daily comex research report by epic research 14 may 2014

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Page 1: Daily comex research report by epic research 14 may 2014

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.) [email protected]

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

14th MAY-2014

Page 2: Daily comex research report by epic research 14 may 2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1295.20 -0.50 -0.04% JUNE-14

GOLD SPOT USD/T OZ. 1293.39 -2.21 -0.17% N/A

COMEX SILVER USD/T OZ. 19.56 0.02 0.10% JULY-14

SILVER SPOT USD/T OZ. 19.51 0.00 0.00% N/A

COMEX COPPER USD/LB. 3.1390 -0.0070 -0.22% JULY-14

PALTINUM SPOT USD/T OZ. 1450.25 16.00 1.12% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 101.86 1.34 1.33% JUNE-14

CRUDE OIL(BRENT) USD/BBL. 108.67 0.89 0.83% JUNE-14

NY. NATURAL GAS USD/MMBTU 4.369 -0.041 -0.93% JUNE-14

NY. HEATING OIL USD/GAL. 294.95 2.84 0.97% JUNE-14

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY MARKET OUTLOOK

14th MAY-2014

Page 3: Daily comex research report by epic research 14 may 2014

COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2

GOLD(JUNE-14) 1284.80 1290.00 1294.40 1299.60 1304.00

SILVER(JULY-14) 19.27 19.41 19.51 19.65 19.75

WTICRUDEOIL(JUNE-14) 99.75 100.80 101.42 102.47 103.09

NATURALGAS(JUNE-14) 4.275 4.322 4.395 4.442 4.515

COPPER(JULY-14) 3.1077 3.1233 3.1387 3.1543 3.1697

LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY)

METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT)

ALUMINIUM 1739.00 -0.50 -0.03% ALUMINIUM -13875

COPPER 6884.50 -45.50 -0.66% COPPER -2350

LEAD 2100.00 7.00 0.33% LEAD 200

ZINC 2065.00 2.50 0.12% ZINC -2150

NICKEL 21200.00 350.00 1.68% NICKEL 222

TIN 23225.00 -150.00 -0.64% TIN -20

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY SUPPORT & RESISTANCE

14th MAY-2014

Page 4: Daily comex research report by epic research 14 may 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

INTERNATIONAL COMMODITY NEWS

14th MAY-2014

• Gold prices eased in Asia on Wednesday in thin trade as investors await further cues on the dollar. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,293.10 a troy ounce, down 0.13%, after hitting an overnight session low of $1,289.20 and off a high of $1,298.80.

• Silver comex for July delivery was down 0.05% at $19.538 a troy ounce. Copper futures for July delivery were up 0.07% at $3.135 a pound.

• Crude oil prices rose in Asia on Wednesday after data pointed to a drop in U.S. gasoline stocks with the summer driving season gearing up. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.87 a barrel, up 0.16%, after hitting an overnight session low of $100.37 a barrel and a high of $101.51 a barrel.

• Brent oil on the ICE futures exchange rose 83 cents, or 0.8%, to $109.24 a barrel on Tuesday, the highest settlement since April 25.

• Natural gas prices fell on Tuesday after updated weather-forecasting models continued to call for mild temperatures to settle in across much of the U.S., which should crimp demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.386 per million British thermal units during U.S. trading, down 1.09%. The commodity hit session high of $4.547 and a low of $4.468. The June contract settled down 2.14% on Monday to end at $4.434 per million British thermal units.

• Base metals business turned choppy during Tuesday's LME premarket - the momentum seen during Monday's robust advances faltered after the release of under-performing Chinese economic data.The copper price peaked at $6,893.25 per tonne and then settled back at $6,878, a $1 loss from the Monday close. Warehouse inventories fell for the 15th day in a row - down a net 2,350 tonnes at 202,975 tonnes, the lowest since October 2008. The nickel price burst above $21,000 to trade as high as $21,625 and then fell away to $20,771, down $129. The red-hot rally is showing signs of becoming technically overstretched but there is little sign of a significant correction. the zinc price at $2,086 was up $6, with inventories down 2,150 tonnes at 757,975 tonnes, the lowest for two months. Lead traded at $2,127, up $1.50, even after inventories rose 200 tonnes to 193,675 tonnes.The aluminium price was unchanged at $1,785 - inventories were down 13,875 tonnes at 5,289,600 tonnes, the lowest since mid-March. Tin at $23,050 rose $75 - stocks fell 20 tonnes to 9,620 tonnes.

Page 5: Daily comex research report by epic research 14 may 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

EPIC DAILY TOP PICKS

14th MAY-2014

SILVER-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

SILVER-COMEX has closed @ 19.51. If it sustain above the level of 19.59, it can touch the level of 19.74 & 19.90 respectively. If it breaks the level of

19.13, it can touch the level of 18.98, 18.82 respectively.

BUY SILVER-COMEX ABOVE 19.59 TGTS 19.74, 19.90 SL 19.34.

SELL SILVER-COMEX BELOW 19.13 TGTS 18.98, 18.82 SL 19.38.

Page 6: Daily comex research report by epic research 14 may 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

TODAY'S ECONOMIC EVENTS

14th MAY-2014

Page 7: Daily comex research report by epic research 14 may 2014

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