Daily comex maket analysis report by epic research 27 march 2014

DAILY COMEX COMMODITY REPORT 27th MARCH-2014

DAILY MARKET OUTLOOK 26th FEBRUARY-2014

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY MARKET OUTLOOK 27th MARCH-2014

PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1307.10

-3.30

-0.25%

APR-14

GOLD SPOT

USD/T OZ.

1304.00

-6.82

-0.52%

N/A

COMEX SILVER

USD/T OZ.

19.85

-0.11

-0.55%

MAY-14

SILVER SPOT

USD/T OZ.

19.76

-0.21

-0.21%

N/A

COMEX COPPER

USD/LB.

2.9720

-0.0250

-0.83%

MAY-14

PALTINUM SPOT

USD/T OZ.

1402.75

-16.00

-1.13%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL(WTI)

USD/BBL.

100.17

0.89

0.90%

MAY-14

CRUDE OIL(BRENT)

USD/BBL.

106.97

0.05

0.05%

MAY-14

NY. NATURAL GAS

USD/MMBTU

4.393

-0.006

-0.14%

APR-14

NY. HEATING OIL

USD/GAL.

291.48

-0.68

-0.23%

APR-14

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY SUPPORT & RESISTANCE 27th MARCH-2014

COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

GOLD(APR-14)

1290.30

1298.70

1307.80

1316.20

1325.30

SILVER(MAY-14)

19.43

19.64

19.89

20.10

20.35

WTICRUDEOIL(APR-14)

98.62

99.39

99.92

100.69

101.22

NATURALGAS(APR-14)

4.319

4.356

4.391

4.428

4.463

COPPER(MAY-14)

2.9287

2.9503

2.9817

3.0033

3.0347

LME BASE METALS 3rd MONTH CONTRACT

LME WAREHOUSE STOCKS (INVENTORY)

METALS

PRICE ( $/MT )

METALS

INVENTORY CHANGE (MT)

ALUMINIUM

1750.00

ALUMINIUM

-8200

COPPER

6551.00

COPPER

2925

LEAD

2089.00

LEAD

-75

ZINC

1991.50

ZINC

1550

NICKEL

16050.00

NICKEL

1578

TIN

23200.00

TIN

-35

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300

INTERNATIONAL COMMODITY NEWS 27th MARCH-2014

•

Gold prices rebounded in Asia on Thursday with the market focused on physical demand prospects from China. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,305.30 a troy ounce, up 0.15%, after hitting an overnight session low of $1,300.90 and off a high of $1,316.90.

•

Silver for May delivery wasup 0.12% at US$19.803 a troy ounce, while copper futures for May delivery were also up 0.12% at US$2.968 a pound.

•

Crude oil prices edged slightly higher in Asia on Thursday from a morning drop that followed overnight gains on better-thanexpected reports on U.S. durable goods and oil inventories. On the New York Mercantile Exchange, West Texas Intermediate crudeoil for delivery in May traded at $100.32 a barrel, up 0.05%, after hitting an overnight session low of $99.11 a barrel and a high of $100.13 a barrel.

•

Brent crudeoil futures contract rose four cents to settle at $107.03 a barrel on the ICE Futures Europe exchange on Wednesday.

•

Natural gas futures trimmed gains on Wednesday on expectations that a return of mild springtime temperatures across the U.S. in the coming days will ease demand for heating. On the New York Mercantile Exchange, Natural Gas futures for delivery in May traded at $4.419 per million British thermal units during U.S. trading, up 0.10%. The commodity hit session high of $4.426 and a low of $4.355. The May contract settled up 3.32% on Tuesday to end at $4.414 per million British thermal units.

•

Base metals prices drifted lower in Wednesday's premarket, a reflection of faltering confidence after the day's rally. Copper traded recently at $6,555 per tonne, down $48 on Tuesday's close and off its session high of$6,616.

The aluminium price was $2 lower at $1,750 after inventories fell 8,200 tonnes to 5,391,425 tonnes and cancelled warrants dropped 5,650 tonnes to 2,562,700 tonnes. Nickel fell $239 to $16,095, with stocks up 1,578 tonnes at 285,210 tonnes. The tin price was steady, edging $5 lower to $23,195, with stocks and cancelled warrants both down 35 tonnes at 9,360 tonnes and 2,115 tonnes respectively.

The lead price fell $4 to $2,080 after a 35-tonne stock drop to 9,360 tonnes but zinc at $1,998 but was up $9, shrugging off a 1,550-tonnes stock rise to 774,000 tonnes.

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300

EPIC DAILY TOP PICKS 27th MARCH-2014

WTI-CRUDEOIL-NYMEX DAILY CANDLESTICK CHART

TRADING STRATEGY : WTI-CRUDEOIL-NYMEX has closed @ 100.27. If it sustain above the level of 100.47, it can touch the level of 100.97 & 101.55 respectively. If it breaks the level of 99.38, it can touch the level of 98.78 & 98.25 respectively.

BUY WTICRUDEOIL-NYMEX ABOVE 100.47 TGTS 100.97, 101.55 SL 99.77.

SELL WTICRUDEOIL-NYMEX BELOW 99.38 TGTS 98.78, 98.25 SL 100.08.

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300

TODAY'S ECONOMIC EVENTS 27th 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