DAILY COMEX COMMODITY REPORT 11th MARCH-2014
DAILY MARKET OUTLOOK 26th FEBRUARY-2014
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY MARKET OUTLOOK 11th MARCH-2014
PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1342.80
1.30
0.10%
APR-14
GOLD SPOT
USD/T OZ.
1342.88
3.16
0.24%
N/A
COMEX SILVER
USD/T OZ.
21.00
0.09
0.41%
MAY-14
COMEX COPPER
USD/LB.
305.10
-3.15
-1.02%
MAY-14
PALTINUM SPOT
USD/T OZ.
1476.13
-1.12
-0.08%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
101.15
0.03
0.03%
APR-14
CRUDE OIL(BRENT)
USD/BBL.
108.05
-0.03
-0.03%
APR-14
NY. NATURAL GAS
USD/MMBTU
4.66
0.00
0.09%
APR-14
RBOB GASOLINE
USD/GAL.
295.02
-2.36
-0.79%
APR-14
NY. HEATING OIL
USD/GAL.
296.47
-0.27
-0.09%
APR-14
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY SUPPORT & RESISTANCE 11th MARCH-2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-14)
1321.20
1330.90
1337.90
1347.60
1354.60
SILVER(MAY-14)
20.41
20.64
20.84
21.07
21.27
WTICRUDEOIL(APR-14)
99.77
100.35
101.45
102.03
103.13
NATURALGAS(APR-14)
4.471
4.559
4.645
4.733
4.819
COPPER(MAY-14)
2.9890
3.0150
3.0360
3.0620
3.0830
LME BASE METALS 3rd MONTH CONTRACT
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1756.50
ALUMINIUM
-7500
COPPER
6690.50
COPPER
-3600
LEAD
2067.00
LEAD
-175
ZINC
2025.00
ZINC
16375
NICKEL
15170.00
NICKEL
576
TIN
22830.00
TIN
100
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
INTERNATIONAL COMMODITY NEWS 11th MARCH-2014
•
Gold prices eased in Asia on Tuesday on profit-taking as markets await developments in the ongoing Russian standoff in the Ukraine. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,340.30 a troy ounce, down 0.09%, after hitting an overnight session low of $1,328.20 and off a high of $1,344.90. Ongoing geopolitical tensions in Ukraine bolstered gold's appeal as a hedge on Monday.
•
Silver for May delivery was down 0.32% at US$20.843 a troy ounce, while copper futures for May delivery were down 0.37% at US$3.031 a pound.
•
Crude oil prices posted modest gain in Asian trade on Tuesday supported by continued Western tension with Russia, the world's top oil producer, over the Crimean region of the Ukraine. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at $101.18 a barrel, up 0.06%, after an overnight session low of $100.86 a barrel and a high of $102.73 a barrel.
•
Brent crude on the ICE Futures Europe exchange fell 92 cents, or 0.8%, to $108.08 a barrel on Monday.
•
Natural gas futures rose on Monday after bottom fishers snapped up nicely-priced positions in the commodity, though expectations for demand to wane with the arrival of spring in the U.S. capped gains. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.639 per million British thermal units during U.S. trading, up 0.44%. The commodity hit session high of $4.733 and a low of $4.558. The April contract settled down 0.94% on Friday to end at $4.618 per million British thermal units.
•
Base metals continued to fall on Monday's LME pre-market, with prices extending the declines seen during the previous session. The copper price, which plummeted to its lowest for nine months, led the way.
•
The aluminium price eased to $1,783, a $12 loss, after stocks surged 10,825 tonnes to 5,293,200 tonnes. Zinc's rally was choked off - the price eased to $2,075, a $70 loss. Zinc's reversal from last week's one-year high continued, with recent business at $2,024, a $35 loss. The lead price fell as low as $2,061, its cheapest since December 3, and then settled at $2,068, a $35.50 decline. Aluminium fell to $1,758, a $6 loss. Nickel at $15,144 was down from a previous $15,250.
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
EPIC DAILY TOP PICKS 11th MARCH-2014
BRENT-CRUDEOIL-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY : BRENT-CRUDEOIL-NYMEX has closed @ 107.84. If it breaks the level of 107.76, it can touch the level of 107.26 & 106.65 respectively. If it sustain above the level of 108.82, it can touch the level of 109.32 & 109.95 respectively. SELL BRENT-CRUDEOIL-NYMEX BELOW 107.76 TGTS 107.26, 106.65 SL 108.46. BUY BRENT-CRUDEOIL-NYMEX ABOVE 108.82 TGTS 109.32, 109.95 SL 108.12.
YOUR MINTVISORY
WWW.EPICRESEARCH.CO CALL: +917316642300
TODAY'S ECONOMIC EVENTS 11th 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