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13-March-2018

Metals Update

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Metals Update DAILY MARKET OUTLOOK PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1319.00

-5.00

-0.38

APR-18

COMEX SILVER

USD/T OZ.

16.500

-0.108

-0.68

MAY-18

COMEX COPPER

USD/LB.

3.124

-0.013

-0.41

MAY-18

PLATINUM

USD/T OZ.

960.30

-3.60

-0.37

Apr-18

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL(WTI)

USD/BBL.

60.94

-1.12

-1.81

APR-18

CRUDE OIL(BRENT)

USD/BBL.

64.47

-1.02

-1.56

MAY-18

NY. NATURAL GAS

USD/MMBTU

2.801

0.069

2.53

APR-18

NY. HEATING OIL

USD/GAL.

1.8495

-0.0371

-1.95

APR-18


Metals Update DAILY SUPPORT & RESISTANCE COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

1322.17

1322.94

1323.94

1324.74

1325.77

SILVER

16.570

16.595

16.615

16.640

16.660

WTI CRUDEOIL

62.00

62.08

62.14

62.22

62.28

NATURALGAS

2.548

2.640

2.820

2.912

3.092

COPPER

3.134

3.138

3.144

3.148

3.116

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

-5325

COPPER

415.55

8.45

2.08%

COPPER

10000

LEAD

125.95

1.80

1.45%

LEAD

-125

ZINC

169.6

1.70

1.23%

ZINC

-2575

TIN

564.00

-4.10

-0.72%

TIN

110


Metals Update INTERNATIONAL COMMODITY NEWS  Gold prices turned lower on Monday, as market sentiment remained supported by expectations for a less aggressive rate hike policy by the Federal Reserve. Comex gold futures were down 0.52% at $1,317.1 a troy ounce by 08:05 a.m. ET (12:05 GMT). The dollar initially strengthened after the Labor Department reported on Friday that the U.S. economy added 313,000 jobs last month, beating economists’ forecasts of 200,000. It was the largest monthly increase in one-and-ahalf years. However the report also showed that average hourly earnings rose by just 0.1% in February for an annual rate of 2.6%, down from 2.8% in January. The slowdown in wage growth dampened expectations for four rate hikes by the Federal Reserve this year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 90.13, not far from Friday's one-week highs of 90.36.  Natural gas futures edged higher to start the week on Monday, boosted by forecasts for a bump in late-winter heating demand. Front-month U.S. natural gas futures tacked on 3.0 cents, or around 1.1%, to $2.763 per million British thermal units (btu) by 7:45AM ET (1145GMT). The commodity notched a gain of around 1.4% last week, its third such advance in a row, as weather forecasting models pointed to colder weather over the eastern U.S. through mid-March. Despite recent gains, market experts warned that futures are likely to remain vulnerable in the near-term as the coldest part of the winter has effectively passed. Spring usually sees the weakest demand for natural gas in the U.S, as the absence of extreme temperatures curbs demand for heating and air conditioning. The heating season from November through March is the peak demand period for U.S. gas consumption.  Norwegian employers and labor unions embarked on four weeks' of wage talks on Monday to stave off widespread strikes that risk impacting output in western Europe's biggest crude producer. Unlike most years, in which wages are set on an industry-by-industry basis to reduce complexity, the 2018 round rolls a majority of private sector firms into a single negotiation in a bid to resolve a stand-off over pension reform. "We've understood that there is no real will among employers to compromise from the outset," labor union negotiator Asle Reime, who will represent oil workers, told Reuters ahead of the talks. "Pension rights are important to all workers regardless of which industry they are in, that's why I think there is more weight behind the demands this year and also more willingness to strike," he added.


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

TRADING STRATEGY : BUY GOLD ABOVE 1325 TGT 1330 1340 SL BELOW 1315 SELL GOLD BELOW 1310 TGT 1305 1295 SL ABOVE 1320


Metals Update TODAY'S ECONOMIC EVENTS DISCLAIMER


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Daily comex report of 13 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 13 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...

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