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16-April-2019
Metals Update
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co
Please refer to disclaimer at the end of the report.
Metals Update
DAILY MARKET OUTLOOK
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1289.05 -2.25 -0.17 APR-19
COMEX SILVER USD/T OZ. 14.912 -0.063 -0.42 MAY-19
COMEX COPPER USD/LB. 2.928 -0.006 -0.20 MAY-19COMEX COPPER USD/LB. 2.928 -0.006 -0.20 MAY-19
PLATINUM USD/T OZ.
890.30 -1.55 -0.17 APR-19
ENERGY COMMODITY FUTURES
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL(WTI) USD/BBL. 63.33 -0.07 -0.11 APR-19
CRUDE OIL(BRENT) USD/BBL. 70.97 -0.21 -0.28 MAY-19
NY. NATURAL GAS USD/MMBTU 2.588 0.001 0.04 APR-19
NY. HEATING OIL USD/GAL. 2.0547 -0.0093 -0.45 APR-19
Metals Update
DAILY SUPPORT & RESISTANCE
COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2
GOLD 1281.95 1286.65 1290.05 1294.75 1298.15
SILVER 14.726 14.846 14.917 15.037 15.108
WTI CRUDEOIL 62.69 63.09 68.43 63.83 64.17
NATURALGAS 2.544 2.568 2.610 2.634 2.676
COPPERCOPPER 2.903 2.919 2.933 2.949 2.963
LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LM WAREHOUSE STOCKS (INVENTORY)
METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (
MT )
ALUMINIUM 149.40 0.90 0.61 ALUMINIUM -7525
COPPER 439.00 -7.00 -1.57 COPPER -675
LEAD 132.35 -1..60 -1.19 LEAD -700
ZINC 230.50 2.85 1.25 TIN NA
TIN 1444.50 2.75 0.19 ZINC 3925
Metals Update
INTERNATIONAL COMMODITY NEWS
 Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight for
market share, checking a recent sharp rally driven by tighter global production. Brent crude oil futures were at $71.08 a
barrel at 0111 GMT, down 10 cents, or 0.1 percent, from their last close. Brent ended down 0.5 percent on Monday. U.S.
West Texas Intermediate (WTI) crude futures were at $63.39 per barrel, down 2 cents, or 0.1 percent, from their previous
settlement. WTI fell 0.8 percent on Monday. Russian Finance Minister Anton Siluanov said over the weekend that Russia
and OPEC may decide to boost production to fight for market share with the United States, but this would push oil as low as
$40 per barrel. "There is a growing concern that Russia will not agree on extending production cuts and we could see them
officially abandon it in the coming months," said Edward Moya, senior market analyst, OANDA.
 President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China
as a winner, no matter what happened. "We're going to win either way. We either win by getting a deal or we win by not
getting a deal," Trump said during a visit to a business roundtable in Burnsville, Minnesota. The world's two biggest
economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply
chains. Trump's administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for
an end to policies that Washington says hurt U.S. companies competing with Chinese firms. China responded with its own
tit-for-tat tariffs on U.S. goods. Trump's Treasury secretary, Steven Mnuchin, said earlier on Monday that trade negotiators
are making a lot of progress. He told Fox Business Network there is more work to do, however, including enforcement.
 Venezuela sold about $400 million in gold despite a growing international push to freeze the country’s assets, according
to two people with knowledge of the matter. The amount, which would equal almost 9 tons, was reflected by a drop in the
bank’s total reserves, which fell to $8.6 billion on April 12, according to data provided by the central bank. About $5.1 billion
of that is gold. A central bank press official didn’t immediately respond to requests for comment on the sale Monday. The
sale could mean President Nicolas Maduro has found a way to skirt the economic blockade. Maduro has blown through
reserves, selling gold to firms in the United Arab Emirates and Turkey, as sanctions increasingly cut off his authoritarian
regime from the global financial system.
 Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight for
market share, checking a recent sharp rally driven by tighter global production. Brent crude oil futures were at $71.08 a
barrel at 0111 GMT, down 10 cents, or 0.1 percent, from their last close. Brent ended down 0.5 percent on Monday. U.S.
West Texas Intermediate (WTI) crude futures were at $63.39 per barrel, down 2 cents, or 0.1 percent, from their previous
settlement. WTI fell 0.8 percent on Monday. Russian Finance Minister Anton Siluanov said over the weekend that Russia
and OPEC may decide to boost production to fight for market share with the United States, but this would push oil as low as
$40 per barrel. "There is a growing concern that Russia will not agree on extending production cuts and we could see them
officially abandon it in the coming months," said Edward Moya, senior market analyst, OANDA.
 President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China
as a winner, no matter what happened. "We're going to win either way. We either win by getting a deal or we win by not
getting a deal," Trump said during a visit to a business roundtable in Burnsville, Minnesota. The world's two biggest
economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply
chains. Trump's administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for
an end to policies that Washington says hurt U.S. companies competing with Chinese firms. China responded with its own
tit-for-tat tariffs on U.S. goods. Trump's Treasury secretary, Steven Mnuchin, said earlier on Monday that trade negotiators
are making a lot of progress. He told Fox Business Network there is more work to do, however, including enforcement.
 Venezuela sold about $400 million in gold despite a growing international push to freeze the country’s assets, according
to two people with knowledge of the matter. The amount, which would equal almost 9 tons, was reflected by a drop in the
bank’s total reserves, which fell to $8.6 billion on April 12, according to data provided by the central bank. About $5.1 billion
of that is gold. A central bank press official didn’t immediately respond to requests for comment on the sale Monday. The
sale could mean President Nicolas Maduro has found a way to skirt the economic blockade. Maduro has blown through
reserves, selling gold to firms in the United Arab Emirates and Turkey, as sanctions increasingly cut off his authoritarian
regime from the global financial system.
Metals Update
EPIC DAILY TOP PICKS
GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY :
BUY GOLD ABOVE 1294 TGT 1299 1309 SL BELOW 1285
SELL GOLD BELOW 1283 TGT 1279 1269 SL ABOVE 1290
Metals Update
TODAY'S ECONOMIC EVENTS DISCLAIMER
Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial
advisory provider companies in the private sector.
DISCLAIMER
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. 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 ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of
the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity 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.
For India: Info@epicresearch.co Address: 8th Floor, Atulya IT Park, Bhawarkua Main Rd, Indore, (M.P.) 452014 +91 -731- 6642300
For United States- HNI& NRI Sales Contact: 2117 Arbor Vista Dr. Charlotte (NC)-Cell: +1 704 249 23
For Australia- HNI & NRI Sales Contact: Mintara Road, Tarneit, Victoria, Post Code 3029 Cell: +61 422 063855
Singapore- www.epicresearch.sg Contact +65-3158-1402
Malaysia- www.epicresearch.my Contact +60-3502-19047
Metals Update
Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial
advisory provider companies in the private sector.
DISCLAIMER
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. 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 ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of
the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity 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.

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Comex Report By Epic Research 16 April 2019

  • 1. 16-April-2019 Metals Update For More Information Please visit www.epicresearch.co or contact info@epicresearch.co Please refer to disclaimer at the end of the report.
  • 2. Metals Update DAILY MARKET OUTLOOK PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1289.05 -2.25 -0.17 APR-19 COMEX SILVER USD/T OZ. 14.912 -0.063 -0.42 MAY-19 COMEX COPPER USD/LB. 2.928 -0.006 -0.20 MAY-19COMEX COPPER USD/LB. 2.928 -0.006 -0.20 MAY-19 PLATINUM USD/T OZ. 890.30 -1.55 -0.17 APR-19 ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 63.33 -0.07 -0.11 APR-19 CRUDE OIL(BRENT) USD/BBL. 70.97 -0.21 -0.28 MAY-19 NY. NATURAL GAS USD/MMBTU 2.588 0.001 0.04 APR-19 NY. HEATING OIL USD/GAL. 2.0547 -0.0093 -0.45 APR-19
  • 3. Metals Update DAILY SUPPORT & RESISTANCE COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD 1281.95 1286.65 1290.05 1294.75 1298.15 SILVER 14.726 14.846 14.917 15.037 15.108 WTI CRUDEOIL 62.69 63.09 68.43 63.83 64.17 NATURALGAS 2.544 2.568 2.610 2.634 2.676 COPPERCOPPER 2.903 2.919 2.933 2.949 2.963 LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LM WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE ( MT ) ALUMINIUM 149.40 0.90 0.61 ALUMINIUM -7525 COPPER 439.00 -7.00 -1.57 COPPER -675 LEAD 132.35 -1..60 -1.19 LEAD -700 ZINC 230.50 2.85 1.25 TIN NA TIN 1444.50 2.75 0.19 ZINC 3925
  • 4. Metals Update INTERNATIONAL COMMODITY NEWS  Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight for market share, checking a recent sharp rally driven by tighter global production. Brent crude oil futures were at $71.08 a barrel at 0111 GMT, down 10 cents, or 0.1 percent, from their last close. Brent ended down 0.5 percent on Monday. U.S. West Texas Intermediate (WTI) crude futures were at $63.39 per barrel, down 2 cents, or 0.1 percent, from their previous settlement. WTI fell 0.8 percent on Monday. Russian Finance Minister Anton Siluanov said over the weekend that Russia and OPEC may decide to boost production to fight for market share with the United States, but this would push oil as low as $40 per barrel. "There is a growing concern that Russia will not agree on extending production cuts and we could see them officially abandon it in the coming months," said Edward Moya, senior market analyst, OANDA.  President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened. "We're going to win either way. We either win by getting a deal or we win by not getting a deal," Trump said during a visit to a business roundtable in Burnsville, Minnesota. The world's two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains. Trump's administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for an end to policies that Washington says hurt U.S. companies competing with Chinese firms. China responded with its own tit-for-tat tariffs on U.S. goods. Trump's Treasury secretary, Steven Mnuchin, said earlier on Monday that trade negotiators are making a lot of progress. He told Fox Business Network there is more work to do, however, including enforcement.  Venezuela sold about $400 million in gold despite a growing international push to freeze the country’s assets, according to two people with knowledge of the matter. The amount, which would equal almost 9 tons, was reflected by a drop in the bank’s total reserves, which fell to $8.6 billion on April 12, according to data provided by the central bank. About $5.1 billion of that is gold. A central bank press official didn’t immediately respond to requests for comment on the sale Monday. The sale could mean President Nicolas Maduro has found a way to skirt the economic blockade. Maduro has blown through reserves, selling gold to firms in the United Arab Emirates and Turkey, as sanctions increasingly cut off his authoritarian regime from the global financial system.  Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight for market share, checking a recent sharp rally driven by tighter global production. Brent crude oil futures were at $71.08 a barrel at 0111 GMT, down 10 cents, or 0.1 percent, from their last close. Brent ended down 0.5 percent on Monday. U.S. West Texas Intermediate (WTI) crude futures were at $63.39 per barrel, down 2 cents, or 0.1 percent, from their previous settlement. WTI fell 0.8 percent on Monday. Russian Finance Minister Anton Siluanov said over the weekend that Russia and OPEC may decide to boost production to fight for market share with the United States, but this would push oil as low as $40 per barrel. "There is a growing concern that Russia will not agree on extending production cuts and we could see them officially abandon it in the coming months," said Edward Moya, senior market analyst, OANDA.  President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened. "We're going to win either way. We either win by getting a deal or we win by not getting a deal," Trump said during a visit to a business roundtable in Burnsville, Minnesota. The world's two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains. Trump's administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for an end to policies that Washington says hurt U.S. companies competing with Chinese firms. China responded with its own tit-for-tat tariffs on U.S. goods. Trump's Treasury secretary, Steven Mnuchin, said earlier on Monday that trade negotiators are making a lot of progress. He told Fox Business Network there is more work to do, however, including enforcement.  Venezuela sold about $400 million in gold despite a growing international push to freeze the country’s assets, according to two people with knowledge of the matter. The amount, which would equal almost 9 tons, was reflected by a drop in the bank’s total reserves, which fell to $8.6 billion on April 12, according to data provided by the central bank. About $5.1 billion of that is gold. A central bank press official didn’t immediately respond to requests for comment on the sale Monday. The sale could mean President Nicolas Maduro has found a way to skirt the economic blockade. Maduro has blown through reserves, selling gold to firms in the United Arab Emirates and Turkey, as sanctions increasingly cut off his authoritarian regime from the global financial system.
  • 5. Metals Update EPIC DAILY TOP PICKS GOLD COMEX -DAILY CANDLESTICK CHART TRADING STRATEGY : BUY GOLD ABOVE 1294 TGT 1299 1309 SL BELOW 1285 SELL GOLD BELOW 1283 TGT 1279 1269 SL ABOVE 1290
  • 6. Metals Update TODAY'S ECONOMIC EVENTS DISCLAIMER
  • 7. Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial advisory provider companies in the private sector. DISCLAIMER 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. 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 ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity 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. For India: Info@epicresearch.co Address: 8th Floor, Atulya IT Park, Bhawarkua Main Rd, Indore, (M.P.) 452014 +91 -731- 6642300 For United States- HNI& NRI Sales Contact: 2117 Arbor Vista Dr. Charlotte (NC)-Cell: +1 704 249 23 For Australia- HNI & NRI Sales Contact: Mintara Road, Tarneit, Victoria, Post Code 3029 Cell: +61 422 063855 Singapore- www.epicresearch.sg Contact +65-3158-1402 Malaysia- www.epicresearch.my Contact +60-3502-19047 Metals Update Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial advisory provider companies in the private sector. DISCLAIMER 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. 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 ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity 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.