DAILY COMEX COMMODITY REPORT 13th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY MARKET OUTLOOK 13th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1371.20
24.50
1.82%
APR-14
GOLD SPOT
USD/T OZ.
1372.56
5.72
0.42%
N/A
COMEX SILVER
USD/T OZ.
21.38
0.02
0.08%
MAY-14
COMEX COPPER
USD/LB.
297.55
1.35
0.46%
MAY-14
PALTINUM SPOT
USD/T OZ.
1476.75
1.25
0.08%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
98.10
-1.93
-1.93%
APR-14
CRUDE OIL(BRENT)
USD/BBL.
108.28
0.26
0.24%
APR-14
NY. NATURAL GAS
USD/MMBTU
4.47
-0.02
-0.36%
APR-14
RBOB GASOLINE
USD/GAL.
295.69
-1.01
-0.34%
APR-14
NY. HEATING OIL
USD/GAL.
292.83
-3.27
-1.10%
APR-14
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY SUPPORT & RESISTANCE 13th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1335.67
1351.13
1361.17
1376.63
1386.67
SILVER(MAY-14)
20.58
20.93
21.18
21.53
21.78
WTICRUDEOIL(APR-14)
96.40
97.26
98.42
99.28
100.44
NATURALGAS(APR-14)
4.338
4.405
4.516
4.583
4.694
COPPER(MAY-14)
2.8753
2.9157
2.9483
2.9887
3.0213
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1759.00
ALUMINIUM
-9875
COPPER
6470.00
COPPER
-2100
LEAD
2047.00
LEAD
-225
ZINC
2006.00
ZINC
1325
NICKEL
15705.00
NICKEL
-828
TIN
22950.00
TIN
-105
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
INTERNATIONAL COMMODITY NEWS 13th MARCH-2014
•
Gold prices eased in early Asian trade on Thursday following sharp gains overnight as the standoff in the Ukraine escalated and bolstered gold's appeal as a safe-haven. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,365.70 a troy ounce, down 0.35%, after hitting an overnight session low of $1,345.70 and off a high of $1,371.20.
•
Silver for May delivery was down 0.37% at US$21.278 a troy ounce, while copper futures for May delivery were up 0.08% at US$2.956 a pound.
•
Crude oil prices gained in early Asian trade on Thursday, shrugging off bearish data overnight that revealed U.S. stockpiles shot up last week and sent the near-term contract to a one-month low, with the focus now on data from China on industrial output and retail sales. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at $98.14 a barrel, up 0.15%, after hitting an overnight session low of $97.57 a barrel and a high of $99.63 a barrel.
•
Brent crude on the ICE futures exchange settled down 0.5%, at $108.02 a barrel on Wednesday.
•
Natural gas futures extended Tuesday's losses into Wednesday as markets bet that the arrival of spring next week will bring milder temperatures in the U.S. and curb demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.515 per million British thermal units during U.S. trading, down 1.97%. The commodity hit session high of $4.627 and a low of $4.450. The April contract settled down 0.99% on Tuesday to end at $4.605 per million British thermal units.
•
Base metals prices were under pressure across the board during Wednesday LME premarket trading when the massive three-day sell-off in copper gathered further momentum, pulling other metals down in its slipstream. The business and movements focussed on copper, which touched $6,376.25, the lowest since July 1, 2010, down $98.75 from the weak Tuesday close, with volumes in excess of 22,000 lots already. It was recently at $6,403 per tonne.
•
Lead extended Tuesday's declines, falling to $2,013.25 and then settling at $2,026, well down from the previous close of $2,049.50. The zinc price touched $1,982, a four-week low, and traded recently at $1,990, a $12 loss. The aluminium price eased to $1,748, a modest $3 loss. Nickel backtracked from the previous day's 11-month high to trade at $15,480, down $70 . The tin price hit $22,450 and then settled at $22,700, a $170 loss .
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
EPIC DAILY TOP PICKS 13th MARCH-2014
NATURAL GAS-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : NATURAL GAS-NYMEX has closed @ 4.482. If it breaks the level of 4.440, it can touch the level of 4.395 & 4.346 respectively. If it sustain above the level of 4.625, it can touch the level of 4.670 & 4.721 respectively. SELL NATURAL GAS-NYMEX BELOW 4.440 TGTS 4.395, 4.346 SL 4.510. BUY NATURAL GAS-NYMEX ABOVE 4.625 TGTS 4.670, 4.721 SL 4.555.
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
TODAY'S ECONOMIC EVENTS 13th MARCH-2014
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Research Analyst : Nilesh Jain YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300