DAILY COMEX COMMODITY REPORT 14th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 14th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1375.60
5.10
0.37%
APR-14
GOLD SPOT
USD/T OZ.
1374.90
4.62
0.34%
N/A
COMEX SILVER
USD/T OZ.
21.30
-0.06
-0.27%
MAY-14
COMEX COPPER
USD/LB.
292.85
-3.35
-1.13%
MAY-14
PALTINUM SPOT
USD/T OZ.
1480.00
3.56
0.24%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
98.20
0.21
0.21%
APR-14
CRUDE OIL(BRENT)
USD/BBL.
107.40
0.01
0.01%
APR-14
NY. NATURAL GAS
USD/MMBTU
4.35
-0.03
-0.75%
APR-14
RBOB GASOLINE
USD/GAL.
293.00
-2.58
-0.87%
APR-14
NY. HEATING OIL
USD/GAL.
292.63
0.08
0.03%
APR-14
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DAILY SUPPORT & RESISTANCE 14th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1361.00
1367.40
1371.40
1377.80
1381.80
SILVER(MAY-14)
20.91
21.08
21.27
21.44
21.63
WTICRUDEOIL(APR-14)
97.23
97.70
98.14
98.61
99.05
NATURALGAS(APR-14)
4.247
4.298
4.396
4.447
4.545
COPPER(MAY-14)
2.8757
2.8983
2.9377
2.9603
2.9997
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1745.50
ALUMINIUM
-9875
COPPER
6460.50
COPPER
-2100
LEAD
2033.00
LEAD
-225
ZINC
1988.50
ZINC
1325
NICKEL
15775.00
NICKEL
-828
TIN
22775.00
TIN
-105
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INTERNATIONAL COMMODITY NEWS 14th MARCH-2014
•
Gold prices rose marginally in Asia on Friday on continued support from geopolitical tension with Russia over the Crimean region of the Ukraine. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,373.70, up 0.09%, after hitting an overnight session low of $1,365.00 and off a high of $1,375.40
•
Silver for May delivery rose 0.22% at US$21.245 a troy ounce, while copper futures for May delivery were down 0.16% at US$2.918 a pound.
•
Crude prices rose on Thursday after better-than-expected U.S. retail sales data sparked demand for the growth-sensitive commodity, though soft Chinese production figures capped gains. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at $98.35 a barrel during U.S. trading, up 0.37%. New York-traded oil futures hit a session low of $97.68 a barrel and a high of $98.60 a barrel. The April contract settled down 2.04% at $97.99 a barrel on Wednesday.
•
The ICE Futures Exchange in London, Brent oil futures for May delivery were down 0.15% and trading at US$107.19 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$9.27 a barrel.
•
Natural gas futures dropped on Thursday as the proximity of spring's arrival coupled with a lackluster supply report sent investors selling and jumping to the sidelines. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.407 per million British thermal units during U.S. trading, down 1.86%. The commodity hit session high of $4.496 and a low of $4.382. The April contract settled down 2.50% on Wednesday to end at $4.490 per million British thermal units.
•
Base metals traded tentatively during Thursday's LME premarket, with prices having been reined in on the upside following belowforecast Chinese factory output data this morning. The copper price, initially above $6,500, backtracked to $6,436 per tonne, a $44 loss from the Wednesday close. Prices remain not far off a retest of the 44-month low of $6,376.25 hit yesterday. Zinc held a modest $2 gain at $1,990 as inventory falls resumed after five successive daily increases. Stocks were down 3,450 tonnes at 796,700 tonnes. The aluminium price fell back to $1,749, a $29.50 loss, but inventories were down 11,575 tonnes at 5,225,225 tonnes. Lead was $6 lower at $2,031, while stocks were down 700 tonnes at 202,400 tonnes. The tin price retreated to $22,700, a $250 loss, with stocks rising 15 tonnes to 9,050 tonnes, while nickel at $15,710 was up $60 - inventories rose 750 tonnes to 270,636 tonnes, however.
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EPIC DAILY TOP PICKS 14th MARCH-2014
BRENT-CRUDEOIL-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : BRENT-CRUDEOIL-NYMEX has closed @ 107.37. If it breaks the level of 107.30, it can touch the level of 106.82 & 106.26 respectively. If it sustain above the level of 108.47, it can touch the level of 108.95 & 109.58 respectively. SELL BRENT-CRUDEOIL-NYMEX BELOW 107.30 TGTS 106.82, 106.26 SL 108.01. BUY BRENT-CRUDEOIL-NYMEX ABOVE 108.47 TGTS 108.95, 109.58 SL 107.76.
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TODAY'S ECONOMIC EVENTS 14th MARCH-2014
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