Daily comex research report by epic research for 01 july 2014

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Transcript of Daily comex research report by epic research for 01 july 2014

Our Presence

Epic Research India HNI & NRI Sales Contact USA Toll Free Number

411 Milinda Manor (Suites 409-425) 2117 Arbor Vista Dr. Charlotte (NC) 1-800-200-9454

2 RNT Marg. Opp Central Mall Cell: +1 704 249 2315 All queries should be directed to

Indore (M.P.) [email protected]

Hotline: +91 731 6642300 HNI & NRI Sales Contact Australia

Or give us a missed call at Mintara Road, Tarneit, Victoria, Post Code 3029

026 5309 0639 Phone: +61 422 063855

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY COMEX COMMODITY REPORT

01st JULY-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1322.00 6.20 0.47% AUG-14

GOLD SPOT USD/T OZ. 1326.97 11.25 0.86% N/A

COMEX SILVER USD/T OZ. 21.07 0.07 0.33% SEP-14

SILVER SPOT USD/T OZ. 21.00 0.07 0.33% N/A

COMEX COPPER USD/LB. 3.2050 0.0370 1.17% SEP-14

PALTINUM SPOT USD/T OZ. 1481.75 7.00 0.47% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 105.37 -0.13 -0.12% AUG-14

CRUDE OIL(BRENT) USD/BBL. 112.36 -0.77 -0.68% AUG-14

NY. NATURAL GAS USD/MMBTU 4.461 0.030 0.68% AUG-14

NY. HEATING OIL USD/GAL. 297.53 -2.17 -0.72% AUG-14

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DAILY MARKET OUTLOOK

01st JULY-2014

COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2

GOLD(AUG-14) 1301.73 1311.87 1321.13 1331.27 1340.53

SILVER(SEP-14) 20.66 20.87 21.01 21.22 21.36

WTICRUDEOIL(AUG-14) 104.16 104.77 105.26 105.87 106.36

NATURALGAS(AUG-14) 4.329 4.395 4.444 4.510 4.559

COPPER(SEP-14) 3.1443 3.1747 3.1923 3.2227 3.2403

LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY)

METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT)

ALUMINIUM 1850.50 0.50 0.03% ALUMINIUM -7675

COPPER 6955.00 -21.00 -0.30% COPPER -475

LEAD 2129.00 -9.50 -0.44% LEAD 400

ZINC 2204.50 22.00 1.01% ZINC -525

NICKEL 18715.00 -50.00 -0.27% NICKEL -900

TIN 21855.00 -495.00 -2.21% TIN 100

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DAILY SUPPORT & RESISTANCE

01st JULY-2014

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INTERNATIONAL COMMODITY NEWS

01st JULY-2014

• Gold prices rose in Asia on Tuesday after solid manufacturing data in the country set the tone for demand by a top importer of the yellow metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,328.60 a troy ounce, up 0.50%, after hiitng an overnight session low of $1,311.20 and off a high of $1,330.20.

• Silver for September delivery was up 0.32% at $21.123 a troy ounce. Copper futures for September delivery were up 0.05% at $3.207 a pound.

• Crude oil prices gained in Asia on Tuesday after strong PMI data from China set the tone on demand prospects. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $105.60 a barrel, up 0.21%, after hiting an overnight session low of $104.67 a barrel and a high of $105.75 a barrel.

• Brent oil on the ICE futures exchange slid 0.8%, to $112.36 a barrel on Monday, but gained 4.3% this quarter and 1.4% in the first half of the year. Prices rose 2.7% for the month.

• Natural gas futures rebounded on Monday after bottom fishers snapped up nicely-priced positions in the commodity and took back losses stemming from last week's bearish supply report. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.481 per million British thermal units during U.S. trading, up 1.62%. The commodity hit a session high of $4.493 and a low of $4.379. The August contract settled down 0.72% on Friday to end at $4.409 per million British thermal units.

• Base metals traded mixed during Tuesday’s Asian trade, following the release of the HSBC flash manufacturing PMI as well as the official PMI data. Copper was last flat at $7,015 per tonne, while zinc at $2,204 gave back $13 overnight after closing at $2,217 per tonne. Aluminium continued to be languish below $1,900 – it closed at $1,891 and is last at $1,887 per tonne. Inventories were down 7,675 tonnes at 5,046,200 tonnes, the lowest again since October 2012. Lead is lower as well, losing $7 to last trade at $2,166 from Monday’s $2,173. There was a 400-tonne stock increase to 193,800 tonnes. Nickel cleared the $19,000 mark on Monday, and is now at $19,027, $13 lower than Monday’s close. Technical buyers could come into the market,traders said, especially if the dollar is kept soft. Tin is lower as well, with last trade at $22,502, $43 lower than Monday’s $22,545amidst a stock climb of 100 tonnes to 11,385 tonnes, another seven-month high.

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EPIC DAILY TOP PICKS

01st JULY-2014

PLATINUM-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 3.2000. If it sustain above the level of 3.2090, it can touch the level of 3.2190 & 3.2340 respectively. If it breaks

the level of 3.1683, it can touch the level of 3.1583, 3.1433 respectively.

BUY PLATINUM-COMEX ABOVE 3.2090 TGTS 3.2190, 3.2340 SL 3.1980.

SELL PLATINUM-COMEX BELOW 3.1683 TGTS 3.1583, 3.1433 SL 3.1793.

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TODAY'S ECONOMIC EVENTS

01st JULY-2014

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