daily comex research report by epic research for 20 august 2014

7
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.MY CALL: +6531581402 DAILY COMEX COMMODITY REPORT 20 th AUGUST-2014

Upload: epicresearch

Post on 02-Apr-2016

215 views

Category:

Documents


2 download

DESCRIPTION

Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets.

TRANSCRIPT

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.MY CALL: +6531581402

DAILY COMEX COMMODITY REPORT

20th AUGUST-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1297.1 0.40 0.03% DEC-14

COMEX SILVER USD/T OZ. 19.45 0.04 0.20% SEP-14

COMEX COPPER USD/LB. 3.0920 0.0030 0.09% SEP-14

PALTINUM USD/T OZ. 1440.70 1.40 0.10% OCT-14

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 92.85 -0.01 0.02% OCT-14

CRUDE OIL(BRENT) USD/BBL. 101.53 -0.12 -0.11% OCT-14

NY. NATURAL GAS USD/MMBTU 3.858 -0.018 -0.46% SEP-14

NY. HEATING OIL USD/GAL. 2.82 0.00 -0.13% SEP-14

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

DAILY MARKET OUTLOOK

20th AUGUST-2014

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

GOLD(DEC-14) 1296.57 1296.94 129737.00 1297.74 1298.17

SILVER(SEP-14) 19.43 19.45 19.46 19.48 19.49

WTICRUDEOIL(OCT-14) 92.78 92.80 92.83 92.84 92.88

NATURALGAS(SEP-14) 3.843 3.853 3.863 3.873 3.883

COPPER(SEP-14) 3.0830 3.0880 3.0910 3.0960 3.0990

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 -8075

COPPER 6936.50 46.00 0.67% COPPER 4075

LEAD 2140.50 1.00 0.05% LEAD -75

ZINC 2180.00 10.50 0.48% ZINC -875

NICKEL 18625.00 345.00 1.89% NICKEL -306

TIN 22425.00 -175.00 -0.77% TIN 120

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

DAILY SUPPORT & RESISTANCE

20th AUGUST-2014

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

INTERNATIONAL COMMODITY NEWS

20th AUGUST-2014

• Oil prices carried Monday's selloff into Tuesday as investors ignored upbeat U.S. data, ditching the commodity on perceptionsthat the global market is awash in crude at a time geopolitical pressures are waning. In the New York Mercantile Exchange,West Texas Intermediate crude oil for delivery in October traded down 1.06% at $92.76 a barrel during U.S. trading. New York-traded oil futures hit a session low of $92.65 a barrel and a high of $94.37 a barrel. The October contract settled down 1.65%at $93.75 a barrel on Monday.Nymex oil futures were likely to find support at $91.43 a barrel, the low from Jan.13 , andresistance at $95.14 a barrel, Monday's high.

• Forecasts for rising temperatures across the U.S. Midwest sent natural gas prices rising on Tuesday. On the New YorkMercantile Exchange, natural gas futures for delivery in September traded at $3.897 per million British thermal units duringU.S. trading, up 2.76%. The commodity hit a session low of $3.781, and a high of $3.915.

• Gold prices dipped on Tuesday after upbeat U.S. housing and consumer inflation cemented expectations for the FederalReserve to chip away at its ultra-loose monetary policies that have supported the precious metal for years On the Comexdivision of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,296.70 a troy ounce during U.S.trading, down 0.20%, up from a session low of $1,295.00 and off a high of $1,303.30.The December contract settled down0.53% at $1,299.30 on Monday.

• Copper futures edged higher on Tuesday, as market players looked ahead to the release of key U.S. data later in the sessionfor further indications on the strength of the economy. On the Comex division of the New York Mercantile Exchange, copper forSeptember delivery inched up 0.24%, or 0.7 cents, to trade at $3.117 a pound during European morning hours.Prices held in anarrow range between $3.106 and $3.122 a pound.

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

EPIC DAILY TOP PICKS

20th AUGUST-2014

GOLD COMEX -DAILY CANDLESTICK CHART

TRADING STRATEGY :

BUY GOLD COMEX ABOVE 1300 TGT 1304,1309 SL1295

SELL GOLD COMEX BELOW 1292 TGT 1288,1283 SL1297

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

TODAY'S ECONOMIC EVENTS

20th 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

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 InformationProvided 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.MY CALL: +6531581402

DISCLAIMER

20th AUGUST-2014