DAILY COMEX COMMODITY REPORT 28th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
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DAILY MARKET OUTLOOK 28th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1293.80
-13.30
-1.02%
APR-14
GOLD SPOT
USD/T OZ.
1290.95
-13.05
-1.00%
N/A
COMEX SILVER
USD/T OZ.
19.74
-0.11
-0.55%
MAY-14
SILVER SPOT
USD/T OZ.
19.69
-0.07
-0.35%
N/A
COMEX COPPER
USD/LB.
2.9950
0.0230
0.77%
MAY-14
PALTINUM SPOT
USD/T OZ.
1396.25
-6.50
-0.46%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
101.36
1.19
1.19%
MAY-14
CRUDE OIL(BRENT)
USD/BBL.
107.64
0.67
0.63%
MAY-14
NY. NATURAL GAS
USD/MMBTU
4.537
0.144
3.28%
APR-14
NY. HEATING OIL
USD/GAL.
294.13
2.65
0.91%
APR-14
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DAILY SUPPORT & RESISTANCE 28th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1279.27
1286.53
1296.97
1304.23
1314.67
SILVER(MAY-14)
19.45
19.59
19.73
19.87
20.01
WTICRUDEOIL(APR-14)
99.37
100.36
101.03
102.02
102.69
NATURALGAS(APR-14)
4.291
4.414
4.490
4.613
4.689
COPPER(MAY-14)
2.9477
2.9713
2.9867
3.0103
3.0257
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1725.50
ALUMINIUM
1825
COPPER
6570.00
COPPER
-1200
LEAD
2064.00
LEAD
-225
ZINC
1975.00
ZINC
1825
NICKEL
15710.00
NICKEL
1464
TIN
23100.00
TIN
185
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INTERNATIONAL COMMODITY NEWS 28th MARCH-2014
•
Gold prices eased in Asia on Friday on continued expectations that the Federal Reserve will wind down monthly asset purchases this year and begin hiking benchmark interest rates in 2015. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,293.90 a troy ounce, down 0.07%, after hitting an overnight session low of $1,291.40 and off a high of $1,307.40.
•
Silver for May delivery rose 0.44% at US$19.795 a troy ounce, while copper futures for May delivery were up 0.51% at US$3.008 a pound.
•
Crude oil prices gained slightly in Asia on Friday on a carryover from overnight better-than-expected U.S. economic growth and weekly jobless claims data. On the New York Mercantile Exchange, West Texas Intermediate crudeoil for delivery in May traded at $101.35 a barrel, up 0.07%. On Thursday it reached the highest settlement price since March 7, after hitting an overnight session low of $100.04 a barrel and a high of $101.69 a barrel.
•
Brent crudeoil on the ICE futures exchange rose 80 cents, or 0.8%, to $107.83 a barrel on Thursday, its highest level since March 14.
•
Natural gas futures shot up on Thursday after data revealed Americans demanded more of the commodity last week than expected. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.499 per million British thermal units during U.S. trading, up 2.35%. The commodity hit session high of $4.500 and a low of $4.368. The May contract settled up 0.43% on Wednesday to end at $4.395 per million British thermal units.
•
Base metals prices were marginally higher during Thursday morning LME sessions, but confidence is shaky and markets remain vulnerable. The copper price at $6,539 per tonne was $29 higher than the previous day's close, while the tightness in spreads has eased with cash/threes last at a contango of $5. Still, investors will be keeping a keen eye on spread activity as yesterday's LME data showed there is a warrant holder of both cash and 'Tom' in the 40-50 percent band. The Aluminium price at $1,737.25 was up $8.25, while stocks increased 1,825 tonnes to 5,393,250 tonnes and cancelled warrants were down 7,975 tonnes at 2,554,725 tonnes. Nickel is back under $16,000, last at $15,770, down $130, as stocks jumped 1,464 tonnes to yest another all-time high of 286,674 tonnes and cancelled warrants were down 2,640 tonnes at 137,196 tonnes. Lead at $2,062 was $4 lower with a 225-tonne reduction in both stocks and cancelled warrants. Sister metal Zinc at $1,969 was $1 lower as stocks rose 1,825 tonnes to 775,825 tonnes. The tin price at $23,000 increased $30 while stocks were up 185 tonnes to 9,545 tonnes.
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EPIC DAILY TOP PICKS 28th MARCH-2014
BRENT-NCRUDEOIL-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : BRENT-CRUDEOIL-NYMEX has closed @ 107.62. If it sustain above the level of 107.95, it can touch the level of 108.46 & 109.07 respectively. If it breaks the level of 107.27, it can touch the level of 106.74 & 106.21 respectively. BUY BRENTCRUDEOIL-NYMEX ABOVE 107.95 TGTS 108.46, 109.07 SL 107.25. SELL BRENTCRUDEOIL-NYMEX BELOW 107.27 TGTS 106.74, 106.21 SL 107.97.
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TODAY'S ECONOMIC EVENTS 28th MARCH-2014
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