DAILY COMEX COMMODITY REPORT 15th APRIL-2014
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DAILY MARKET OUTLOOK 15th APRIL-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1325.90
-0.80
-0.06%
JUNE-14
GOLD SPOT
USD/T OZ.
1327.74
9.86
0.75%
N/A
COMEX SILVER
USD/T OZ.
19.96
-0.13
-0.65%
MAY-14
SILVER SPOT
USD/T OZ.
19.96
-0.01
-0.05%
N/A
COMEX COPPER
USD/LB.
3.0420
-0.0120
-0.39%
MAY-14
PALTINUM SPOT
USD/T OZ.
1463.25
7.86
0.54%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
103.48
-0.56
-0.54%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
108.90
1.08
1.00%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.566
-0.062
-1.34%
MAY-14
NY. HEATING OIL
USD/GAL.
297.70
3.26
1.11%
MAY-14
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DAILY SUPPORT & RESISTANCE 15th APRIL-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1313.10
1319.50
1325.40
1331.80
1337.70
SILVER(MAY-14)
19.54
19.75
19.93
20.14
20.32
WTICRUDEOIL(APR-14)
102.61
103.04
103.80
104.23
104.99
NATURALGAS(APR-14)
4.478
4.522
4.584
4.628
4.690
COPPER(MAY-14)
3.0140
3.0280
3.0450
3.0590
3.0760
LME BASE METALS CASH OFFICIAL PRICES ( $/MT )
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
CHANGE
% CHANGE
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1833.50
-20.00
-1.08%
ALUMINIUM
325
COPPER
6645.00
7.50
0.11%
COPPER
-1700
LEAD
2075.00
-12.50
-0.60%
LEAD
UNCHANGED
ZINC
2032.50
-1.00
-0.05%
ZINC
-3375
NICKEL
17735.00
685.00
4.02%
NICKEL
-1908
TIN
23495.00
120.00
0.51%
TIN
-10
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INTERNATIONAL COMMODITY NEWS 15th APRIL-2014
•
Gold prices fell slightly in Asia on Tuesday on profit-taking after gains made on geopolitical tensions over the Ukraine. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,322.40 a troy ounce, down 0.38%, after hitting an overnight session low of $1,319.00 and off a high of $1,331.30. Geopolitical concerns gave gold a boost on Monday.
•
Silver for May delivery was down 0.66% at US$19.877 a troy ounce, while copper futures for May delivery were down 0.38% at US$3.030 a pound.
•
Crude oil prices eased in Asia on Tuesday on profit taking after gains made on geopolitical tension in the Ukraine. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in May traded at $103.31 a barrel, down 0.72%, after hitting a session low of $103.36 a barrel and a high of $104.55 a barrel.
•
Brent Oil on the ICE Futures Europe exchange rose $1.74, or 1.6%, to $109.07 a barrel on Monday, the highest settlement since March 4.
•
Forecasts for seasonably mild U.S. temperatures typical of this time of year sent natural gas futures falling on Monday, as demand for heating in the country's homes should wane. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.556 per million British thermal units during U.S. trading, down 1.40%. The commodity hit session high of $4.646 and a low of $4.540. The May contract settled down 0.75% on Friday to end at $4.620 per million British thermal units.
•
Nickel prices stood out from the LME pack during Monday premarket trading, racing to a fresh 14-month high, while the rest of the complex built on last week's upbeat closes amid some caution over geopolitical tensions in Ukraine. Nickel, although technically overbought, extended its break above $17,000 amid the continuing fundamental backdrop of the Indonesian mineral ore export ban. It touched $17,849 per tonne, the strongest since February 19, 2013, before settling at $17,836, up $436. The copper price was trading in mid-range at $6,663, a $7 decline, with prices fairly comfortable in a ranging band below $6,700. Stocks were down 3,375 tonnes at 244,950 tonnes, the lowest since November 2012. Aluminium, which hit its highest since last October above $1,900 on Friday, dipped back below that level to $1,879, a $5 loss. Inventories fell 6,800 tonnes to 5,344,275 tonnes, the lowest since March 18. Lead and Zinc both consolidated below last Friday's five-week peaks. Lead traded at $2,110, up $10 - stocks were static at 202,400 tonnes. The zinc price at $2,050 was $25 higher, with a 3,300-tonne fall in inventories to 811,225 tonnes, the lowest for two weeks. Tin, at a twoand-a-half month high in the previous session, traded at $23,494, up $119, while stocks climbed 30 tonnes to 9,460 tonnes.
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EPIC DAILY TOP PICKS 15th APRIL-2014
COPPER-COMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : COPPER-COMEX has closed @ 3.0270. If it breaks the level of 3.0180, it can touch the level of 3.0071 & 2.9923 respectively. If it sustain above the level of 3.0455, it can touch the level of 3.0567 & 3.0710 respectively. SELL COPPER-COMEX BELOW 3.0180 TGTS 3.0071, 2.9923 SL 3.0310. BUY COPPER-COMEX ABOVE 3.0455 TGTS 3.0567, 3.0710 SL 3.0325.
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TODAY'S ECONOMIC EVENTS 15th APRIL-2014
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