DAILY COMEX COMMODITY REPORT 25th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY MARKET OUTLOOK 25th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1311.80
-21.30
-1.60%
APR-14
GOLD SPOT
USD/T OZ.
1308.38
-25.82
-1.94%
N/A
COMEX SILVER
USD/T OZ.
19.91
-0.33
-1.63%
MAY-14
SILVER SPOT
USD/T OZ.
19.93
-0.36
-1.77%
N/A
COMEX COPPER
USD/LB.
2.9480
0.0000
0.00%
MAY-14
PALTINUM SPOT
USD/T OZ.
1426.75
-7.00
-0.49%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
99.38
0.17
0.17%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
106.57
-0.24
-0.22%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.291
-0.026
-0.60%
APR-14
NY. HEATING OIL
USD/GAL.
291.03
0.27
0.09%
APR-14
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY SUPPORT & RESISTANCE 25th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1292.13
1301.97
1318.43
1328.27
1344.73
SILVER(MAY-14)
19.64
19.78
20.03
20.17
20.42
WTICRUDEOIL(APR-14)
98.35
98.86
99.58
100.09
100.81
NATURALGAS(APR-14)
4.214
4.253
4.296
4.335
4.378
COPPER(MAY-14)
2.8993
2.9237
2.9463
2.9707
2.9933
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1732.00
ALUMINIUM
-8200
COPPER
6503.00
COPPER
-2025
LEAD
2072.00
LEAD
UNCHANGED
ZINC
1948.00
ZINC
-3675
NICKEL
16170.00
NICKEL
-54
TIN
22960.00
TIN
-5
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
INTERNATIONAL COMMODITY NEWS 25th MARCH-2014
•
Gold prices rebounded in Asia on Tuesday after falling overnight on prospects of a hike in interest rates by the U.S.Federal Reserve as early as 2015, which supports the dollar. On the Comex division of the New York Mercantile Exchange, Gold for June delivery traded at $1,313.90 a troy ounce, up 0.21%, after hitting an overnight session low of $1,308.60 and off a high of $1,335.60.
•
Silver for May delivery was down 0.23% at US$20.020 a troy ounce, while Copper futures for May delivery were up 1.02% at US$2.970 a pound.
•
Crude oil prices fell in Asia on Tuesday on uncertain demand prospects from heavyweight importer China, but remained supported by concerns of fresh economic sanctions slapped on Russia, the world's top oil producer, by the West for annexing Crimea. On the New York Mercantile Exchange, West Texas Intermediate Crude oil for delivery in May traded at $99.35 a barrel, down 0.25%, in a thin data day in Asia and affter hitting an overnight session low of $99.06 a barrel and a high of $100.29 a barrel.
•
Brent Oil crude on ICE Futures Europe shed 11 cents, or 0.1%, to $106.81 a barrel on Monday.
•
Natural gas futures carried Friday's losses into Monday, as investors bet seasonably mild weather typical of this time of year will curb demand for both heating and air conditioning across much of the U.S. On the New York Mercantile Exchange, Natural Gas futures for delivery in May traded at $4.273 per million British thermal units during U.S. trading, down 0.57%. The commodity hit session high of $4.341 and a low of $4.259. The May contract settled down 1.20% on Friday to end at $4.297 per million British thermal units.
•
Base metals prices ranged compactly during watchful Monday LME premarket trading, with a modest boost from technical buying offset by mostly understated global manufacturing indicators. The copper price was ranging routinely, base-building above the $6,400 level but stalling just above $6,500. Recent business at $6,465 per tonne was down $15 from the Friday close. Aluminium ranged narrowly as well, with business at $1,731, up $8 - the downside objective is $1,700 still. Inventories declined 8,200 tonnes to 5,406,675 tonnes. The zinc price eased $12 to $1,940, while stocks were down 3,675 tonnes at 776,400 tonnes. Lead traded at $2,065, a $12 decline as well - inventories were again static at 200,700 tonnes. Nickel business at $16,149 was $49 higher, while inventories fell 54 tonnes to 283,524 tonnes from what were all-time highs. Tin at $22,950 was up $125 - stocks fell one lot or five tonnes to 9,425 tonnes.
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
EPIC DAILY TOP PICKS 25th MARCH-2014
GOLD-COMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : GOLD-COMEX has closed @ 1308.38. If it breaks the level of 1308, it can touch the level of 1302 & 1290 respectively. If it sustain above the level of 1326, it can touch the level of 1334 & 1346 respectively. SELL GOLD-COMEX BELOW 1308 TGTS 1302, 1290 SL 1323. BUY GOLD-COMEX ABOVE 1326 TGTS 1334, 1346 SL 1311.
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
TODAY'S ECONOMIC EVENTS 25th 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