DAILY COMEX COMMODITY REPORT 04th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 04th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1351.00
29.4
2.22%
APR-14
GOLD SPOT
USD/T OZ.
1350.74
0.13
0.01%
N/A
COMEX SILVER
USD/T OZ.
21.49
0.24
1.15%
MAY-14
COMEX COPPER
USD/LB.
317.00
-1.75
-0.55%
MAY-14
PALTINUM SPOT
USD/T OZ.
1455.50
-2.88
-0.20%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
104.82
-0.10
-0.10%
APR-14
CRUDE OIL(BRENT)
USD/BBL.
111.22
0.02
0.02%
APR-14
NY. NATURAL GAS
USD/MMBTU
4.53
0.04
0.78%
APR-14
RBOB GASOLINE
USD/GAL.
302.30
4.56
1.53%
APR-14
NY. HEATING OIL
USD/GAL.
308.32
6.69
2.22%
APR-14
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DAILY SUPPORT & RESISTANCE 04th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1328.83
1339.87
1347.43
1358.47
1366.03
SILVER(MAY-14)
21.12
21.29
21.51
21.68
21.90
WTICRUDEOIL(APR-14)
102.99
103.83
104.52
105.36
106.05
NATURALGAS(APR-14)
4.297
4.405
4.570
4.678
4.843
COPPER(MAY-14)
3.1350
3.1540
3.1750
3.1940
3.2150
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1723.00
ALUMINIUM
-7475
COPPER
6962.00
COPPER
-2500
LEAD
2105.00
LEAD
550
ZINC
2057.50
ZINC
-3775
NICKEL
14530.00
NICKEL
510
TIN
23525.00
TIN
-350
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INTERNATIONAL COMMODITY NEWS 04th MARCH-2014
• Gold prices shot up on Monday amid safe-harbor demand from investors fleeing paper currencies due to the Ukraine crisis. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,352.20 a troy ounce during U.S. trading, up 2.32%, up from a session low of $1,331.30 and off a high of $1,355.00. The April contract settled down 0.77% at $1,321.60 on Friday. • silver for May delivery was up 1.04% and trading at US$21.462 a troy ounce, while copper futures for May delivery were down 0.46% at US$3.173 a pound. • Crude prices eased in Asia on Tuesday, but remain supported by tensions in the Crimea peninsula where neighboring Russia has sent troops. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at 104.82 a barrel, down 0.10%, after hitting an overnight session low of $103.36 a barrel and a high of $105.22 a barrel. Brent crude on the ICE futures exchange rose $2.13, or 2%, to $111.20 a barrel. Russia, the world's biggest oil producer, sent troops into Crimea, a peninsula in Ukraine. The move stoked fears that there could be a disruption in supply in both crude and refined oil products. • Natural gas futures edged lower on Monday after updated weather-forecasting models called for a break in frigid temperatures across the portions of the eastern U.S. in the coming days. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.572 per million British thermal units during U.S. trading, down 0.80%. The commodity hit session high of $4.736 and a low of $4.530. The April contract settled up 2.17% on Friday to end at $4.609 per million British thermal units.
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EPIC DAILY TOP PICKS 04th MARCH-2014
COPPER-COMEX (MAR-14) DAILY CANDLESTICK CHART
TRADING STRATEGY : COPPER-COMEX has closed @ 3.2170. If it breaks the level of 3.2070, it can touch the level of 3.1921 & 3.1763 respectively. If it sustain above the level of 3.2566, it can touch the level of 3.2710 & 3.2875 respectively.
SELL BELOW 3.2070 TGTS 3.1921, 3.1763 SL 3.2240. BUY ABOVE 3.2566 TGTS 3.2710, 3.2875 SL 3.2396.
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TODAY'S ECONOMIC EVENTS 04th MARCH-2014
FORECAST
PREVIOUS
15.40M
15.24M
German Manufacturing PMI
54.7
54.7
EUR
Manufacturing PMI
53.0
53.0
19:00
USD
Core PCE Price Index (MoM)
0.1%
0.1%
19:00
USD
Personal Income (MoM)
0.2%
-
19:00
USD
Personal Spending (MoM)
0.1%
0.4%
19:00
USD
Real Personal Consumption (MoM)
-
0.2%
19:28
USD
Manufacturing PMI
56.6
56.7
20:30
USD
Construction Spending (MoM)
-0.5%
0.1%
20:30
USD
ISM Manufacturing Employment
52.0
52.3
20:30
USD
ISM Manufacturing PMI
52.0
51.3
20:30
USD
ISM Manufacturing Prices
58.3
60.5
TIME
COUNTRY
10:30
USD
Total Vehicle Sales
14:23
EUR
14:28
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