daily comex research report by epic research for 14 august 2014

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Page 1: Daily comex research report by epic research for 14 august 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 AUGUST-2014

Page 2: Daily comex research report by epic research for 14 august 2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1314.6 0.10 0.01% DEC-14

COMEX SILVER USD/T OZ. 19.92 0.08 0.39% SEP-14

COMEX COPPER USD/LB. 3.1120 -0.0050 -0.15% SEP-14

PALTINUM USD/T OZ. 1471.50 1.00 0.07% OCT-14

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 97.38 -0.21 -0.22% SEP-14

CRUDE OIL(BRENT) USD/BBL. 104.61 -0.23 0.22% OCT-14

NY. NATURAL GAS USD/MMBTU 3.821 -0.001 -0.03% SEP-14

NY. HEATING OIL USD/GAL. 2.89 0.01 -0.17% SEP-14

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY MARKET OUTLOOK

14th AUGUST-2014

Page 3: Daily comex research report by epic research for 14 august 2014

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

GOLD(DEC-14) 1312.00 1312.40 1312.70 1313.10 1313.40

SILVER(SEP-14) 19.81 19.82 19.84 19.86 19.88

WTICRUDEOIL(SEP-14) 97.25 97.28 97.32 97.35 97.38

NATURALGAS(SEP-14) 3.809 3.815 3.818 3.824 3.827

COPPER(SEP-14) 3.1030 3.1060 3.1090 3.1110 3.1150

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 -8000

COPPER 6936.50 46.00 0.67% COPPER 675

LEAD 2140.50 1.00 0.05% LEAD unch

ZINC 2180.00 10.50 0.48% ZINC 9425

NICKEL 18625.00 345.00 1.89% NICKEL 858

TIN 22425.00 -175.00 -0.77% TIN -20

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY SUPPORT & RESISTANCE

14th AUGUST-2014

Page 4: Daily comex research report by epic research for 14 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

INTERNATIONAL COMMODITY NEWS

14th AUGUST-2014

• Gold prices eased in Asia on Thursday led by profit-taking after gains overnight on bearish U.S> retail sales data. On the Comex division of the New York Mercantile Exchange,goldfutures for December delivery traded at $1,313.00 a troy ounce, down 0.11%, after hitting an overnight session low of $1,306.10 and off a high of $1,316.20. Overnight, gold prices spiked afterU.S. retail sales figures disappointed markets, which reminded investors the Federal Reserve won't rush to tighten monetary policy. Core retail sales, which exclude auto sales, rose just 0.1% in July, below expectations for a 0.4% gain.

• Crude prices fell in Asia on Thursday, continuing overnight declines on a bearish U.S. stocks report and a lack of fresh geopolitical drivers. On the New York Mercantile Exchange, West Texas Intermediate crude oilfor delivery in September traded at $97.40 a barrel, down 0.20%, after hitting an overnight session low of $96.76 a barrel and a high of $97.64 a barrel.The U.S.Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 1.4 million barrels in the weekended Aug. 8, confounding expectations for a decline of 2.0 million barrels.

• Brent oil futures tumbled to a 13-month low on Wednesday, as global supplies were seen as ample despite ongoing violence inUkraine and the Middle East. On the ICE Futures Exchange in London, Brent oil for September delivery fell 0.36%, or 37 cents, to trade at $102.65 a barrel during European morning hours. The September Brent contract hit a session low of $102.37earlier, the weakest level since July 1, 2013.

• Copper futures fell to a seven-week low on Wednesday, after disappointing Chinese economic data fuelled concerns over the health of the world’s second largest economy. On the Comex division of the New York Mercantile Exchange, copper for September delivery declined 0.51%, or 1.6 cents, to trade at $3.139 a pound during European morning hours. Prices fell to a session low of $3.134 a pound earlier, the weakest level since June 25. A day earlier, copper futures lost 0.63%, or 2.0 cents, to settle at $3.154 a pound.

Page 5: Daily comex research report by epic research for 14 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

EPIC DAILY TOP PICKS

14th AUGUST-2014

GOLD COMEX -DAILY CANDLESTICK CHART

TRADING STRATEGY :

BUY GOLD ABOVE 1318 TG 1326,1336 SL 1308

SELL GOLD BELOW 1308 TG 1302,1292 SL 1318

Page 6: Daily comex research report by epic research for 14 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

TODAY'S ECONOMIC EVENTS

14th AUGUST-2014

Page 7: Daily comex research report by epic research for 14 august 2014

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 (orliability) 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 weconsider 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-madeinvestment 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 inviolation 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 andforecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understoodthat 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 profitsor 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

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Research Analyst : Nilesh Jain

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DISCLAIMER

14th AUGUST-2014