DAILY COMEX COMMODITY REPORT 10th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 10th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1338.20
-13.60
-1.01%
APR-14
GOLD SPOT
USD/T OZ.
1339.98
-10.84
-0.80%
N/A
COMEX SILVER
USD/T OZ.
20.93
-0.65
-2.99%
MAY-14
COMEX COPPER
USD/LB.
308.25
-13.55
-4.21%
MAY-14
PALTINUM SPOT
USD/T OZ.
1482.50
-3.19
-0.21%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
102.58
1.02
1.00%
APR-14
CRUDE OIL(WTI)
USD/BBL.
109.00
0.90
0.83%
APR-14
CRUDE OIL(BRENT)
USD/BBL.
4.62
-0.04
-0.94%
APR-14
NY. NATURAL GAS
USD/MMBTU
297.38
2.83
0.96%
APR-14
RBOB GASOLINE
USD/GAL.
301.21
2.91
0.98%
APR-14
NY. HEATING OIL
USD/GAL.
102.58
1.02
1.00%
APR-14
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DAILY SUPPORT & RESISTANCE 10th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1316.67
1328.43
1340.77
1352.53
1364.87
SILVER(MAY-14)
20.26
20.59
21.09
21.42
21.92
WTICRUDEOIL(APR-14)
101.06
101.85
102.37
103.16
103.68
NATURALGAS(APR-14)
4.507
4.564
4.622
4.679
4.737
COPPER(MAY-14)
2.9850
3.0340
3.1270
3.1760
3.2690
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1771.00
ALUMINIUM
10825
COPPER
6915.00
COPPER
-3175
LEAD
2112.00
LEAD
UNCHANGED
ZINC
2067.50
ZINC
15875
NICKEL
15340.00
NICKEL
1254
TIN
23125.00
TIN
-20
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INTERNATIONAL COMMODITY NEWS 10th MARCH-2014
•
Gold prices fell on Friday after data revealed the U.S. economy picked up more jobs than expected in February, which investors expect will prompt the Federal Reserve to continue dismantling monetary stimulus tools that have bolstered gold prices since 2012. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,338.80 a troy ounce during U.S. trading, down 0.96%, up from a session low of $1,329.00 and off a high of $1,353.10. The April contract settled up 0.86% at $1,351.80 on Thursday.
•
silver for May delivery was down 3.20% at US$20.883 a troy ounce, while copper futures for May delivery were down 4.27% at US$3.081 a pound.
•
Crude prices shot up on Friday after data revealed the U.S. added more payrolls than expected in February, a sign the economy may be gaining steam and will demand more fuel and energy going forward. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at $102.62 a barrel during U.S. trading, up 1.04%. New York-traded oil futures hit a session low of $101.58 a barrel and a high of $102.89 a barrel. The April contract settled up 0.11% at $101.56 a barrel on Thursday.
•
the ICE Futures Exchange in London, Brent oil futures for April delivery were up 0.65% and trading at US$108.81 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$6.19 a barrel.
•
Natural gas futures dropped on Friday after investors locked in gains from Thursday's bullish supply report and sold the commodity for profits fueled by concerns that the arrival of spring in the U.S. will bring warmer temperatures that will cut into demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.585 per million British thermal units during U.S. trading, down 1.66%. The commodity hit session high of $4.681 and a low of $4.567. The April contract settled up 3.07% on Thursday to end at $4.662 per million British thermal units.
•
Base metals retreated during Friday LME premarket trading, led by the copper price - the red metal tumbled to its lowest for three-anda-half months amid jitters over the continued crisis in the Ukraine and fears over debt in major player China. Copper was seen down to $6,914, the lowest since November 18, before prices settled at $6,935 per tonne, a hefty $120 below the Thursday close.
•
The aluminium price eased to $1,783, a $12 loss, after stocks surged 10,825 tonnes to 5,293,200 tonnes. Zinc's rally was choked off the price eased to $2,075, a $70 loss. There was another big stock increase - inventories were up 15,875 tonnes at 776,000 tonnes.
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EPIC DAILY TOP PICKS 10th MARCH-2014
SILVER-COMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : SILVER-COMEX has closed @ 21.87. If it breaks the level of 20.75, it can touch the level of 20.60 & 20.44 respectively. If it sustain above the level of 21.45, it can touch the level of 21.61 & 21.77 respectively. SELL SILVER-COMEX BELOW 20.75 TGTS 20.60, 20.44 SL 20.96. BUY SILVER-COMEX ABOVE 21.45 TGTS 21.61, 21.77 SL 21.24.
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TODAY'S ECONOMIC EVENTS 10th MARCH-2014
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