Daily comex report of 20 april 2018 by epic research

20-April-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.

1347.00

-6.50

-0.47

APR-18

COMEX SILVER

USD/T OZ.

17.245

-0.003

-0.02

MAY-18

COMEX COPPER

USD/LB.

3.131

-0.027

-0.87

MAY-18

PLATINUM

USD/T OZ.

939.30

-6.50

-0.68

Apr-18

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL(WTI)

USD/BBL.

68.83

0.36

0.53

APR-18

CRUDE OIL(BRENT)

USD/BBL.

74.23

0.75

1.02

MAY-18

NY. NATURAL GAS

USD/MMBTU

2.672

-0.067

-2.45

APR-18

NY. HEATING OIL

USD/GAL.

2.1136

0.0222

1.06

APR-18

Metals Update DAILY SUPPORT & RESISTANCE COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

1338.50

1346.00

1352.50

1360.00

1366.50

SILVER

16.710

16.970

17.085

17.345

17.460

WTI CRUDEOIL

65.63

67.05

67.98

69.40

70.33

NATURALGAS

2.698

2.718

2.754

2.774

2.810

COPPER

3.138

3.146

3.155

3.163

3.172

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

-8150

COPPER

415.55

8.45

2.08%

COPPER

-4125

LEAD

125.95

1.80

1.45%

LEAD

125

ZINC

169.6

1.70

1.23%

ZINC

-2250

TIN

564.00

-4.10

-0.72%

TIN

85

Metals Update INTERNATIONAL COMMODITY NEWS  Gold prices moved lower on Thursday, as the dollar wallowed around the unchanged mark and yields on U.S. Treasuries rose. Comex gold futures fell $2.60, or around 0.2%, at $1,350.90 a troy ounce by 10:23AM ET (14:23GMT), while the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slipped 0.04% to 89.31. The yield on the 10-year Treasury topped 2.9% on Thursday, a day after theyield on the 2-year hit its highest level since September 2008. The move lower in gold, which does not pay interest, may be due to its inability to compete with yield-bearing fixed income. Economic data released on Thursday gave a mixed reading, as weekly jobless claimsdipped less than expected. Still, the U.S. economy is still considered to be at or near full employment with the jobless rate at a 17year low of 4.1%.  Oil prices rose to their highest level in over three and a half years on Thursday after news that Saudi Arabian officials want the price of oil to rise. Crude oil futures rose 1.07% to $69.20 a barrel by 10:28 AM ET (14:28 GMT), its highest level since November 2014 and a session high. Brent crude futures, the benchmark for oil prices outside the U.S., was up 1.42% to $74.52a barrel. Saudi Arabia officials would like the price of oil to continue rising to $80 or even $100, Reuters reported on Wednesday. The news signals that the de-facto leader will not seek any changes on the Organization of the Petroleum Exporting Countries’ and Russia deal to cut production. OPEC has been cutting crude output by 1.8 million barrels per day (bpd) to prop up oil prices.  The U.S. Energy Information Administration said in its weekly report thatnatural gas storage in the U.S. fell by 36 billion cubic feet in the week ended April 13, compared to forecasts for a decline of 23 billion. Thursday’s data compared with a draw of 19 billion cubic feet (bcf) in the preceding week and represented a decline of 808 billion from a year earlier and was also 449 bcf below the five-year average. Total U.S. natural gas storage stood at 1.299 trillion cubic feet, 38.3% lower than levels at this time a year ago and also 25.7% 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 fell 1.2 cents, or about 1.2%, to trade at $2.707 per million British thermal units by 10:33AM ET (14:33GMT). Futures had been trading down 5.2 cents, or about 1.9%, at $2.687 prior to the release of the supply data.

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

TRADING STRATEGY : BUY GOLD ABOVE 1355 TGT 1360 1370 SL BELOW 1345 SELL GOLD BELOW 1335 TGT 1330 1320 SL ABOVE 1345

Metals Update TODAY'S ECONOMIC EVENTS DISCLAIMER

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