Daily comex research report by epic research for 11 june 2014

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Transcript of Daily comex research report by epic research for 11 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

11th JUNE-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1260.10 6.20 0.49% AUG-14

GOLD SPOT USD/T OZ. 1259.59 7.50 0.60% N/A

COMEX SILVER USD/T OZ. 19.18 0.14 0.74% JULY-14

SILVER SPOT USD/T OZ. 19.17 0.12 0.63% N/A

COMEX COPPER USD/LB. 3.0550 0.0100 0.33% JULY-14

PALTINUM SPOT USD/T OZ. 1478.25 29.00 2.00% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 104.35 -0.06 -0.06% JULY-14

CRUDE OIL(BRENT) USD/BBL. 108.86 -0.29 -0.27% JULY-14

NY. NATURAL GAS USD/MMBTU 4.530 -0.115 -2.48% JULY-14

NY. HEATING OIL USD/GAL. 288.41 -0.71 -0.25% JULY-14

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DAILY MARKET OUTLOOK

11th JUNE-2014

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

GOLD(AUG-14) 1244.30 1252.20 1258.00 1265.90 1271.70

SILVER(JULY-14) 18.72 18.95 19.09 19.32 19.46

WTICRUDEOIL(JULY-14) 103.38 103.87 104.46 104.95 105.54

NATURALGAS(JULY-14) 4.446 4.488 4.562 4.604 4.678

COPPER(JULY-14) 3.0077 3.0313 3.0457 3.0693 3.0837

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

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

ALUMINIUM 1865.00 -5.50 -0.29% ALUMINIUM -6450

COPPER 6695.50 28.00 0.42% COPPER -425

LEAD 2108.00 3.50 0.17% LEAD UNCHANGED

ZINC 2106.50 -22.50 -1.06% ZINC -2475

NICKEL 18455.00 -305.00 -1.63% NICKEL 1914

TIN 23050.00 -85.00 -0.37% TIN -25

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DAILY SUPPORT & RESISTANCE

11th JUNE-2014

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INTERNATIONAL COMMODITY NEWS

11th JUNE-2014

• Gold prices eased in Asia on Wednesday with fresh cues sought for the yellow metal. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,259.60 a troy ounce, down 0.04%, after hitting an overnight session low of $1,250.40 and off a high of $1,263.70.

• Silver for July delivery was up 0.10% at $19.188 a troy ounce. Copper futures for July delivery fell 0.07% at $3.055 a pound.

• Crude oil prices fell in Asia Wednesday as industry data on U.S. crude stocks failed to lift sentiment. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in July traded at $104.32 a barrel, down 0.03%, after hitting an overnight session low of $104.04 a barrel and a high of $105.05 a barrel.

• Brent oil on the ICE futures exchange fell 0.4% to $109.52 a barrel.

• Natural gas futures moved lower on Tuesday after updated weather-forecasting models predicted that a storm system trekking across the central and eastern U.S. will bring damp and cooler temperatures that should cut into demand for air conditioning. Onthe New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.577 per million British thermal units during U.S. trading, down 1.47%. The commodity hit a session high of $4.663 and a low of $4.564. The July contract settled down 1.38% on Monday to end at $4.645 per million British thermal units.

• The copper price, initially stable on Tuesday, slipped away to fresh one-month lows during the LME pre-market session on dull sentiment, pulling the rest of the metals lower in their wake. The copper price touched a low of $6,628 and then settled at $6,648 per tonne, a $22 fall from the previous close. In inventory data, stocks fell a net 425 tonnes to 166,825 tonnes, the lowest since late-August 2008. The aluminium price, which broke above $1,900 to $1,918 yesterday, its best since August 2013,was less decisive this morning- it dropped back to $1,895, a $16 loss. Stocks were down 6,450 tonnes at 5,146,525 tonnes, the lowest for 13 months. Zinc stepped back from 16-month peak set late yesterday at $2,145 to trade at $2,120, an $11 decline - inventories fell, however. They declined 2,475 tonnes to 695,750 tonnes, the lowest since December 2010. Lead business at $2,128 was $13 lower - stocks held at 190,775 tonnes. The nickel price eased to $18,677 from $18,905, with stocks rising 1,914tonnes to 286,626 tonnes, just 48 tonnes below the late-March all-time high. Tin business at $23,050 was $240 lower - stocks fell 25 tonnes to 10,770 tonnes.

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EPIC DAILY TOP PICKS

11th JUNE-2014

NATURALGAS-NYMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.538. If it breaks the level of 4.518, it can touch the level of 4.468 & 4.396 respectively. If it sustain above the

level of 4.636, it can touch the level of 4.686, 4.758 respectively.

SELL NATURALGAS-NYMEX BELOW 4.518 TGTS 4.468, 4.396 SL 4.573.

BUY NATURALGAS-NYMEX ABOVE 4.636 TGTS 4.686, 4.758 SL 4.581.

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TODAY'S ECONOMIC EVENTS

11th JUNE-2014

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