Daily comex research report by epic research for 18 august 2014

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Daily comex research report by epic research for 18 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: +917316642300 DAILY COMEX COMMODITY REPORT 18th AUGUST-2014
  2. 2. PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1305.8 -9.90 -0.75% DEC-14 COMEX SILVER USD/T OZ. 19.55 -0.35 -1.77% SEP-14 COMEX COPPER USD/LB. 3.1080 0.0170 0.53% SEP-14 PALTINUM USD/T OZ. 1457.75 -11.45 -0.78% OCT-14 ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 97.19 1.6 1.68% SEP-14 CRUDE OIL(BRENT) USD/BBL. 103.28 1.21 1.19% OCT-14 NY. NATURAL GAS USD/MMBTU 3.787 -0.119 -3.06% SEP-14 NY. HEATING OIL USD/GAL. 2.84 0.02 0.79% SEP-14 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY MARKET OUTLOOK 18th AUGUST-2014
  3. 3. COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD(DEC-14) 1303.93 1304.66 1306.03 1306.76 1308.13 SILVER(SEP-14) 19.52 19.57 19.61 19.66 19.70 WTICRUDEOIL(SEP-14) 96.90 96.96 97.04 97.10 97.18 NATURALGAS(SEP-14) 3.771 3.781 3.786 3.796 3.801 COPPER(SEP-14) 3.1050 3.1060 3.1070 3.1080 3.1090 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 -4575 COPPER 6936.50 46.00 0.67% COPPER unch LEAD 2140.50 1.00 0.05% LEAD unch ZINC 2180.00 10.50 0.48% ZINC 2875 NICKEL 18625.00 345.00 1.89% NICKEL 306 TIN 22425.00 -175.00 -0.77% TIN 20 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 DAILY SUPPORT & RESISTANCE 18th AUGUST-2014
  4. 4. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 INTERNATIONAL COMMODITY NEWS 18th AUGUST-2014 • Gold prices fell on Friday due to weak demand in Asia, though escalating tensions in Ukraine brought the yellow metal off session lows. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,304.70 a troy ounce during U.S. trading, down 0.84%, up from a session low of $1,293.80 and off a high of $1,316.40. Futures were likely to find support at $1,283.30 a troy ounce, the low from Aug. 5, and resistance at $1,321.80, Thursday's high. Gold has served as a hedge to geopolitical pressures in recent sessions, though weak Asian demand kept the precious metal in negative territory despite soft data in the U.S., which normally supports the asset. • Oil prices spiked on Friday on news of escalating tensions in Ukraine, which offset a mixed bag of data out of the U.S. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded up 1.43% at $96.95 a barrel during U.S. trading. New York-traded oil futures hit a session low of $95.33 a barrel and a high of $97.16 a barrel. Nymex oil futures were likely to find support at $95.26 a barrel, Thursday's low, and resistance at $98.58 a barrel, Monday's high.News that Ukrainian troops destroyed a portion of a Russian column of armored vehicles inside Ukraine sent oil prices spiking on fears the conflict will escalate and disrupt crude shipments out of Russia. • Profit taking sent natural gas futures falling on Friday, fueled by weather reports calling for a break in a U.S. heat wave. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.771 per million British thermal units during U.S. trading, down 3.46%. The commodity hit a session low of $3.765, and a high of $3.901. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ending Aug. 8 rose by 78 billion cubic feet, below expectations for an increase of 83 billion cubic feet.
  5. 5. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 EPIC DAILY TOP PICKS 18th AUGUST-2014 GOLD COMEX -DAILY CANDLESTICK CHART TRADING STRATEGY : SELL GOLD BELOW 1300 TG 1294,1284 SL 1310 BUY GOLD 1311 TG 1317,1327 SL 1301
  6. 6. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300 TODAY'S ECONOMIC EVENTS 18th 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: +917316642300 DISCLAIMER 18th AUGUST-2014

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