USD/T OZ.
1302.96
16.50
1.28%
N/A
COMEX SILVER
USD/T OZ.
19.95
0.14
0.71%
MAY-14
SILVER SPOT
USD/T OZ.
19.92
0.08
0.40%
N/A
COMEX COPPER
USD/LB.
3.0230
-0.0110
-0.36%
MAY-14
PALTINUM SPOT
USD/T OZ.
1446.08
5.83
0.40%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
101.11
0.77
0.77%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
106.64
0.44
0.41%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.421
-0.018
-0.41%
MAY-14
NY. HEATING OIL
USD/GAL.
290.76
0.57
0.20%
MAY-14
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DAILY SUPPORT & RESISTANCE 07th APRIL-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1275.90
1289.80
1298.40
1312.30
1320.90
SILVER(MAY-14)
19.54
19.75
19.98
20.19
20.42
WTICRUDEOIL(APR-14)
99.69
100.40
101.01
101.72
102.33
NATURALGAS(APR-14)
4.363
4.392
4.434
4.463
4.505
COPPER(MAY-14)
2.9850
3.0040
3.0320
3.0510
3.0790
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
CHANGE
% CHANGE
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1845.00
22.50
1.23%
ALUMINIUM
-4350
COPPER
6681.00
70.50
1.07%
COPPER
-2325
LEAD
2062.00
21.50
1.05%
LEAD
375
ZINC
2002.50
34.00
1.73%
ZINC
-3000
NICKEL
16575.00
375.00
2.31%
NICKEL
-990
TIN
23105.00
5.00
0.02%
TIN
UNCHANGED
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INTERNATIONAL COMMODITY NEWS 07th APRIL-2014
•
Gold prices shot up on Friday after a less-than-stellar March jobs report sent investors tweaking their estimations as to when the Federal Reserve will wind down stimulus programs that have supported the precious metal for years. On the Comex division of the New York Mercantile Exchange, Gold for June delivery was up 1.42% at $1,302.90, off a session high of $1,307.00 and up from a low of $1,284.50. The June contract settled down 0.48% at $1,284.60 on Thursday.
•
Silver for May delivery was up 0.64% and trading $19.932 a troy ounce, while copper for May delivery was down 0.30% and trading at $3.018 a pound.
•
Crude futures rose on Friday on a less-than-stellar but solid U.S. March jobs report as well as ongoing doubts as to whether armed protesters in Libya will allow oil exports to resume from seized ports. On the New York Mercantile Exchange, West Texas Intermediate crudeoil for delivery in May traded at $101.16 a barrel during U.S. trading, up 0.87%. New York-traded oil futures hit a session low of $100.30 a barrel and a high of $101.62 a barrel. The May contract settled up 0.67% at $100.29 a barrel on Thursday.
•
The ICE Futures Exchange in London, Brent oil futures for May delivery were up 0.44%, trading at US$106.62 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$5.46 a barrel.
•
Profit taking sent natural gas futures edging lower on Friday after investors locked in gains from Thursday's bullish supply report and sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.449 per million British thermal units during U.S. trading, down 0.48%. The commodity hit session high of $4.476 and a low of $4.405. The May contract settled up 2.43% on Thursday to end at $4.470 per million British thermal units.
•
Base metals prices probed higher during Friday LME premarket trading, shrugging off some of the caution and negativity that had been developing amid some signs of CTA and investment interest in market movers. The copper price touched $6,692 and then held at $6,684 per tonne, up $42 from Thursday's kerb close. Aluminium's technically driven surge continued - prices raced up to $1,849, the highest since November 4, before settling at $9 higher at $1,843. The nickel price extended its move back above $16,000 to hit $16,544, the highest since April 2, 2013. It traded recently at $16,500, up $205. Inventories fell for the sixth day in a row - down 990 tonnes at 281,946 tonnes. In others, Zinc business at $1,995 was up $12, with stocks down 3,000 tonnes at 831,700 tonnes. Lead rose to $2,064, a $9 gain, but there was a 375-tonne inventory increase. Tin at $23,225 was up $35 - stocks were static at 9,645 tonnes.
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EPIC DAILY TOP PICKS 07th APRIL-2014
COPPER-COMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : COPPER-COMEX has closed @ 3.0195. If it breaks the level of 3.0110, it can touch the level of 3.0000 & 2.9858 respectively. If it sustain above the level of 3.0335, it can touch the level of 3.0452 & 3.0605 respectively. SELL COPPER-COMEX BELOW 3.0110 TGTS 3.0000, 2.9858 SL 3.0240. BUY COPPER COMEX ABOVE 3.0335 TGTS 3.0452, 3.0605 SL 3.0205.
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TODAY'S ECONOMIC EVENTS 07th APRIL-2014
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