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Transcript of Daily Comex Report - Venza Research â€؛ uploads â€؛ reports â€؛ comex-report-daily.pdf...

  • Date : 16-MARCH-2020

    Please refer to Disclaimer at the end of Report. www.venza.sg

    Daily Comex Report

     Daily Market Outlook

     LME Inventory

     Support _Resistance

     News

     Daily Candlestick

    http://www.venza.sg

  • PRECIOUS METALS AND INDUSTRIAL METALS

    COMMODITY UNIT PRICE CHANGE % CHANGE CONTRACT

    COMEX GOLD USD/T OZ. 1547.96 +18.47 +1.22% 20-APR

    COMEX SILVER USD/T OZ. 14.715 +0.215 +1.50% 20-MAY

    COMEX COPPER USD/LB. 2.451 -0.056 -2.23% 20-MAY

    PLATINUM USD/T OZ. 765.50 -1.10 -0.14% 20-APR

    ENERGY COMMODITY FUTURES

    COMMODITY UNIT PRICE CHANGE % CHANGE CONTRACT

    CRUDE OIL(WTI) USD/BBL. 31.59 -0.52 -1.62% 20-APR

    CRUDE OIL(BRENT) USD/BBL. 32.85 -1.00 -3.01% 20-MAY

    NY. NATURAL GAS USD/MMBTU 1.824 -0.061 -3.24% 20-APR

    NY. HEATING OIL USD/GAL. 1.0903 -0.0748 -6.42% 20-APR

    LME WAREHOUSE STOCKS (INVENTORY)

    METALS INVENTORY CHANGE (MT)

    ALUMINIUM -7500

    COPPER -3750

    LEAD 0

    NICKEL +6

    ZINC -300

    Date : 16-MARCH-2020

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    DAILY COMEX COMMODITY REPORT

    http://www.venza.sg

  • Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe

    global financial markets panicked by the rapid spread of the coronavirus while a price war rages on

    between top producers

    Brent Crude fell $1.13 to $32.72 a barrel by 0230 GMT, tumbling after last week's plunge of 25%, the largest weekly fall since 2008. The front-month price opened at a high of $35.84 but slipped to a low of $31.63.U.S. Crude was at $31.01, down 72 cents after slipping below $30 earlier in the session, despite U.S. President Donald Trump's pledge to fill strategic oil reserves in the world's largest oil consumer "to the top".

    The U.S. Fed slashed interest rates on Sunday in its second emergency cut this month, and said it would expand its balance sheet by at least $700 billion in coming weeks in a bid to ease tension in financial markets.

    COMMODITY SUPPOR –2 SUPPORT-1 PIVOT POINT RESISTANCE-1 RESISTANCE-2

    GOLD 1490.28 1524.06 1549.38 1583.16 1608.48

    SILVER 14.303 14.541 14.893 15.131 15.483

    WTI CRUDEOIL 28.82 29.82 31.15 32.15 33.48

    NATURALGAS 1.761 1.787 1.820 1.846 1.879

    COPPER 2.355 2.396 2.454 2.495 2.553

    DAILY SUPPORT & RESISTANCE

    INTERNATIONAL COMMODITY NEWS

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    Date : 16-MARCH-2020

    DAILY COMEX COMMODITY REPORT

    https://www.investing.com/commodities/crude-oil http://www.venza.sg

  • ECONOMIC CALENDAR

    Time Cur. Event Forecast Previous

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    Date : 16-MARCH-2020

    DAILY COMEX COMMODITY REPORT

    http://www.venza.sg

  • GOLD COMEX—DAILY CANDLESTICK

    CHART

    TRADING STRATEGY : BUY GOLD ABOVE 1560 TGT 1570 1580 SL BELOW 1548

    SELL GOLD BELOW 1540 TGT 1530 1520 SL ABOVE 1552

    Please refer to Disclaimer at the end of Report. www.venza.sg

    Date : 16-MARCH-2020

    DAILY COMEX COMMODITY REPORT

    http://www.venza.sg

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    Date : 16-MARCH-2020

    DAILY COMEX COMMODITY REPORT