Daily comex research report by epic research for 06 june 2014
-
Upload
epicresearch -
Category
Documents
-
view
212 -
download
0
description
Transcript of Daily comex research report by epic research for 06 june 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
06th JUNE-2014
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1253.30 9.00 0.72% AUG-14
GOLD SPOT USD/T OZ. 1253.42 9.87 0.79% N/A
COMEX SILVER USD/T OZ. 19.03 0.24 1.28% JULY-14
SILVER SPOT USD/T OZ. 19.03 0.24 1.28% N/A
COMEX COPPER USD/LB. 3.0930 0.0040 0.13% JULY-14
PALTINUM SPOT USD/T OZ. 1442.75 7.00 0.49% N/A
ENERGY COMMODITY FUTURES
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL(WTI) USD/BBL. 102.48 -0.16 -0.16% JULY-14
CRUDE OIL(BRENT) USD/BBL. 108.89 0.81 0.75% JULY-14
NY. NATURAL GAS USD/MMBTU 4.701 0.061 1.31% JULY-14
NY. HEATING OIL USD/GAL. 287.97 3.16 1.11% JULY-14
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY MARKET OUTLOOK
06th JUNE-2014
COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2
GOLD(AUG-14) 1234.10 1243.70 1250.80 1260.40 1267.50
SILVER(JULY-14) 18.50 18.77 18.94 19.21 19.38
WTICRUDEOIL(JULY-14) 101.17 101.82 102.26 102.91 103.35
NATURALGAS(JULY-14) 4.533 4.617 4.670 4.754 4.807
COPPER(JULY-14) 3.0623 3.0777 3.0923 3.1077 3.1223
LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY)
METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT)
ALUMINIUM 1828.50 32.00 1.78% ALUMINIUM -5125
COPPER 6800.00 -35.00 -0.51% COPPER -550
LEAD 2080.00 -15.00 -0.72% LEAD -50
ZINC 2094.00 13.50 0.65% ZINC -3050
NICKEL 19005.00 55.00 0.29% NICKEL 564
TIN 23240.00 10.00 0.04% TIN -30
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY SUPPORT & RESISTANCE
06th JUNE-2014
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
INTERNATIONAL COMMODITY NEWS
06th JUNE-2014
• Gold prices rose slightly in Asia on Friday as a follow-on to ultra-loose monetary policy by the European Central Bank overnight with the focus now on U.S. data later today expected to show a gain of 218,000 jobs.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,253.50a troy ounce, up 0.02%, after hitting a session high $1,257.70 a troy ounce. Prices rallied by as much as 1.06% after the ECB decision and hit a session high of $1,257.70. Gold declined 0.02%, or 20 cents, on Wednesday to settle at $1,244.30. Prices hit an 18-week low of $1,240.20 on June 3. The European Central Bank cut its benchmark interest rate to a record-low 0.15% from the 0.25% rate held since November earlier in the day.
• Silver for July delivery fell 0.18% to trade at $19.048 a troy ounce. Copper for July delivery rose 0.05% to trade at $3.093 a pound amid growing concerns over the demand outlook in China.
• Crude oil prices eased slightly in Asia on Friday ahead of U.S. data expected to show a gain of 218,000 jobs, underpinning continued strength for the dollar. On the New York Mercantile Exchange, U.S. Crude oil for delivery in July traded at $102.45 a barrel, down 0.03%, after falling to a session low of $101.61 a barrel, the weakest level since May 21, before trimming losses.
• The ICE Brent oil contract erased early losses and rose 0.4% to $108.79, ending four straight losing sessions.
• Natural gas futures turned lower on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in July shed 0.59%, or 2.8 cents, to trade at $4.613 per million Britishthermal units during U.S. morning hours. Futures traded at $4.663 prior to the release of the supply data. Prices rose to a daily high of $4.688 per million British thermal units earlier, the most since May 8. Natural gas futures ended Wednesday’s session up 0.24%, or 1.1 cents, to settle at $4.640.
• Base metals were mixed during Thursday morning trading sessions, but remained within recent ranges as the market waited for key news and data releases from the EU and US. The copper price at $6,783 per tonne was down $2 on the previous day’s close, while more than 7,000 lots were changing hands so far. Nickel business was up $60 at $19,080 as it found support from news from Indonesia. The aluminium price at $1,845 was up $10 as stocks continue to fall – both stocks and cancelled warrants lost 5,125 tonnes to 5,170,375 tonnes and 2,851,250 tonnes respectively. The lead price was $1 higher at $2,104 with a 50-tonne reduction in stocks to 190,375 tonnes. Sister metal zinc at $2,077 fell $2 although stocks at 700,375 tonnes are now the lowest since December 29, 2010. The tin price at $23,239 increased $14 with a 50 tonne drop in inventories to 10,885 tonnes.
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
EPIC DAILY TOP PICKS
06th JUNE-2014
NATURALGAS-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY :
NATURALGAS-NYMEX has closed @ 4.698. If it sustain above the level of 4.733, it can touch the level of 4.783 & 4.852 respectively. If it breaks the
level of 4.585, it can touch the level of 4.535, 4.464 respectively.
BUY NATURALGAS-NYMEX ABOVE 4.733 TGTS 4.783, 4.852 SL 4.678.
SELL NATURALGAS-NYMEX BELOW 4.585 TGTS 4.535, 4.464 SL 4.640.
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (orliability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that weconsider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-madeinvestment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek
the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is inviolation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates andforecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understoodthat anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the
site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profitsor loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial
instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any InformationProvided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
Research Analyst : Nilesh Jain
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
DISCLAIMER