Page 1

09-March-2018

Metals Update

For More Information Please visit www.epicresearch.co or contact info@epicresearch.co Please refer to disclaimer at the end of the report.


Metals Update DAILY MARKET OUTLOOK PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY

UNITS

COMEX GOLD

USD/T OZ.

COMEX SILVER

USD/T OZ.

COMEX COPPER

USD/LB.

PLATINUM

USD/T OZ.

PRICE

CHANGE

% CHANGE

CONTRACT

1322.20

-5.40

-0.41

APR-18

16.490

-0.004

-0.02

MAY-18

3.082

-0.054

-1.72

MAY-18

952.60

-0.60

-0.06

Apr-18

ENERGY COMMODITY FUTURES COMMODITY

UNITS

CRUDE OIL(WTI)

USD/BBL.

CRUDE OIL(BRENT)

USD/BBL.

NY. NATURAL GAS

USD/MMBTU

NY. HEATING OIL

USD/GAL.

PRICE

CHANGE

% CHANGE

CONTRACT

60.55

-0.60

-0.93

APR-18

64.01

-0.33

-0.51

MAY-18

2.755

-0.022

-0.86

APR-18

1.8719

-0.0027

-0.16

APR-18


Metals Update DAILY SUPPORT & RESISTANCE COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

1311.87

319.74

1330.84

1338.74

1349.87

SILVER

16.249

16.338

16.489

16.578

16.729

WTI CRUDEOIL

59.44

60.30

61.44

62.30

63.44

NATURALGAS

2.725

2.751

2.770

2.796

2.815

COPPER

3.084

3.099

3.111

3.126

3.138

GOLD

LME BASE METALS OFFICIAL CASH PRICES ( $/MT )

LM WAREHOUSE STOCKS (INVENTORY)

METALS

PRICE ( $/MT )

CHANGE

% CHANGE

METALS

INVENTORY CHANGE ( MT )

ALUMINIUM

125.70

-0.40

-0.32%

ALUMINIUM

-3800

COPPER

415.55

8.45

2.08%

COPPER

-1500

LEAD

125.95

1.80

1.45%

LEAD

-500

ZINC

169.6

1.70

1.23%

ZINC

-2550

TIN

564.00

-4.10

-0.72%

TIN

0


Metals Update INTERNATIONAL COMMODITY NEWS  Gold prices slipped lower on Thursday, as the dollar showed little reaction to downbeat U.S. data amid sustained uncertainty over U.S. President Donald Trump's proposed tariffs. Comex gold futures were down 0.14% at $1,325.70 a troy ounce by 08:40 a.m. ET (12:40 GMT), after rising to 1,329.8 earlier in the day. The U.S. Department of Labor reported on Thursday that initial jobless claims increased by 21,000 in the week ending March 3 to 231,000, compared to expectations for a 10,000 rise to 220,000. Meanwhile, U.S. President Donald Trump was expected to give more details later Thursday on his plans to impose tariffs of 25% on steel imports and 10% on aluminum imports in a recommitment to his nationalist trade agenda. Market sentiment waned after Trump's economic adviser Gary Cohn announced his resignation on Tuesday. The decision was said to have been made following a disgreement between Cohn and the U.S. President over the import tariffs.  Crude oil prices turned lower on Thursday, as traders were still digesting the previous session's downbeat U.S. supply data amid sustained fears over a global trade war. The U.S. West Texas Intermediate crude April contract was down 37 cents or about 0.61% at $60.80 a barrel by 09:55 a.m. ET (12:55 GMT), off session highs of $61.40. Elsewhere, Brent oil for May delivery on the ICE Futures Exchange in London declined 45 cents or about 0.70% to $63.89 a barrel, after rising to $63.88 earlier in the day. The U.S. Energy Information Administration reported on Wednesday that crude oil inventories rose by 2.408 million barrels for the week ended March 2. While that was below expectations for a rise of 2.723 million barrels, it was the second-straight weekly build in crude stockpiles, adding to concerns that rising U.S. output could dampen global efforts to rid the market of excess supplies. The International Energy Agency upwardly revised U.S. oil output growth earlier in the week, saying the country would be producing a total of nearly 17 million barrels per day (bpd) in 2023.  The U.S. Energy Information Administration said in its weekly report thatnatural gas storage in the U.S. fell by 57 billion cubic feet in the week ended March 2, while analysts had forecast a decline of 58 billion. Thursday’s data compared with a draw of 78 billion cubic feet (bcf) in the preceding week and represented a decline of 680 billion from a year earlier and was also 300 bcf below the five-year average. Total U.S. natural gas storage stood at 1.625 trillion cubic feet, 29.5% lower than levels at this time a year ago and also 15.6% below the five-year average for this time of year. After the report, natural gas for delivery in April on the New York Mercantile Exchange fell 2.5 cents, or about 0.9%, to trade at $2.752 per million British thermal units by 10:34AM ET (15:34GMT).


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

TRADING STRATEGY : BUY GOLD ABOVE 1330 TGT 1335 1345 SL BELOW 1320 SELL GOLD BELOW 1315 TGT 1310 1300 SL ABOVE 1325


Metals Update TODAY'S ECONOMIC EVENTS DISCLAIMER


Metals Update For India: Info@epicresearch.co Address: 411 Milinda Manor (Suites 409-425) 2 RNT Marg. Opp Central Mall Indore (M.P.) +91 -731- 6642300 For United States- HNI& NRI Sales Contact: 2117 Arbor Vista Dr. Charlotte (NC)-Cell: +1 704 249 23 For Australia- HNI & NRI Sales Contact: Mintara Road, Tarneit, Victoria, Post Code 3029 Cell: +61 422 063855

Singapore- www.epicresearch.sg Contact +65-3158-1402 Malaysia- www.epicresearch.my Contact +60-3502-19047

Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial advisory provider companies in the private sector. 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. 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 ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity 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.

Daily comex report of 09 march 2018 by epic research  

Epic Research is a leading and fastest financial advisory firm. We offer a daily report on different segments of market and also various fin...

Daily comex report of 09 march 2018 by epic research  

Epic Research is a leading and fastest financial advisory firm. We offer a daily report on different segments of market and also various fin...

Advertisement