DAILY COMEX COMMODITY REPORT 27th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 27th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1307.10
-3.30
-0.25%
APR-14
GOLD SPOT
USD/T OZ.
1304.00
-6.82
-0.52%
N/A
COMEX SILVER
USD/T OZ.
19.85
-0.11
-0.55%
MAY-14
SILVER SPOT
USD/T OZ.
19.76
-0.21
-0.21%
N/A
COMEX COPPER
USD/LB.
2.9720
-0.0250
-0.83%
MAY-14
PALTINUM SPOT
USD/T OZ.
1402.75
-16.00
-1.13%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
100.17
0.89
0.90%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
106.97
0.05
0.05%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.393
-0.006
-0.14%
APR-14
NY. HEATING OIL
USD/GAL.
291.48
-0.68
-0.23%
APR-14
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DAILY SUPPORT & RESISTANCE 27th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1290.30
1298.70
1307.80
1316.20
1325.30
SILVER(MAY-14)
19.43
19.64
19.89
20.10
20.35
WTICRUDEOIL(APR-14)
98.62
99.39
99.92
100.69
101.22
NATURALGAS(APR-14)
4.319
4.356
4.391
4.428
4.463
COPPER(MAY-14)
2.9287
2.9503
2.9817
3.0033
3.0347
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1750.00
ALUMINIUM
-8200
COPPER
6551.00
COPPER
2925
LEAD
2089.00
LEAD
-75
ZINC
1991.50
ZINC
1550
NICKEL
16050.00
NICKEL
1578
TIN
23200.00
TIN
-35
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INTERNATIONAL COMMODITY NEWS 27th MARCH-2014
•
Gold prices rebounded in Asia on Thursday with the market focused on physical demand prospects from China. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,305.30 a troy ounce, up 0.15%, after hitting an overnight session low of $1,300.90 and off a high of $1,316.90.
•
Silver for May delivery wasup 0.12% at US$19.803 a troy ounce, while copper futures for May delivery were also up 0.12% at US$2.968 a pound.
•
Crude oil prices edged slightly higher in Asia on Thursday from a morning drop that followed overnight gains on better-thanexpected reports on U.S. durable goods and oil inventories. On the New York Mercantile Exchange, West Texas Intermediate crudeoil for delivery in May traded at $100.32 a barrel, up 0.05%, after hitting an overnight session low of $99.11 a barrel and a high of $100.13 a barrel.
•
Brent crudeoil futures contract rose four cents to settle at $107.03 a barrel on the ICE Futures Europe exchange on Wednesday.
•
Natural gas futures trimmed gains on Wednesday on expectations that a return of mild springtime temperatures across the U.S. in the coming days will ease demand for heating. On the New York Mercantile Exchange, Natural Gas futures for delivery in May traded at $4.419 per million British thermal units during U.S. trading, up 0.10%. The commodity hit session high of $4.426 and a low of $4.355. The May contract settled up 3.32% on Tuesday to end at $4.414 per million British thermal units.
•
Base metals prices drifted lower in Wednesday's premarket, a reflection of faltering confidence after the day's rally. Copper traded recently at $6,555 per tonne, down $48 on Tuesday's close and off its session high of$6,616. The aluminium price was $2 lower at $1,750 after inventories fell 8,200 tonnes to 5,391,425 tonnes and cancelled warrants dropped 5,650 tonnes to 2,562,700 tonnes. Nickel fell $239 to $16,095, with stocks up 1,578 tonnes at 285,210 tonnes. The tin price was steady, edging $5 lower to $23,195, with stocks and cancelled warrants both down 35 tonnes at 9,360 tonnes and 2,115 tonnes respectively. The lead price fell $4 to $2,080 after a 35-tonne stock drop to 9,360 tonnes but zinc at $1,998 but was up $9, shrugging off a 1,550-tonnes stock rise to 774,000 tonnes.
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EPIC DAILY TOP PICKS 27th MARCH-2014
WTI-CRUDEOIL-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : WTI-CRUDEOIL-NYMEX has closed @ 100.27. If it sustain above the level of 100.47, it can touch the level of 100.97 & 101.55 respectively. If it breaks the level of 99.38, it can touch the level of 98.78 & 98.25 respectively. BUY WTICRUDEOIL-NYMEX ABOVE 100.47 TGTS 100.97, 101.55 SL 99.77. SELL WTICRUDEOIL-NYMEX BELOW 99.38 TGTS 98.78, 98.25 SL 100.08.
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TODAY'S ECONOMIC EVENTS 27th MARCH-2014
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