DAILY COMEX COMMODITY REPORT 01st APRIL-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 01st APRIL-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1285.00
-11.70
-0.90%
APR-14
GOLD SPOT
USD/T OZ.
1283.89
-10.72
-0.83%
N/A
COMEX SILVER
USD/T OZ.
19.75
-0.08
-0.40%
MAY-14
SILVER SPOT
USD/T OZ.
19.76
-0.04
-0.20%
N/A
COMEX COPPER
USD/LB.
3.0340
-0.0100
-0.33%
MAY-14
PALTINUM SPOT
USD/T OZ.
1414.75
7.64
0.54%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
101.41
-0.01
-0.01%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
107.75
-0.14
-0.13%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.375
-0.088
-1.97%
APR-14
NY. HEATING OIL
USD/GAL.
292.77
-1.53
-0.52%
APR-14
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DAILY SUPPORT & RESISTANCE 01st APRIL-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1272.93
1278.97
1289.03
1295.07
1305.13
SILVER(MAY-14)
19.54
19.65
19.82
19.93
20.10
WTICRUDEOIL(APR-14)
100.36
100.89
101.42
101.95
102.48
NATURALGAS(APR-14)
4.252
4.314
4.399
4.461
4.546
COPPER(MAY-14)
3.0053
3.0197
3.0343
3.0487
3.0633
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1773.50
ALUMINIUM
-5200
COPPER
6626.00
COPPER
-2025
LEAD
2067.00
LEAD
-50
ZINC
1993.00
ZINC
2025
NICKEL
15770.00
NICKEL
-768
TIN
22975.00
TIN
10
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INTERNATIONAL COMMODITY NEWS 01st APRIL-2014
•
Gold prices rose slightly in Asia on Tuesday as the dollar traded mixed following overnight comments from Fed Chairwoamn Janet Yellen. On the Comex division of the New York Mercantile Exchange, gold for June delivery traded at $1,284.50 a troy ounce, up 0.05%, after hitting an overnight session high of $1,299.10 and up from a low of $1,283.00.
•
Silver for May delivery fell 0.28% and trading $19.697 a troy ounce, while copper for May delivery was down 0.09% and trading at $3.024 a pound.
•
Crude oil prices slid in Asia on Tuesday as U.S. and Russian policymakers look to find a diplomatic way out of the crisis over the annexation of the Ukraine. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in May traded at $101.36 a barrel, down 0.22%, after hitting an overnight session low of $100.90 a barrel and a high of $101.96 a barrel.
•
Prices for the global Brent oil contract fell 31 cents or 0.3% to end at $107.76 on the ICE Futures Europe exchange on Monday.
•
Natural gas futures dropped on Monday as weather forecasts called for seasonably mild temperatures across much of the U.S., which should prompt households to throttle back on heating. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.347 per million British thermal units during U.S. trading, down 3.09%. The commodity hit session high of $4.486 and a low of $4.338. The May contract settled down 1.17% on Friday to end at $4.485 per million British thermal units.
•
Base metals prices were steady but subdued in Monday's LME premarket, dogged by continued uncertainty. The copper price at $6,650 per tonne was down $10 on Friday's close. Volumes are lacklustre, with just 5,000 lots changing hands on Select so far. The aluminium price at $1,773 was up $15, finding support from news of smelter closures after Alcoa announced it would cut 147,000 tonnes per year of capacity at two if its Brazilian smelters. Zinc at $1,981 was up $5 cancellations jumped here also, with a 27,825-tonne increase to 170,325 tonnes centred on New Orleans. The lead price at $2,071 was up $4 following a marginal 50-tonne drop in both stocks and cancelled warrants. Nickel at $15,862 was $152 higher - stocks fell 768 tonnes - and tin at $22,864 was down $11 after stocks slipped 10 tonnes to 9,555 tonnes.
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EPIC DAILY TOP PICKS 01st APRIL-2014
NATURALGAS-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : NATURALGAS-NYMEX has closed @ 4.365. If it breaks the level of 4.341, it can touch the level of 4.301 & 4.250 respectively. If it sustain above the of 4.488, it can touch the level of 4.529 & 4.583 respectively. SELL NATURALGAS-NYMEX BELOW 4.341 TGTS 4.301, 4.250 SL 4.396. BUY NATURALGAS-NYMEX ABOVE 4.488 TGTS 4.529, 4.583 SL 4.433.
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TODAY'S ECONOMIC EVENTS 01st APRIL-2014
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