Page 1

DAILY COMEX COMMODITY REPORT 18th MARCH-2014

DAILY MARKET OUTLOOK 26th FEBRUARY-2014

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300


DAILY MARKET OUTLOOK 18th MARCH-2014

PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1375.60

5.10

0.37%

APR-14

GOLD SPOT

USD/T OZ.

1374.90

4.62

0.34%

N/A

COMEX SILVER

USD/T OZ.

21.30

-0.06

-0.27%

MAY-14

COMEX COPPER

USD/LB.

292.85

-3.35

-1.13%

MAY-14

PALTINUM SPOT

USD/T OZ.

1480.00

3.56

0.24%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL(WTI)

USD/BBL.

98.20

0.21

0.21%

APR-14

CRUDE OIL(BRENT)

USD/BBL.

107.40

0.01

0.01%

APR-14

NY. NATURAL GAS

USD/MMBTU

4.35

-0.03

-0.75%

APR-14

RBOB GASOLINE

USD/GAL.

293.00

-2.58

-0.87%

APR-14

NY. HEATING OIL

USD/GAL.

292.63

0.08

0.03%

APR-14

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300


DAILY SUPPORT & RESISTANCE 18th MARCH-2014

COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

GOLD(APR-14)

1346.43

1356.67

1372.73

1382.97

1399.03

SILVER(MAY-14)

20.87

21.04

21.31

21.48

21.75

WTICRUDEOIL(APR-14)

96.02

96.77

97.75

98.50

99.48

NATURALGAS(APR-14)

4.435

4.481

4.533

4.579

4.631

COPPER(MAY-14)

2.8930

2.9240

2.9530

2.9840

3.0130

LME BASE METALS 3rd MONTH CONTRACT

LME WAREHOUSE STOCKS (INVENTORY)

METALS

PRICE ( $/MT )

METALS

INVENTORY CHANGE (MT)

ALUMINIUM

1727.50

ALUMINIUM

-11525

COPPER

6545.00

COPPER

-1975

LEAD

2053.00

LEAD

-550

ZINC

1977.50

ZINC

1200

NICKEL

15960.00

NICKEL

378

TIN

22910.00

TIN

35

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300


INTERNATIONAL COMMODITY NEWS 18th MARCH-2014

Gold prices dipped in Asia on Tuesday as the impact of Western sanctions on Russia over the annexation of the Crimean region of the Ukraine were seen as mild and a sign that tensions remain in check. Gold has served as a safe haven of choice during the Ukraine crisis. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,361.00 a troy ounce, down 0.87%, after hitting an overnight session low of $1,362.50 and off a high of $1,392.50.

Silver for May delivery was down 0.96% at US$21.070 a troy ounce, while copper futures for May delivery were up 0.80% at US$2.974 a pound.

Crude price were slightly weaker in Asian trade on Tuesday as relatively tame sanctions from the West on Russia, the world's top oil producer, over the annexation of the Crimean region of the Ukraine allayed concerns of any abrupt cutoff in supplies. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in May traded at $97.56 a barrel, down 0.07%, after hitting an overnight session low of $97.01 a barrel and a high of $98.91 a barrel.

Brent crude on the ICE futures exchange fell $1.97, or 1.8%, to $106.24 a barrel on Monday, its lowest settlement price since Feb. 4.

Natural gas futures shot up on Monday after updated weather forecasting models called for a cold snap to sweep across the U.S. in the coming days and hike demand for heating in its wake. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.554 per million British thermal units during U.S. trading, up 2.90%. The commodity hit session high of $4.585 and a low of 4.484. The April contract settled up 0.96% on Friday to end at $4.425 per million British thermal units.

Base metals prices were mixed in pre-market trading on Monday, with many recovering from their previous week's lows although sentiment remained unsettled while the market digests the response to Crimea voting to separate from Ukraine.The copper price at $6,510 per tonne was up $33 on Friday's close - after a sluggish start, more than 10,000 lots have changed hands so far. Aluminium was last at $1,732, down $9. Trading has been brisk, with 6,300 lots changing hands. Stocks fell 7,225 tonnes to 5,236,475 tonnes. The zinc price was $15 lower at $1,965. Lead edged $1 lower to $2,040 and tin ticked $25 lower to $22,900. Nickel, which hit 11-month highs of $15,999 last week, traded recently at $15,930.

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300


EPIC DAILY TOP PICKS 18th MARCH-2014

GOLD-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY : GOLD-COMEX has closed @ 1366.68. If it breaks the level of 1357, it can touch the level of 1348 & 1338 respectively. If it sustain above the level of 1382, it can touch the level of 1391 & 1402 respectively. SELL GOLD-COMEX BELOW 1357 TGTS 1348, 1338 SL 1373. BUY GOLD-COMEX ABOVE 1382 TGTS 1391, 1402 SL 1366.

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300


TODAY'S ECONOMIC EVENTS 18th 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

Daily comex market report by epic research 18 march 2014  

Epic Research is a reliable source providing financial advisory and working in Indian and other global capital markets. It provides Stock Ti...

Read more
Read more
Similar to
Popular now
Just for you