4. INTERNATIONAL COMMODITY NEWS
07th MARCH-2014
•
Gold prices eased slightly in Asian trade on Friday, retracing overnight gains in the U.S. after the European Central Bank left
monetary policy unchanged and sparked demand for the single currency, which came at the greenback's expense. On the Comex
division of the New York Mercantile Exchange, gold futures for April delivery traded at US$1,350.00 a troy ounce, down 0.13%,
afterhitting an overnight session low of $1,331.40 and off a high of $1,352.40.
•
Silver for May delivery was down 0.19% US$21.533 a troy ounce, while copper futures for May delivery were down 0.03% at
US$3.215 a pound.
•
Crude oil prices gained in Asia on Friday as the markets shrugged off bearish factors such as ample U.S. supplies and looked
ahead to prospects of renewed flareups in the Ukraine over a referendum on the sovereignty of the Crimean peninsula. On the
New York Mercantile Exchange, West Texas Intermediate crude for delivery in April traded at 101.85 a barrel, up 0.28%, after
hitting an overnight session low of $100.17 a barrel and a high of $101.63 a barrel. The U.S. Energy Information Administration
said Wednesday that U.S. crude oil inventories rose by 1.4 million barrels in the week ended Feb. 28, surpassing expectations for
an increase of 1.3 million barrels, which sent prices falling on concerns the country is awash in crude. Total U.S. crude oil
inventories stood at 363.8 million barrels as of last week. The report also showed that total motor gasoline inventories decreased
by 1.6 million barrels, compared to forecasts for a drop of 1.2 million barrels, while distillate stockpiles increased by 1.4 million
barrels, confounding expectations for a withdrawal of 1.2 million barrels.
•
the ICE Futures Exchange in London, Brent oil futures for April delivery rose 0.7%, or $7.70, at $108.51 a barrel, from an intraday
low of $107.37 a barrel overnight.
•
Natural gas futures shot up on Thursday after weekly U.S. supply data revealed the country's stockpiles fell more than expected
last week. On the New York Mercantile Exchange, natural gas futures for delivery in April traded at $4.613 per million British
thermal units during U.S. trading, up 1.99%. The commodity hit session high of $4.694 and a low of $4.510. The April contract
settled down 3.09% on Wednesday to end at $4.523 per million British thermal units.
•
In the metals, copper slipped $20 to $7,010 per tonne even after inventories fell a net 1,500 tonnes to 272,175 tonnes. Zinc
surged to a one-year high on Tuesday and remained strong today – it was $11 higher at $2,133, helped by CTA activity. Volumes
at 8,100 lots have outpaced copper’s 7,100 lots.
YOUR MINTVISORY
WWW.EPICRESEARCH.CO
CALL: +917316642300
5. EPIC DAILY TOP PICKS
07th MARCH-2014
BRENT-CRUDEOIL-NYMEX DAILY CANDLESTICK CHART
TRADING STRATEGY :
BRENT-CRUDEOIL-NYMEX has closed @ 108.31. If it breaks the level of 108.05, it can touch the level of 107.55 & 106.86 respectively. If it sustain
above the level of 109.32, it can touch the level of 109.85 & 110.59 respectively.
SELL BRENT-CRUDEOIL-NYMEX BELOW 108.05 TGTS 107.55, 106.86 SL 108.75.
BUY BRENT-CRUDEOIL-NYMEX ABOVE 109.32 TGTS 109.85, 110.59 SL 108.62.
YOUR MINTVISORY
WWW.EPICRESEARCH.CO
CALL: +917316642300
7. 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, 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