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12-June-2018

Metals Update

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Metals Update DAILY MARKET OUTLOOK PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1305.50

2.80

0.21

AUG-18

COMEX SILVER

USD/T OZ.

16.945

0.204

1.22

JUL-18

COMEX COPPER

USD/LB.

3.260

-0.040

-1.21

JUL-18

PLATINUM

USD/T OZ.

906.30

0.60

0.07

JUL-18

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL(WTI)

USD/BBL.

66.02

0.28

0.43

JUN-18

CRUDE OIL(BRENT)

USD/BBL.

76.41

-0.04

-0.04

JUL-18

NY. NATURAL GAS

USD/MMBTU

2.952

0.062

2.15

JUN-18

NY. HEATING OIL

USD/GAL.

2.1633

-0.0009

-0.04

JUN-18


Metals Update DAILY SUPPORT & RESISTANCE COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

1301.33

1302.26

1303.23

1304.16

1305.13

SILVER

16.738

16.761

16.793

16.816

16.848

WTI CRUDEOIL

65.22

65.38

65.48

65.64

65.74

NATURALGAS

2.901

2.918

2.930

2.947

2.959

COPPER

3.284

3.288

3.295

3.299

3.306

GOLD

LME BASE METALS OFFICIAL CASH PRICES ( $/MT )

LM WAREHOUSE STOCKS (INVENTORY)

METALS

PRICE ( $/MT )

CHANGE

% CHANGE

METALS

INVENTORY CHANGE ( MT )

ALUMINIUM

155.45

-0.40

-0.26 %

ALUMINIUM

-6250

COPPER

463

4.40

0.96 %

COPPER

-7575

LEAD

168.15

5.40

3.32 %

LEAD

-150

ZINC

213.25

5.80

2.80 %

ZINC

-1450

TIN

1391.50

10.75

0.78 %

TIN

NA


Metals Update INTERNATIONAL COMMODITY NEWS  Gold prices started the week higher in midmorning trade Monday while investors returned to their desks to digest the trade tension over the weekend at the G7 summit and looked ahead to the summit between the U.S. and North Korea as well as key policy decisions from the Federal Reserve and European Central Bank. At 10:27AM ET (14:27GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up $1.10 cents, or 0.08%, to $1,303.80 a troy ounce. In a session with no major U.S. economic reports, market participants were busy digesting the increased trade tensions that came out of the G7 summit over the weekend. U.S. President Donald Trump refused to endorse a G7 declaration calling for a reduction of tariffs, as he continued to lash out at traditionally close allies for allegedly treating the U.S. unfairly.  Oil prices were lower on Monday as rising U.S. production and worry over increased supply from OPEC members continued to drag on investors. Crude oil futures decreased 0.03% to $65.72 a barrel as of 11:01 AM ET (15:01 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., fell 0.64% to $75.97. Prices were held back slightly by concern that the U.S. is increasing production. Investors will be looking ahead to crude inventories data on Tuesday and Wednesday for clues on global oil demand and insight into how fast output levels are rising. Oil prices have also been held back in recent weeks by worry that members of the he Organization of Petroleum Exporting Countries and Russia (OPEC) could increase supply. The organization set to meet in Vienna on June 22 and is expected to decide whether or not to increase supply by one million barrels per day, as OPEC faces losses from Venezuela and Iran.  Natural gas futures started the week in positive territory on Monday, as updated forecasting models pointed to aboveaverage temperatures covering most of the country over the next two weeks. That should help boost early summer cooling demand for the fuel. Front-month U.S. natural gas futures jumped 5.2 cents, or around 1.8%, to $2.943 per million British thermal units (btu) by 10:15AM ET (1415GMT). The commodity lost around 2.4% last week. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early summer cooling demand. Meanwhile, market participants looked ahead to this week's storage data due on Thursday. Analysts forecast an increase in a range between 83 and 93 billion cubic feet (bcf) for the week ended June 8. That compares with a build of 92 bcf in the preceding week, an increase of 78 bcf a year earlier and a five-year average rise of 91 bcf.


Metals Update EPIC DAILY TOP PICKS GOLD COMEX -DAILY CANDLESTICK CHART

TRADING STRATEGY : BUY GOLD ABOVE 1305 TGT 1310 1320 SL BELOW 1295 SELL GOLD BELOW 1295 TGT 1290 1280 SL ABOVE 1305


Metals Update TODAY'S ECONOMIC EVENTS DISCLAIMER


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Daily comex report 12 june 2018 by epic research  

Epic Research is leading advisory firm which provides daily Comex report and Comex live gold price after analysis of change in rates of prec...

Daily comex report 12 june 2018 by epic research  

Epic Research is leading advisory firm which provides daily Comex report and Comex live gold price after analysis of change in rates of prec...

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