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DAILY COMEX COMMODITY REPORT 19th MARCH-2014

DAILY MARKET OUTLOOK 26th FEBRUARY-2014

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DAILY MARKET OUTLOOK 19th MARCH-2014

PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1358.50

-0.50

-0.04%

APR-14

GOLD SPOT

USD/T OZ.

1357.78

2.00

0.15%

N/A

COMEX SILVER

USD/T OZ.

20.90

-0.38

-1.79%

MAY-14

COMEX COPPER

USD/LB.

294.85

-0.35

-0.12%

MAY-14

PALTINUM SPOT

USD/T OZ.

1464.50

5.87

0.40%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL(WTI)

USD/BBL.

99.37

-0.33

-0.33%

APR-14

CRUDE OIL(BRENT)

USD/BBL.

106.59

-0.20

-0.19%

APR-14

NY. NATURAL GAS

USD/MMBTU

4.47

0.01

0.13%

APR-14

RBOB GASOLINE

USD/GAL.

289.40

1.29

0.45%

APR-14

NY. HEATING OIL

USD/GAL.

290.59

-0.96

-0.33%

APR-14

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DAILY SUPPORT & RESISTANCE 19th MARCH-2014

COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

GOLD(APR-14)

1341.93

1349.37

1358.63

1366.07

1375.33

SILVER(MAY-14)

20.30

20.57

20.91

21.18

21.52

WTICRUDEOIL(APR-14)

96.55

97.52

98.24

99.21

99.93

NATURALGAS(APR-14)

4.384

4.422

4.485

4.523

4.586

COPPER(MAY-14)

2.9090

2.9300

2.9610

2.9820

3.0130

LME BASE METALS 3rd MONTH CONTRACT

LME WAREHOUSE STOCKS (INVENTORY)

METALS

PRICE ( $/MT )

METALS

INVENTORY CHANGE (MT)

ALUMINIUM

1732.50

ALUMINIUM

-9275

COPPER

6450.50

COPPER

18375

LEAD

2051.00

LEAD

-400

ZINC

1963.50

ZINC

-3475

NICKEL

16125.00

NICKEL

120

TIN

23095.00

TIN

-5

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INTERNATIONAL COMMODITY NEWS 19th MARCH-2014

Gold prices were nearly flat in Asia on Wednesday on Russia's assurance it wasn't out to annex the Ukraine, while mixed data in the U.S. overnight failed to convince investors the Federal Reserve was more likely to delay the pace at which it dismantles stimulus programs. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,358.30 a troy unce, down 0.05%, after hitting an overnight session low of $1,351.20 and off a high of $1,368.40.

Silver for May delivery was down 0.01% at US$20.860 a troy ounce, while copper futures for May delivery were down 0.035% at US$2.943 a pound.

Crude oil gave up overnight gains in Asia on Wednesday as industry data showed a solid gain in U.S. stocks, though news that a pipeline company would double the capacity connecting Oklahoma storage with Gulf Coast refineries sooner than previously expected offered support. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in May traded at $98.49 a barrel, down 0.40%, after hitting an overnight session low of $97.29 a barrel and a high of $98.97 a barrel.

Brent crude on the ICE futures exchange rose 55 cents, or 0.5%, to $106.79 a barrel on Tuesday.

Natural gas futures fell on Tuesday after investors locked in gains from a late-season cold snap and sold the commodity for profits on sentiments spring's milder temperatures will curb demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.462 per million British thermal units during U.S. trading, up 1.64%. The commodity hit session high of $4.549 and a low of $4.447. The April contract settled up 2.51% on Monday to end at $4.536 per million British thermal units.

Base metals prices were in consolidation mode on Tuesday morning after the uptick noted early in the session proved to be short lived - the market is now treading water and looking for direction. The copper price at $6,479 per tonne was unchanged on the previous day's close, having failed to find a footing at its earlier session high of $6,570. The zinc price at $1,958 was down $8, while stocks and cancelled warrants were both down 3,475 tonnes. Nickel surged to a fresh 11-month high of $16,230 during the early-morning sessions amid fears of sanctions against Russia and the export ban in Indonesia - both of which would hit availability. The aluminium price at $1,729 was up $4.50 - stocks declined 9,275 tonnes to 5,227,200 tonnes. Lead at $2,047 was down $12, with a 400-tonne reduction in both stocks and cancelled warrants, while tin at $23,000 was $25 lower after inventories edged five tonnes lower to 9,100 tonnes.

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EPIC DAILY TOP PICKS 19th MARCH-2014

SILVER-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY : SILVER-COMEX has closed @ 20.81. If it breaks the level of 20.77, it can touch the level of 20.62 & 20.46 respectively. If it sustain above the level of 21.22, it can touch the level of 21.37 & 21.54 respectively. SELL SILVER-COMEX BELOW 20.77 TGTS 20.62, 20.46 SL 20.99. BUY SILVER-COMEX ABOVE 21.22 TGTS 21.37, 21.54 SL 21.00.

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TODAY'S ECONOMIC EVENTS 19th MARCH-2014

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Daily comex market report by epic research 19 march 2014  
Daily comex market report by epic research 19 march 2014  

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