DAILY COMEX COMMODITY REPORT 04th APRIL-2014
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DAILY MARKET OUTLOOK 04th APRIL-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1285.40
-5.70
-0.44%
JUNE-14
GOLD SPOT
USD/T OZ.
1286.46
-3.09
-0.24%
N/A
COMEX SILVER
USD/T OZ.
19.81
-0.20
-1.00%
MAY-14
SILVER SPOT
USD/T OZ.
19.84
-0.12
-0.60%
N/A
COMEX COPPER
USD/LB.
3.0340
-0.0030
-0.10%
MAY-14
PALTINUM SPOT
USD/T OZ.
1440.25
5.50
0.38%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
100.34
1.03
1.04%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
106.20
1.51
1.44%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.439
0.065
1.49%
MAY-14
NY. HEATING OIL
USD/GAL.
290.19
3.59
1.25%
MAY-14
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DAILY SUPPORT & RESISTANCE 04th APRIL-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1274.87
1280.13
1287.17
1292.43
1299.47
SILVER(MAY-14)
19.44
19.62
19.85
20.03
20.26
WTICRUDEOIL(APR-14)
98.55
99.45
99.97
100.87
101.39
NATURALGAS(APR-14)
4.242
4.341
4.411
4.510
4.580
COPPER(MAY-14)
2.9973
3.0157
3.0273
3.0457
3.0573
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1822.50
ALUMINIUM
-9675
COPPER
6610.50
COPPER
-1275
LEAD
2040.50
LEAD
UNCHANGED
ZINC
1968.50
ZINC
-4375
NICKEL
16200.00
NICKEL
-744
TIN
23100.00
TIN
90
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INTERNATIONAL COMMODITY NEWS 04th APRIL-2014
•
Gold prices edged slightly higher in Asia on Friday in light bargain-hunting trade. On the Comex division of the New York Mercantile Exchange, gold for June delivery traded at $1,286.10 a troy ounce, up 0.12%, after hitting an overnight session high of $1,294.20 and up from a low of $1,281.90. Investors jumped into the safety of the dollar on Thursday to await the March jobs report on Friday, which sent gold prices falling.
•
Silver for May delivery rose 0.12% and trading $19.828 a troy ounce, while copper for May delivery was up 0.28% and trading at $3.039 a pound.
•
Crude oil prices held gains in Asia on Friday on continued uncertainty 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 $100.35 a barrel, up 0.05%, after hitting an overnight session low of $99.08 a barrel and a high of $100.17 a barrel.
•
Brent crude on the ICE futures exchange rose $1.36, or 1.3%, at $106.15 a barrel on Thursday after falling to a near-five-month low Wednesday on reports that Libyan rebels could reach an agreement to reopen export terminals in eastern Libya that have been blockaded.
•
Natural gas futures firmed on Thursday after weekly U.S. supply data met market expectations. On the New York Mercantile Exchange, naturalgas futures for delivery in May traded at $4.446 per million British thermal units during U.S. trading, up 1.87%. The commodity hit session high of $4.457 and a low of $4.313. The May contract settled up 2.06% on Wednesday to end at $4.364 per million British thermal units.
•
Base metals trading was largely uninspiring during Thursday's LME premarket session - although the aluminium price hit a threemonth high, most metals were ranging around previous closing levels. The aluminium price extended advances that have been fanned by technical trading and supply concerns, hitting $1,838.50 per tonne, the highest since December 30, before settling at $1,830, up $2. Copper was confined to a tight range of some $50, with recent business at $6,645, a $25 decline. Stocks dropped 1,275 tonnes to 260,190 tonnes, the lowest since mid-March. The nickel price traded at $16,152, down $33, while stocks fell for the fifth day in a row - down 744 tonnes at 282,936 tonnes. Zinc was $3 higher at $1,973, with inventories down 4,375 tonnes at 834,700 tonnes. Lead dropped $7 to $2,053 - stocks were unchanged for the second day in a row at 201,650 tonnes. Tin cleared $23,000 to hit one-month highs of $23,350, with recent trade at $23,125, up $225.
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EPIC DAILY TOP PICKS 04th APRIL-2014
NATURALGAS-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : NATURAL GAS-NYMEX has closed @ 4.429. If it sustain above the level of 4.480, it can touch the level of 4.520 & 4.570 respectively. If it breaks the level of 4.345, it can touch the level of 4.305 & 4.255 respectively. BUY NATURALGAS-NYMEX ABOVE 4.480 TGTS 4.520, 4.570 SL 4.430. SELL NATURALGAS-NYMEX BELOW 4.345 TGTS 4.305, 4.255 SL 4.395.
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TODAY'S ECONOMIC EVENTS 04th APRIL-2014
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