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DAILY COMEX COMMODITY REPORT 06th MAY-2014

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DAILY MARKET OUTLOOK 06th MAY-2014

PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1311.20

10.50

0.81%

JUNE-14

GOLD SPOT

USD/T OZ.

1309.97

10.89

0.84%

N/A

COMEX SILVER

USD/T OZ.

19.59

0.09

0.46%

JULY-14

SILVER SPOT

USD/T OZ.

19.59

0.14

0.72%

N/A

COMEX COPPER

USD/LB.

3.0540

-0.0130

-0.42%

JULY-14

PALTINUM SPOT

USD/T OZ.

1447.25

13.00

0.91%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL(WTI)

USD/BBL.

99.42

-0.36

-0.36%

JUNE-14

CRUDE OIL(BRENT)

USD/BBL.

107.54

-1.01

-0.93%

JUNE-14

NY. NATURAL GAS

USD/MMBTU

4.705

0.016

0.34%

JUNE-14

NY. HEATING OIL

USD/GAL.

290.13

-1.91

-0.65%

JUNE-14

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DAILY SUPPORT & RESISTANCE 06th MAY-2014

COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

GOLD(JUNE-14)

1293.80

1302.50

1309.10

1317.80

1324.40

SILVER(JULY-14)

19.34

19.47

19.60

19.73

19.86

WTICRUDEOIL(JUNE-14)

98.15

98.79

99.60

100.24

101.05

NATURALGAS(JUNE-14)

4.616

4.661

4.696

4.741

4.776

COPPER(JULY-14)

3.0300

3.0420

3.0620

3.0740

3.0940

LME BASE METALS OFFICIAL CASH PRICES ( $/MT )

LME WAREHOUSE STOCKS (INVENTORY)

METALS

PRICE ( $/MT )

CHANGE

% CHANGE

METALS

INVENTORY CHANGE (MT)

ALUMINIUM

1736.50

0.00

0.00%

ALUMINIUM

3875

COPPER

6699.00

0.00

0.00%

COPPER

-1200

LEAD

2060.50

0.00

0.00%

LEAD

UNCHANGED

ZINC

2012.50

0.00

0.00%

ZINC

-3675

NICKEL

18200.00

0.00

0.00%

NICKEL

-348

TIN

23000.00

0.00

0.00%

TIN

UNCHANGED

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INTERNATIONAL COMMODITY NEWS 06th MAY-2014

Gold prices edged higher in Asia on Tuesday underscored by tension in the Ukraine and demand from China. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,311.80 a troy ounce, up 0.19%, after hitting an overnight session low of $1,299.70 and off a high of $1,315.70. Gold prices rose earlier after a final reading of China’s HSBC manufacturing purchasing managers’ index came in at 48.1 April, down from a preliminary estimate of 48.3 and missing forecasts for an uptick to 48.4. A reading below 50 indicates a contraction.

Silver comex for July delivery rose 0.14% at $19.598 a troy ounce. copper futures for July delivery were down 0.07% at $3.056 a pound.

Crude oil prices were flat to slightly weaker in Asia on Tuesday ahead of industry data on U.S. stocks and bearish sentiment on China demand. Last week, crude stocks gained by 3 million barrels , according to the American Petroleum Institute. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $99.46 a barrel, down 0.03%, after hitting an overnight session low of $98.97 a barrel and a high of $100.43 a barrel.

The ICE Brent oil futures contract fell 87 cents, or 0.8%, to $107.72 a barrel, the lowest settlement since April 11, on the ICE Futures Europe exchange.

Natural gas prices rose on Monday after bottom fishers snapped up nicely-priced positions in the commodity and erased losses stemming from last week's bearish supply report. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.703 per million British thermal units during U.S. trading, up 0.61%. The commodity hit session high of $4.765 and a low of $4.652. The June contract settled down 0.95% on Friday to end at $4.674 per million British thermal units.

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EPIC DAILY TOP PICKS 06th MAY-2014

SILVER-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY : SILVER-COMEX has closed @ 19.59. If it sustain above the level of 19.60, it can touch the level of 19.75 & 19.91 respectively. If it breaks the level of 19.29, it can touch the level of 19.14, 18.98 respectively. BUY SILVER-COMEX ABOVE 19.60 TGTS 19.75, 19.91 SL 19.35. SELL SILVER-COMEX BELOW 19.29 TGTS 19.14, 18.98 SL 19.54.

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TODAY'S ECONOMIC EVENTS 06th MAY-2014

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Daily comex market report by epic research 6 may 2014