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DAILY COMEX COMMODITY REPORT 26th MARCH-2014

DAILY MARKET OUTLOOK 26th FEBRUARY-2014

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DAILY MARKET OUTLOOK 26th MARCH-2014

PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1310.40

-1.40

-0.11%

APR-14

GOLD SPOT

USD/T OZ.

1310.82

2.44

0.19%

N/A

COMEX SILVER

USD/T OZ.

19.96

0.05

0.25%

MAY-14

SILVER SPOT

USD/T OZ.

19.97

0.04

0.20%

N/A

COMEX COPPER

USD/LB.

2.9970

0.0490

1.66%

MAY-14

PALTINUM SPOT

USD/T OZ.

1418.75

-8.00

-0.56%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL(WTI)

USD/BBL.

99.28

-0.10

-0.10%

MAY-14

CRUDE OIL(BRENT)

USD/BBL.

106.92

0.35

0.33%

MAY-14

NY. NATURAL GAS

USD/MMBTU

4.399

0.108

2.52%

APR-14

NY. HEATING OIL

USD/GAL.

292.16

1.13

0.39%

APR-14

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DAILY SUPPORT & RESISTANCE 26th MARCH-2014

COMMODITY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

GOLD(APR-14)

1299.80

1305.10

1311.50

1316.80

1323.20

SILVER(MAY-14)

19.73

19.84

20.03

20.14

20.33

WTICRUDEOIL(APR-14)

98.04

98.66

99.44

100.06

100.84

NATURALGAS(APR-14)

4.213

4.306

4.367

4.460

4.521

COPPER(MAY-14)

2.9070

2.9520

2.9850

3.0300

3.0630

LME BASE METALS 3rd MONTH CONTRACT

LME WAREHOUSE STOCKS (INVENTORY)

METALS

PRICE ( $/MT )

METALS

INVENTORY CHANGE (MT)

ALUMINIUM

1760.00

ALUMINIUM

-7050

COPPER

6560.00

COPPER

3150

LEAD

2087.00

LEAD

UNCHANGED

ZINC

1975.50

ZINC

-3950

NICKEL

16300.00

NICKEL

108

TIN

23200.00

TIN

-30

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INTERNATIONAL COMMODITY NEWS 26th MARCH-2014

Gold prices traded flat in Asia on Wednesday on mild dollar support on growing prospects for rate hikes in the U.S. next year. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,311.80 a troy ounce, up 0.01%, after hitting an overnight session low of $1,306.20 and off a high of $1,317.90.

Silver for May delivery was down 0.06% at $19.968 a troy ounce, while copper futures for May delivery rose 0.15% at $2.997 a pound, mainly due to labor disputes in Chile that halted work at an Anglo American mine.

Crude oil prices rose slightly in Asia on Wednesday on continued geopolitical tensions over the Ukraine, but ample U.S. industry inventory data tempered gains. On the New York Mercantile Exchange, West Texas Intermediate crudeoil for delivery in May traded at $99.31, up 0.10%, after hitting an overnight session low of $98.82 a barrel and a high of $100.22 a barrel.

Brent crude for May delivery, which gauges global oil prices, rose 18 cents, or 0.2%, to $106.99 a barrel on the ICE Futures Europe exchange on Tuesday.

Natural gas futures shot up on Tuesday as blizzard was set to roar across the northeast and hike demand for heating. On the New York Mercantile Exchange, Natural Gas futures for delivery in May traded at $4.386 per million British thermal units during U.S. trading, up 2.66%. The commodity hit session high of $4.394 and a low of $4.275. The May contract settled down 0.58% on Monday to end at $4.272 per million British thermal units.

Tight supplies and transportation bottlenecks have driven the price of ethanol, a key ingredient in blended gasoline, above regular gasoline prices for the first time in over two years. Front-month April futures contracts for ethanol jumped 13.9 cents per gallon to $2.988 a gallon on Monday. April futures prices for a type of gasoline that contains ethanol and is cheaper than regular gasoline, reformulated regular gasoline blendstock (RBOB), slipped by 1.7 cents per gallon to $2.8909 per gallon the same day.

Base metals put in a mixed and relatively quiet performance yesterday, ending the day little changed, with the copper price off 0.2 percent at $6,469.50 and nickel up 0.4 percent at $16,128. The fact prices did not reach more negatively to generally disappointing flash PMI numbers is encouraging. The zinc price with a 0.8 percent gain to $1,960.25, while the others are little changed. The fact copper and zinc are up the most points to bargain hunting as they are the two metals that seem to have suffered the most in recent weeks.

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EPIC DAILY TOP PICKS 26th MARCH-2014

COPPER-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY : COPPER-COMEX has closed @ 3.0360. If it sustain above the level of 3.0490, it can touch the level of 3.0611 & 3.0764 respectively. If it breaks the level of 3.0150, it can touch the level of 3.0022 & 2.9875 respectively. BUY COPPER-COMEX ABOVE 3.0490 TGTS 3.0611, 3.0764 SL 3.0350. SELL COPPER-COMEX BELOW 3.0150 TGTS 3.0022, 2.9875 SL 3.0290.

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TODAY'S ECONOMIC EVENTS 26th MARCH-2014

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Daily comex trading report by epic research 26 march 2014