DAILY COMEX COMMODITY REPORT 24th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 24th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1335.30
3.80
0.29%
APR-14
GOLD SPOT
USD/T OZ.
1334.20
6.68
0.50%
N/A
COMEX SILVER
USD/T OZ.
20.32
-0.03
-0.15%
MAY-14
SILVER SPOT
USD/T OZ.
20.29
0.04
0.20%
N/A
COMEX COPPER
USD/LB.
2.9480
0.0150
0.51%
MAY-14
PALTINUM SPOT
USD/T OZ.
1433.75
4.00
0.28%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
99.53
0.85
0.86%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
107.02
0.76
0.72%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.311
-0.055
-1.26%
APR-14
NY. HEATING OIL
USD/GAL.
292.28
0.53
0.18%
APR-14
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DAILY SUPPORT & RESISTANCE 24th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1322.70
1329.00
1336.00
1342.30
1349.30
SILVER(MAY-14)
20.08
20.20
20.39
20.51
20.70
WTICRUDEOIL(APR-14)
97.36
98.44
99.35
100.43
101.34
NATURALGAS(APR-14)
4.236
4.274
4.324
4.362
4.412
COPPER(MAY-14)
2.8860
2.9170
2.9480
2.9790
3.0100
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1719.00
ALUMINIUM
-10100
COPPER
6526.00
COPPER
-2150
LEAD
2083.50
LEAD
UNCHANGED
ZINC
1955.50
ZINC
-5275
NICKEL
16010.00
NICKEL
144
TIN
22950.00
TIN
185
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INTERNATIONAL COMMODITY NEWS 24th MARCH-2014
•
Gold futures rose on Friday, but remained under pressure as recent comments the Federal Reserve could begin raising interest rates as soon as next year continued to weigh. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,341.30 a troy ounce during European afternoon trade, up 0.80%. The April contract settled 0.81% lower on Thursday to end at USD1,330.5 a troy ounce.
•
Silver for May delivery climbed 0.68% to trade at USD21.767 a troy ounce, while copper for May delivery rallied 1.52% to trade at USD2.972 a pound.
•
Crude prices firmed on Friday after the West slapped fresh sanctions on Russia for annexing Crimea, which sparked fears escalating geopolitical tensions may threaten Russian oil exports. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in May traded at $99.87 a barrel during U.S. trading, up 0.98%. New York-traded oil futures hit a session low of $98.26 a barrel and a high of $100.25 a barrel. The May contract settled down 0.27% at $98.90 a barrel on Thursday.
•
The ICE Futures Exchange in London, Brent oil futures for May delivery were up 0.70% and trading at US$107.20 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.33 a barrel.
•
Natural gas futures carried Thursday's losses into Friday, as investors bet seasonably mild weather typical of this time of year will curb demand for both heating and air conditioning across much of the U.S. Bearish supply data pushed prices lower as well. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.332 per million British thermal units during U.S. trading, down 0.85%. The commodity hit session high of $4.376 and a low of $4.287. The April contract settled down 2.56% on Thursday to end at $4.369 per million British thermal units.
•
Base metals tiptoed close to their previous closing levels during Friday LME premarket trading, with interest and activity markedly below the levels witnessed so far this week. In the metals copper veered away from just above the $6,400 level to trade at $6,445 per tonne, up $15 from the Thursday close. Warehouse stocks fell a net 2,150 tonnes to 265,700 tonnes. Aluminium showed signs of testing $1,700 on the downside, hitting a low of $1,705 before recent trade at $1,713, up $1. Inventories were down 10,100 tonnes at 5,414,875 tonnes. Nickel was flipping either side of the $16,000 level, having corrected back from recent 11-month highs – recent trade at $15,974 was up $134. Stocks. lead was $3 higher at $2,072 – stocks were static at 200,700 tonnes. Zinc gained $5 at $1,956, while inventories were down 5,275 tonnes at 280,075 tonnes. Tin traded at an unchanged $23,000; there was a 185-tonne stock increase to 9,430 tonnes.
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EPIC DAILY TOP PICKS 24th MARCH-2014
NATURAL GAS-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : NATURAL GAS-NYMEX has closed @ 4.309. If it breaks the level of 4.290, it can touch the level of 4.245 & 4.185 respectively. If it sustain above the level of 4.444, it can touch the level of 4.490 & 4.545 respectively. SELL NATURAL GAS-NYMEX BELOW 4.290 TGTS 4.245, 4.185 SL 4.350. BUY NATURAL GAS-NYMEX ABOVE 4.444 TGTS 4.490, 4.545 SL 4.384.
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TODAY'S ECONOMIC EVENTS 24th MARCH-2014
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