Daily comex research report by epic research for 04 july 2014

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DAILY COMEX COMMODITY REPORT

04th JULY-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1320.60 -10.30 -0.77% AUG-14

GOLD SPOT USD/T OZ. 1319.08 -7.35 -0.55% N/A

COMEX SILVER USD/T OZ. 21.2 0.02 0.09% SEP-14

SILVER SPOT USD/T OZ. 21.13 0.00 0.00% N/A

COMEX COPPER USD/LB. 3.2800 0.0220 0.68% SEP-14

PALTINUM SPOT USD/T OZ. 1496.25 -9.50 -0.63% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 104.06 -0.42 -0.40% AUG-14

CRUDE OIL(BRENT) USD/BBL. 111.00 -0.24 -0.22% AUG-14

NY. NATURAL GAS USD/MMBTU 4.406 0.049 1.12% AUG-14

NY. HEATING OIL USD/GAL. 292.84 -1.77 -0.60% AUG-14


DAILY MARKET OUTLOOK

04th JULY-2014

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

GOLD(AUG-14) 1300.07 1310.33 1319.67 1329.93 1339.27

SILVER(SEP-14) 20.71 20.96 21.08 21.33 21.45

WTICRUDEOIL(AUG-14) 103.39 103.72 104.01 104.34 104.63

NATURALGAS(AUG-14) 4.300 4.353 4.382 4.435 4.464

COPPER(SEP-14) 3.2333 3.2567 3.2693 3.2927 3.3053

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

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

ALUMINIUM 1890.00 28.00 1.50% ALUMINIUM -8075

COPPER 7121.00 71.00 1.01% COPPER 275

LEAD 2160.50 20.50 0.96% LEAD 19900

ZINC 2230.00 22.50 1.02% ZINC -1175

NICKEL 19795.00 715.00 3.75% NICKEL -456

TIN 22850.00 95.00 0.42% TIN 155


DAILY SUPPORT & RESISTANCE

04th JULY-2014


INTERNATIONAL COMMODITY NEWS

04th JULY-2014

• Gold prices held steady in Asia on Friday in thin trade ahead of U.S. public holiday. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,320.50 a troy ounce, down 0.01%, after hitting an overnight session low of $1,310.50 and off a high of $1,328.40.

• Silver for September delivery rose 0.08% at $21.153 a troy ounce. Copper futures for September delivery were up 0.10% at $3.278 a pound.

• Crude oil prices eased marginally in Asia on Friday with U.S. markets shut and possible supply disruption issues from Libya and Iraq on the wane. On the New York Mercantile Exchange, West Texas Intermediate crude oi oil for delivery in August traded at $103.99 a barrel,down 0.07%, after hitting an overnight session low of $103.68 a barrel and a high of $104.31 a barrel, posting six straight sessions of declines.

• Brent oil on the ICE futures exchange fell 0.2% to $111.00 a barrel.

• Natural gas futures rose on Thursday after a weekly U.S. supply report met market expectations. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.368 per million British thermal units during U.S. trading, up 0.24%. The commodity hit a session high of $4.409 and a low of $4.331. The August contract settled down 2.20% on Wednesday to end at $4.357per million British thermal units.

• Base metals stepped back from early highs during Thursday LME premarket trading when the momentum that swept the complex to multi-week and multi-month highs slowed and investors paused ahead of the day's key economic data-event, the US June jobs report. The copper price hit $7,150, further capitalising on the break above $7,100, before it stepped back to $7,128, a $3 gain from Wednesday's close. The zinc price hit its highest since August 2011 at $2,270.25 and then dropped back to $2,240, an $8 loss. But the market is up some 3.8 percent over two days. Stocks fell 1,175 tonnes to 665,600 tonnes, the lowest since December 2010. Lead pricesreversed direction after inventories jumped 19,900 tonnes to 213,600 tonnes, the highest since January 8, with all the inflow warranted in Antwerp. Prices, which had hit a six-month peak of $2,230 earlier, stumbled back to $2,199, a $7.50 loss now from the Wednesday close. The aluminium price got to $1,936.25 and then traded at $1,924, up just $1 now. Inventories were 8,075 tonnes lower at 5,058,325 tonnes. The nickel price got to within $10 of $20,000 and recently traded at $19,791, up $166 - stocks were down 456 tonnes at 304,938 tonnes. The tin price at $22,800 registered a $225 loss; inventories were up 155 tonnes at 11,715 tonnes, their highest since November 2013.


EPIC DAILY TOP PICKS

04th JULY-2014

GOLD-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

GOLD-COMEX has closed @ 1319.08. If it breaks the level of 1317, it can touch the level of 1309 & 1297 respectively. If it sustain above the level

of 1332, it can touch the level of 1340, 1352 respectively.

SELL GOLD-COMEX BELOW 1317 TGTS 1309, 1297 SL 1327.

BUY GOLD-COMEX ABOVE 1332 TGTS 1340, 1352 SL 1322.


TODAY'S ECONOMIC EVENTS

04th JULY-2014

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Daily comex research report by epic research for 04 july 2014

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