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Daily comex analysis report by epic research 23 april 2014

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Daily comex analysis report by epic research 23 april 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: +917316642300 DAILY COMEX COMMODITY REPORT 23rd APRIL-2014
  2. 2. PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1284.90 -4.90 -0.38% JUNE-14 GOLD SPOT USD/T OZ. 1283.33 -6.17 -0.48% N/A COMEX SILVER USD/T OZ. 19.42 0.01 0.05% MAY-14 SILVER SPOT USD/T OZ. 19.40 -0.03 -0.15% N/A COMEX COPPER USD/LB. 3.0560 0.0110 0.36% MAY-14 PALTINUM SPOT USD/T OZ. 1398.25 -0.75 -0.05% N/A ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 101.92 -1.58 -1.53% MAY-14 CRUDE OIL(BRENT) USD/BBL. 109.44 -0.52 -0.47% MAY-14 NY. NATURAL GAS USD/MMBTU 4.771 0.060 1.27% MAY-14 NY. HEATING OIL USD/GAL. 301.01 -0.27 -0.09% MAY-14 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY MARKET OUTLOOK 23rd APRIL-2014
  3. 3. COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD(JUNE-14) 1269.97 1277.43 1285.07 1292.53 1300.17 SILVER(MAY-14) 19.18 19.30 19.41 19.53 19.64 WTICRUDEOIL(MAY-14) 100.27 101.09 102.34 103.16 104.41 NATURALGAS(MAY-14) 4.668 4.719 4.748 4.799 4.828 COPPER(MAY-14) 3.0127 3.0343 3.0477 3.0693 3.0827 LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT) ALUMINIUM 1847.00 10.00 0.54% ALUMINIUM 4475 COPPER 6628.50 -2.50 -0.04% COPPER -375 LEAD 2133.00 12.00 0.57% LEAD -1675 ZINC 2067.50 10.00 0.49% ZINC -3100 NICKEL 18230.00 245.00 1.36% NICKEL 282 TIN 23675.00 355.00 1.52% TIN UNCHANGED YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY SUPPORT & RESISTANCE 23rd APRIL-2014
  4. 4. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 • Gold prices rebounded in Asia on Wednesday with China in focus as the HSBC April flash Performance of Manufacturing Index suggested China's manufacturing sector is on track to record a fifth straight month of contraction, though there was a slight increase from March. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,284.80 a troy ounce up 0.29%, after hitting an overnight session low of $1,277.60 and off a high of $1,292.70. • Silver for May delivery was up 0.48% at US$19.453 a troy ounce, while copper futures for May delivery rose 0.03% at US$3.059 a pound. • Crude oil prices rebounded in Asia on Wednesday after industry data pointed to a mixed stocks picture on U.S. supplies. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.93 a barrel, up 0.18%, after hitting an overnight session low of $101.51 a barrel and a high of $103.66 a barrel. • Brent crude on the ICE futures exchange fell 68 cents, or 0.6%, to $109.27 a barrel on Tuesday. • Natural gas prices posted modest gains on Tuesday after updated weather-forecasting models called for below-normal temperatures across portions of the central and eastern U.S. in the coming week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.738 per million British thermal units during U.S. trading, up 0.49%. The commodity hit session high of $4.760 and a low of $4.696. The June contract settled down 0.82% on Monday to end at $4.715 per million British thermal units. • Base metals jostled for position during Tuesday LME premarket trading, awaiting direction and incentives following its reopening after the four-day Easter holiday. In the metals, copper neared $6,600 per tonne at one stage, holding at $6,615, down $34 on Thursday’s close. Warehouse stocks fell a net 375 tonnes to 241,925 tonnes, the lowest since November 2012.Nickel regained the $18,000 level after last week’s brief correction, touching $18,275, its best since February 2013. It then settled at $18,250, up $325. Warehouse stocks saw a 282-tonne increase to 277,716 tonnes. Aluminium at $1,879 was $14 higher but stocks climbed 4,475 tonnes to 5,320,050 tonnes. Zinc at $2,072 was up $11.50 – inventories fell 3,100 tonnes to 798,400 tonnes, the lowest since the end of March. Lead touched $2,160, the highest since March 5, before holding at $2,156, up $14- inventories were down 1,675 tonnes at 198,725 tonnes. Tin was unchanged at $23,405, with inventories also static at 9,515 tonnes. INTERNATIONAL COMMODITY NEWS 23rd APRIL-2014
  5. 5. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 EPIC DAILY TOP PICKS 23rd APRIL-2014 WTI-CRUDEOIL-NYMEX DAILY CANDLESTICK CHART TRADING STRATEGY : WTI-CRUDEOIL-NYMEX has closed @ 101.87. If it breaks the level of 101.48, it can touch the level of 100.98 & 100.26 respectively. If it sustain above the level of 102.26, it can touch the level of 102.76 & 103.55 respectively. SELL WTI-CRUDEOIL-NYMEX BELOW 101.48 TGTS 100.98, 10.26 SL 102.18. BUY WTI-CRUDEOIL-NYMEX ABOVE 102.26 TGTS 102.76, 103.55 SL 101.56.
  6. 6. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 TODAY'S ECONOMIC EVENTS 23rd APRIL-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: +917316642300 DISCLAIMER

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