Download - Daily Comex Report - Venza Research · daily comex commodity report Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial

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Page 1: Daily Comex Report - Venza Research · daily comex commodity report Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial

Date : 16-MARCH-2020

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Daily Comex Report

Daily Market Outlook

LME Inventory

Support _Resistance

News

Daily Candlestick

Page 2: Daily Comex Report - Venza Research · daily comex commodity report Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial

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

Page 3: Daily Comex Report - Venza Research · daily comex commodity report Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial

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

Page 4: Daily Comex Report - Venza Research · daily comex commodity report Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

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Date : 16-MARCH-2020

DAILY COMEX COMMODITY REPORT

Page 5: Daily Comex Report - Venza Research · daily comex commodity report Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial

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

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Date : 16-MARCH-2020

DAILY COMEX COMMODITY REPORT

Page 6: Daily Comex Report - Venza Research · daily comex commodity report Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial

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Date : 16-MARCH-2020

DAILY COMEX COMMODITY REPORT