Daily analysis of comex report by epic research 11 april 2014

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Indian traders are very fascinated for trading in precious metals, keeping it in mind EPIC RESEARCH offer COMEX SILVER TIPS and GOLD TIPS all over India. Hire our professionals and receive quick …

Indian traders are very fascinated for trading in precious metals, keeping it in mind EPIC RESEARCH offer COMEX SILVER TIPS and GOLD TIPS all over India. Hire our professionals and receive quick alerts on the market.

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  • 1. 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.) Info@epicresearch.co 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 APRIL-2014
  • 2. PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1318.50 7.10 0.54% JUNE-14 GOLD SPOT USD/T OZ. 1318.73 7.25 0.55% N/A COMEX SILVER USD/T OZ. 20.02 0.12 0.60% MAY-14 SILVER SPOT USD/T OZ. 20.03 0.16 0.81% N/A COMEX COPPER USD/LB. 3.0370 -0.0090 -0.30% MAY-14 PALTINUM SPOT USD/T OZ. 1454.75 15.00 1.04% N/A ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 103.23 -0.15 -0.15% MAY-14 CRUDE OIL(BRENT) USD/BBL. 107.34 -0.50 -0.46% MAY-14 NY. NATURAL GAS USD/MMBTU 4.638 0.073 1.60% MAY-14 NY. HEATING OIL USD/GAL. 293.71 -1.27 -0.43% MAY-14 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY MARKET OUTLOOK 11th APRIL-2014
  • 3. COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD(APR-14) 1304.50 1311.50 1318.20 1325.20 1331.90 SILVER(MAY-14) 19.61 19.81 20.10 20.30 20.59 WTICRUDEOIL(APR-14) 102.70 102.97 103.38 103.65 104.06 NATURALGAS(APR-14) 4.443 4.541 4.621 4.719 4.799 COPPER(MAY-14) 3.0097 3.0233 3.0357 3.0493 3.0617 LME BASE METALS OFFICIAL PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT) ALUMINIUM 1853.50 62.00 3.46% ALUMINIUM -3700 COPPER 6637.50 7.00 0.11% COPPER -750 LEAD 2087.50 17.00 0.82% LEAD UNCHANGED ZINC 2033.50 10.00 0.49% ZINC -3150 NICKEL 17050.00 550.00 3.33% NICKEL -1158 TIN 23375.00 25.00 0.11% TIN 20 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY SUPPORT & RESISTANCE 11th APRIL-2014
  • 4. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 • Gold prices dipped slightly in Asia Friday in profit-taking after two days of gains. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,320.00 a troy ounce, down 0.04%, after hitting an overnight session low of $1,311.10 and off a high of $1,324.90. Overnight, gold prices rose on continued carryover from the minutes from the Federal Reserve's March policy meeting that revealed concerns among monetary authorities that U.S. consumer prices remain soft. • Silver for May delivery was down 0.31% at US$20.028 a troy ounce, while copper futures for May delivery were down 0.06% at US$3.037 a pound. • Crude oil prices eased in Asia on Friday on a timid global demand outlook underscored by Chinese trade numbers and a weak U.S. supply report. On the New York Mercantile Exchange, West Texas Intermediate crudeoil for delivery in May traded $103.19 a barrel, down 0.21%, after hitting an overnight session low of $103.12 a barrel and a high of $103.80 a barrel. • Brent crude on ICE Futures Europe eased 52 cents, or 0.5%, to $107.46 a barrel on Thursday. • Natural gas futures shot up on Thursday after weekly U.S. inventory data revealed heavier demand for the commodity thanks to a recent cool snap than markets were expecting. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.669 per million British thermal units during U.S. trading, up 1.80%. The commodity hit session high of $4.702 and a low of $4.525. The May contract settled up 1.15% on Wednesday to end at $4.5864 per million British thermal units. • Base metals climbed in Thursday’s premarket, with the nickel and aluminium price hitting fresh multi-month highs, while lead touched a one-month high. The copper price at $6,626 per tonne was up $9 on Wednesday’s close - stocks fell a net 750 tonnes to 250,025 tonnes, still their lowest since December 2012, but cancelled warrants dropped 3,725 tonnes to 109,975 tonnes. The aluminium price peaked at a five-month high of $1,876 and was last at $1,870, up $13. Stocks fell 3,700 tonnes at 5,350,750 tonnes and cancelled warrants were down 7,150 tonnes at 2,989,325 tonnes. Still, nickel is the star performer - it broke above $17,000 to a session and fresh one-year high of $17,111. It was last at $17,070, up $352, with stocks down 1,158 tonnes at 278,844 tonnes and cancelled warrants up 702 tonnes to 133,200 tonnes. The lead price was at a one-month high at $2,104.25, an increase of $15.25, with stocks unchanged at 202,400 tonnes. Zinc gained $15 to $2,037 - stocks fell 3,150 tonnes to 817,900 tonnes. Tin at $23,300 was up $45 although stocks climbed 20 tonnes to 9,440 tonnes. The spreads are tightening, with cash/threes in a backwardation of $29.25 and cash-to-May at $28.00. INTERNATIONAL COMMODITY NEWS 11th APRIL-2014
  • 5. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 EPIC DAILY TOP PICKS 11th APRIL-2014 NATURALGAS-NYMEX DAILY CANDLESTICK CHART TRADING STRATEGY : NATURAL GAS-NYMEX has closed @ 4.632. If it sustain above the level of 4.680, it can touch the level of 4.725 & 4.772 respectively. If it breaks the level of 4.529, it can touch the level of 4.482 & 4.430 respectively. BUY NATURAL GAS-NYMEX ABOVE 4.680 TGTS 4.725, 4.772 SL 4.625. SELL NATURAL GAS-NYMEX BELOW 4.529 TGTS 4.482, 4.430 SL 4.585.
  • 6. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 TODAY'S ECONOMIC EVENTS 11th APRIL-2014
  • 7. 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 (or liability) 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 we consider 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-made investment 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 in violation 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 and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that 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 profits or 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 Information Provided 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