DAILY COMEX COMMODITY REPORT 03rd APRIL-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 03rd APRIL-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1291.10
9.50
0.74%
JUNE-14
GOLD SPOT
USD/T OZ.
1289.55
10.81
0.85%
N/A
COMEX SILVER
USD/T OZ.
20.01
0.25
1.27%
MAY-14
SILVER SPOT
USD/T OZ.
19.96
0.23
1.17%
N/A
COMEX COPPER
USD/LB.
3.0370
0.0000
0.00%
MAY-14
PALTINUM SPOT
USD/T OZ.
1434.75
12.75
0.90%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
99.31
-0.30
-0.30%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
104.69
-0.57
-0.54%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.374
0.125
2.94%
MAY-14
NY. HEATING OIL
USD/GAL.
286.60
-1.66
-0.58%
MAY-14
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DAILY SUPPORT & RESISTANCE 03rd APRIL-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1275.03
1283.07
1288.93
1296.97
1302.83
SILVER(MAY-14)
19.56
19.79
19.96
20.19
20.36
WTICRUDEOIL(APR-14)
98.38
98.85
99.33
99.80
100.28
NATURALGAS(APR-14)
4.165
4.270
4.326
4.431
4.487
COPPER(MAY-14)
3.0057
3.0213
3.0477
3.0633
3.0897
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1816.50
ALUMINIUM
-6425
COPPER
6707.00
COPPER
-1875
LEAD
2058.50
LEAD
UNCHANGED
ZINC
1985.00
ZINC
5500
NICKEL
16175.00
NICKEL
-276
TIN
23125.00
TIN
UNCHANGED
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INTERNATIONAL COMMODITY NEWS 03rd APRIL-2014
•
Gold prices were steady to higher in Asian trade on Thursday with physical demand offering support. On the Comex division of the New York Mercantile Exchange, gold for June delivery traded at $1,291.10 a troy ounce, up 0.02%, after hitting an overnight session high of $1,294.80 and up from a low of $1,278.80
•
Silver for May delivery was down 0.25% and trading $20.000 a troy ounce, while copper for May delivery was down 0.13% and trading at $3.035 a pound.
•
Crude oil prices in Asia fell early Thursday after a drop in U.S. supply failed to erase concerns about sluggish demand and resumptions of exports by Libya and traders said it was an abberation because a closure of the Houston Ship Channel between March 22 and March 25 limited imports of crude, prompting stock drawdowns. On the New York Mercantile Exchange, West Texas Intermediate crudeoil for delivery in May traded at $99.31 a barrel, down 0.32%, after hitting an overnight session low of $98.87 a barrel and a high of $99.82 a barrel.
•
Brent crude on ICE Futures Europe fell 0.8% to $104.79 a barrel, a near five-month low, on concerns that a blockade on Libyan export terminals could end, adding supplies to the global market.
•
Natural gas futures bounced up in Wednesday trading as investors viewed the commodity as an attractive buy, oversold in a selloff fueled by recent forecasts for mild springtime weather across the U.S. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.372 per million British thermal units during U.S. trading, up 2.25%. The commodity hit session high of $4.377 and a low of $4.222. The May contract settled down 2.17% on Tuesday to end at $4.276 per million British thermal units.
•
Base metals prices moved higher during Wednesday LME trading, maintained by strength in copper after news of a major earthquake off the Chilean coast and a technical jump in aluminium. In the metals, the copper price was last at $6,692 per tonne, up $32, with business earlier as high as $6,728.75. The aluminium price rose as high as $1,820 after buy-stops were triggered above $1,800 - the metal also rose above the 200-day moving average - with recent trade at $1,814, up $18. Inventories dropped 6,425 tonnes to 5,368,925 tonnes, the lowest since March 18. Zinc traded at $1,977, up $12. Stocks rose 5,500 tonnes to 839,075 tonnes, the highest since early-February - 8,900 tonnes were warranted in Antwerp. Lead was last at $2,052, a $5 advance, with stocks unchanged at 201,650 tonnes. Tin traded at $23,051, up $101 - inventories were static at 9,555 tonnes. The nickel price climbed to $16,120, up $95, while stocks dropped 276 tonnes to 283,680 tonnes.
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EPIC DAILY TOP PICKS 03rd APRIL-2014
WTICRUDEOIL-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : WTICRUDEOIL-NYMEX has closed @ 99.26. If it breaks the level of 99.25, it can touch the level of 98.76 & 98.05 respectively. If it sustain above the level of 100.40, it can touch the level of 100.90 & 101.61 respectively. SELL WTICRUDEOIL-NYMEX BELOW 99.25 TGTS 98.76, 98.05 SL 99.95. BUY WTICRUDEOIL-NYMEX ABOVE 100.40 TGTS 100.90, 101.61 SL 99.70.
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TODAY'S ECONOMIC EVENTS 03rd APRIL-2014
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