Daily comex report of 13 april 2018 by epic research

13-April-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

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1341

-18.60

-1.37

APR-18

COMEX SILVER

USD/T OZ.

16.495

-0.273

-1.63

MAY-18

COMEX COPPER

USD/LB.

3.059

-0.058

-1.86

MAY-18

PLATINUM

USD/T OZ.

932.40

-1.90

-0.20

Apr-18

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL(WTI)

USD/BBL.

66.30

-0.53

-0.82

APR-18

CRUDE OIL(BRENT)

USD/BBL.

71.34

-0.73

-1.01

MAY-18

NY. NATURAL GAS

USD/MMBTU

2.678

0.003

0.11

APR-18

NY. HEATING OIL

USD/GAL.

2.0753

-0.0174

-0.83

APR-18

Metals Update DAILY SUPPORT & RESISTANCE COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

1330.40

1345.20

1357.30

1372.10

1384.20

SILVER

16.325

16.500

16.690

16.865

17.055

WTI CRUDEOIL

64.17

65.49

66.47

67.79

68.77

NATURALGAS

2.593

2.634

2.662

2.703

2.731

COPPER

3.097

3.104

3.111

3.118

3.125

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

94450

COPPER

415.55

8.45

2.08%

COPPER

-4025

LEAD

125.95

1.80

1.45%

LEAD

225

ZINC

169.6

1.70

1.23%

ZINC

-2550

TIN

564.00

-4.10

-0.72%

TIN

-25

Metals Update INTERNATIONAL COMMODITY NEWS  Gold prices gave up its earlier gain amidst the mounting Syria conflict threat as the dollar recovered after trading around this week’s lowest range earlier in the day. Gold Futures for June delivery on the Comex division of the New York Mercantile Exchange was down $7.1, or 0.52%, to $1,352.8 a troy ounce by 1:13AM ET (05:13 GMT). The U.S. dollar index that tracks the greenback against a basket of six major currencies last stood at 89.27 at 11:07PM ET (03:07 GMT), up 0.06%. The dollar tumbled to 89.09 overnight, but gradually recovered on Thursday late morning. Dollar-denominated assets such as gold are sensitive to moves in the dollar – a gain in the dollar makes gold more expensive for holders of foreign currency and thus decreases demand for the precious metal.  The U.S. Energy Information Administration said in its weekly report thatnatural gas storage in the U.S. fell by 19 billion cubic feet in the week ended April 6, compared to forecasts for a decline of 11 billion. Thursday’s data compared with a draw of 29 billion cubic feet (bcf) in the preceding week and represented a decline of 725 billion from a year earlier and was also 375 bcf below the five-year average. Total U.S. natural gas storage stood at 1.335 trillion cubic feet, 35.2% lower than levels at this time a year ago and also 21.9% below the five-year average for this time of year. After the report, natural gas for delivery in May on the New York Mercantile Exchange rose 2.1 cents, or about 0.8%, to trade at $2.696 per million British thermal units by 10:33AM ET (14:33GMT).  Crude oil demand will increase globally this year while non-OPEC supply is expected to rise more than expected over the next year, the Organization of the Petroleum Exporting Countries and Russia stated in its monthly report. The organization said non-OPEC supply growth for 2018 was forecast by an additional 80,000 barrels per day (bpd) to 1.71 million barrels per day. The increase is driven largely by higher-than-expected first quarter growth in the U.S. Meanwhile, the forecast for global oil demand was increased by 30,000 bpd to 1.63 million bpd. “This mainly reflects the positive momentum in the OECD in the 1Q18 on the back of better-than-expected data, and supported by development in industrial activities, colderthan-anticipated weather and strong mining activities in the OECD Americas and the OECD Asia Pacific,” OPEC said in its monthly market report. The price of oil has been caught between a supply agreement by OPEC and the rise inU.S. crude.

The U.S. overtook Saudi Arabia as the biggest oil producer in January. Investors worry that the rise in U.S. crude could dampen the efforts made by OPEC to end a supply glut.

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

TRADING STRATEGY : BUY GOLD ABOVE 1345 TGT 1350 1360 SL BELOW 1335 SELL GOLD BELOW 1330 TGT 1325 1315 SL ABOVE 1340

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.