DAILY COMEX COMMODITY REPORT 06th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 06th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1338.00
-2.30
-0.17%
APR-14
GOLD SPOT
USD/T OZ.
1337.47
0.61
0.05%
N/A
COMEX SILVER
USD/T OZ.
21.25
0.03
0.13%
MAY-14
COMEX COPPER
USD/LB.
319.50
-1.95
-0.61%
MAY-14
PALTINUM SPOT
USD/T OZ.
1476.38
-1.87
-0.13%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
101.08
-0.37
-0.36%
APR-14
CRUDE OIL(BRENT)
USD/BBL.
107.87
0.11
0.10%
APR-14
NY. NATURAL GAS
USD/MMBTU
4.57
0.05
0.99%
APR-14
RBOB GASOLINE
USD/GAL.
293.67
-4.86
-1.63%
APR-14
NY. HEATING OIL
USD/GAL.
298.50
-5.57
-1.83%
APR-14
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DAILY SUPPORT & RESISTANCE 06th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1327.93
1332.07
1337.03
1341.17
1346.13
SILVER(MAY-14)
21.06
21.13
21.23
21.30
21.40
WTICRUDEOIL(APR-14)
99.12
100.04
101.79
102.71
104.46
NATURALGAS(APR-14)
4.386
4.478
4.599
4.691
4.812
COPPER(MAY-14)
3.1793
3.1917
3.2113
3.2237
3.2433
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1786.00
ALUMINIUM
-6800
COPPER
7055.00
COPPER
1475
LEAD
2150.00
LEAD
UNCHANGED
ZINC
2132.50
ZINC
-4250
NICKEL
15335.00
NICKEL
-198
TIN
23330.00
TIN
85
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INTERNATIONAL COMMODITY NEWS 06th MARCH-2014
•
Gold prices fell in Asia on Thursday on tensions easing between Russia and the Ukraine and continued profit taking from overnight leading the yellow metal lower on prospects for a weaker dollar. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at 1,337.30 a troy ounce, down 0.22%, from an overnight session low of $1,332.90 and off a high of $1,342.00.
•
silver for May delivery was down 0.13% at US$21.243 a troy ounce, while copper futures for May delivery were down 0.05% at US$3.201 a pound.
•
Crude prices fell on Wednesday after weekly supply data missed investor expectations, while waning fears of a Russian invasion into Ukraine that could threaten global supply pressured prices lower as well. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at $101.37 a barrel during U.S. trading, down 1.90%. New York-traded oil futures hit a session low of $101.31 a barrel and a high of $103.53 a barrel. The April contract settled down 1.52% at $103.33 a barrel on Tuesday.
•
the ICE Futures Exchange in London, Brent oil futures for April delivery were down 1.28% and trading at US$107.91 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$6.54 a barrel.
•
Natural gas futures slumped on Wednesday after investors braced for a warming trend across the eastern U.S. in March, which should prompt households to throttle back on heating and curb demand for the commodity. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.547 per million British thermal units during U.S. trading, down 2.57%. The commodity hit session high of $4.721 and a low of $4.533. The April contract settled up 3.90% on Tuesday to end at $4.667 per million British thermal units.
•
Base metals held onto Tuesday’s gains in Wednesday’s premarket on the return of risk appetite following an apparent easing of tension in Ukraine, while news out of China was also supportive. In the metals, copper rose $18.50 to $7,068 per tonne from Tuesday’s close. Inventories fell a net 1,525 tonnes to 273,675 tonnes, while cancelled warrants slipped 1,425 tonnes to 139,575 tonnes.
•
Zinc surged to a one-year high on Tuesday and remained strong today – it was $11 higher at $2,133, helped by CTA activity. Volumes at 8,100 lots have outpaced copper’s 7,100 lots.
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EPIC DAILY TOP PICKS 06th MARCH-2014
WTI-CRUDEOIL-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : WTI-CRUDEOIL-NYMEX has closed @ 100.96. If it breaks the level of 101.00, it can touch the level of 100.49 & 99.78 respectively. If it sustain above the level of 102.30, it can touch the level of 102.94 & 103.72 respectively. SELL WTI-CRUDEOIL-NYMEX BELOW 101.00 TGTS 100.49, 99.78 SL 101.75. BUY WTI-CRUDEOIL-NYMEX ABOVE 102.30 TGTS 102.94, 103.72 SL 101.55.
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TODAY'S ECONOMIC EVENTS 06th MARCH-2014
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