Daily comex research report by epic research for 28 august 2014

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Daily comex research report by epic research for 28 august 2014

  1. 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: +6531581402 DAILY COMEX COMMODITY REPORT 28th AUGUST-2014
  2. 2. PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1286.5 3.10 0.24% DEC-14 COMEX SILVER USD/T OZ. 19.56 0.09 0.45% DEC-14 COMEX COPPER USD/LB. 3.1970 0.0020 0.06% DEC-14 PALTINUM USD/T OZ. 1422.05 3.15 0.22% OCT-14 ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 93.79 -0.1 -0.10% OCT-14 CRUDE OIL(BRENT) USD/BBL. 102.70 0.06 0.06% OCT-14 NY. NATURAL GAS USD/MMBTU 4.001 -0.022 -0.55% OCT-14 NY. HEATING OIL USD/GAL. 2.87 0.00 0.04% OCT-14 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402 DAILY MARKET OUTLOOK 28th AUGUST-2014
  3. 3. COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD(DEC-14) 1286.23 1286.66 1287.03 1287.46 1287.83 SILVER(DEC-14) 19.54 19.54 19.56 19.56 19.58 WTICRUDEOIL(OCT-14) 93.80 93.83 93.88 93.91 93.95 NATURALGAS(OCT-14) 3.999 4.000 4.002 4.003 4.005 COPPER(DEC-14) 3.1980 3.2000 3.2010 3.2020 3.2 LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT) ALUMINIUM 1857.00 -9.50 -0.51% ALUMINIUM -16925 COPPER 6936.50 46.00 0.67% COPPER -1150 LEAD 2140.50 1.00 0.05% LEAD -50 ZINC 2180.00 10.50 0.48% ZINC -1325 NICKEL 18625.00 345.00 1.89% NICKEL 246 TIN 22425.00 -175.00 -0.77% TIN -250 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402 DAILY SUPPORT & RESISTANCE 28th AUGUST-2014
  4. 4. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402 INTERNATIONAL COMMODITY NEWS 28th AUGUST-2014 • Gold prices edged lower in listless trading on Wednesday ahead of a flurry of economic indicators due for release on Thursday. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,284.00 a troy ounce during U.S. trading, down 0.09%, up from a session low of $1,281.10 and off a high of $1,288.30.The December contract settled up 0.49% at $1,285.20 on Tuesday. Futures were likely to find support at $1,273.40 a troy ounce, Thursday's low, and resistance at $1,291.90, Tuesday's high.Gold has come under pressure recently on sentiments that the Federal Reserve remains on track to close up stimulus programs around October and begin raising interest rates in 2015. • Natural gas prices rose on Wednesday amid expectations that seasonably warm temperatures will hike demand for the commodity at the nation's thermal power plants as households crank up their air conditioning .On the New York Mercantile Exchange, natural gas futures for delivery in October were up 1.51% at $4.009 per million British thermal units during U.S. trading. The commodity hit a session low of $3.966, and a high of $4.032.The October contract settled down 0.75% on Tuesday to end at $3.949 per million British thermal units.Natural gas futures were likely to find support at $3.732 per million British thermal units, the low from Aug. 17, and resistance at $4.172, the high from July 14.Updated weather forecasting models called for seasonably warm temperatures across most of the country for the coming days, with parts of the eastern and central U.S. seeing above-normal mercury readings into the first week of September. • Crude oil prices dipped in early Asia on Thursday as ample supplies diminished concerns over oil-producing geopolitical hotspots and the prospects of faster economic growth in the United States. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in October traded at $93.74 a barrel, down 0.15%, after hitting an overnight session low of $93.39 a barrel and a high of $94.24 a barrel. Overnight, crude prices slipped despite a bullish weekly supply report, as the data revealed that inventories rose at a key U.S. delivery point. The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories declined by 2.1 million barrels in the week ended Aug. 22, far surpassing expectations for a decline of 1.3 million barrels
  5. 5. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402 EPIC DAILY TOP PICKS 28th AUGUST-2014 GOLD COMEX -DAILY CANDLESTICK CHART TRADING STRATEGY : BUY GOLD ABOVE 1287 TGT 1291,1296 SL 1282 SELL GOLD BELOW 1280 TGT 1276,1271 SL 1285
  6. 6. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402 TODAY'S ECONOMIC EVENTS 28th AUGUST-2014
  7. 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: +6531581402 DISCLAIMER 28th AUGUST-2014

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