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Daily comex research report by epic research for 16 july 2014
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Daily comex research report by epic research for 16 july 2014

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Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other …

Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets.

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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 16th JULY-2014
  • 2. PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1297.10 -9.60 -0.73% AUG-14 GOLD SPOT USD/T OZ. 1293.84 -12.96 -0.99% N/A COMEX SILVER USD/T OZ. 20.76 -0.21 -1.00% SEP-14 SILVER SPOT USD/T OZ. 20.68 -0.23 -1.10% N/A COMEX COPPER USD/LB. 3.2480 -0.0050 -0.15% SEP-14 PALTINUM SPOT USD/T OZ. 1479.75 -11.50 -0.77% N/A ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 99.96 -0.95 -0.94% AUG-14 CRUDE OIL(BRENT) USD/BBL. 106.88 -0.83 -0.77% AUG-14 NY. NATURAL GAS USD/MMBTU 4.097 -0.050 -1.21% AUG-14 NY. HEATING OIL USD/GAL. 285.55 -1.74 -0.61% AUG-14 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY MARKET OUTLOOK 16th JULY-2014
  • 3. COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD(AUG-14) 1279.57 1288.33 1301.37 1310.13 1323.17 SILVER(SEP-14) 20.45 20.61 20.86 21.02 21.27 WTICRUDEOIL(AUG-14) 97.96 98.96 100.01 101.01 102.06 NATURALGAS(AUG-14) 4.035 4.066 4.112 4.143 4.189 COPPER(SEP-14) 3.2073 3.2277 3.2443 3.2647 3.2813 LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT) ALUMINIUM 1928.00 5.00 0.26% ALUMINIUM -9100 COPPER 7102.50 -52.00 -0.73% COPPER -25 LEAD 2175.00 -18.50 -0.84% LEAD UNCHANGED ZINC 2288.50 -27.00 -1.17% ZINC -1500 NICKEL 19260.00 50.00 0.26% NICKEL 612 TIN 22090.00 -80.00 -0.36% TIN UNCHANGED YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY SUPPORT & RESISTANCE 16th JULY-2014
  • 4. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 INTERNATIONAL COMMODITY NEWS 16th JULY-2014 • Gold prices fell further in Asia on Wednesday as investors reacted to remarks by Federal Reserve Chairwoman Janet Yellen that hinted rates could rise sooner if the economy ticks up faster than expected. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,295.10 a troy ounce, down 0.15%, after hitting an overnight session low of $1,293.10 and off a high of $1,314.50. • Silver for September delivery was down 0.63% at $20.758 a troy ounce. Copper futures for September delivery fell 0.08% to $3.248 a pound. • Crude oil prices rose in Asia on Wednesday as U.S. crude oil stocks fell sharply, according to industry data, showing solid demand. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $100.22 a barrel, up 0.26%, after hitting an vernight session low of $99.02 a barrel and a high of $101.20 a barrel. • Brent oil futures, the international benchmark, fell 0.9% to $106.02 a barrel on ICE Futures Europe to a three-month low on Tuesday. • Natural gas futures carried Monday's losses into Tuesday after updated weather-forecasting models continued to call for below- normal temperatures sweeping in from Canada into the Midwest to trek east. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.112 per million British thermal units during U.S. trading, down 0.86%. The commodity hit a session high of $4.158 and a low of $4.098. The August contract settled up 0.02% on Monday to end at $4.147 per million British thermal units. • Base metals mostly continued their consolidation mode during Wednesday’s Asian trade despite latest Chinese GDP data performing above expectations. Copper last at $7,128 per tonne is just $2 lower from Tuesday, while Aluminium at $1,964 is $4 higher – it peaked $1,967.25 on Tuesday, which is the highest level since June 2013. Stocks fell 9,100 tonnes to 4,986,175 tonnes, holding around September 2012 lows, while cancelled warrants dipped 10,825 tonnes to 2,931,800 tonnes. Zinc closed at $2,299, a $48 loss but recovered some $13 overnight to the current $2,312 per tonne. . Both stocks and cancelled warrants were 1,500 tonnes lower at 658,475 tonnes and 60,575 tonnes respectively. Lead hardly moved at $2,207 while nickel dropped $10 to $19,315 after a 612-tonne inventory increase to 308,322 tonnes. Tin at $22,110 is down $65, with no change in stocks.
  • 5. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 EPIC DAILY TOP PICKS 16th JULY-2014 PLATINUM-COMEX DAILY CANDLESTICK CHART TRADING STRATEGY : PLATINUM-COMEX has closed @ 1479.745. If it breaks the level of 1478, it can touch the level of 1470 & 1458 respectively. If it sustain above the level of 1497, it can touch the level of 1505, 1517 respectively. SELL PLATINUM-COMEX BELOW 1478 TGTS 1470, 1458 SL 1488. BUY PLATINUM-COMEX ABOVE 1497 TGTS 1505, 1517 SL 1487.
  • 6. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 TODAY'S ECONOMIC EVENTS 16th JULY-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