daily comex research report by epic research for 21 august 2014

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Page 1: Daily comex research report by epic research for 21 august 2014

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DAILY COMEX COMMODITY REPORT

21st AUGUST-2014

Page 2: Daily comex research report by epic research for 21 august 2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1288 -7.20 0.55% DEC-14

COMEX SILVER USD/T OZ. 19.39 -0.11 -0.56% SEP-14

COMEX COPPER USD/LB. 3.1640 -0.0060 -0.19% SEP-14

PALTINUM USD/T OZ. 1426.75 -2.55 -0.18% OCT-14

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 93.32 -0.14 -0.14% OCT-14

CRUDE OIL(BRENT) USD/BBL. 102.06 -0.21 -0.21% OCT-14

NY. NATURAL GAS USD/MMBTU 3.858 0.024 0.63% SEP-14

NY. HEATING OIL USD/GAL. 2.82 0.00 -0.12% SEP-14

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DAILY MARKET OUTLOOK

21st AUGUST-2014

Page 3: Daily comex research report by epic research for 21 august 2014

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

GOLD(DEC-14) 1284.00 1286.00 1287.90 1289.90 1291.80

SILVER(SEP-14) 19.35 19.37 19.37 19.42 19.45

WTICRUDEOIL(OCT-14) 93.26 93.30 93.36 93.41 93.46

NATURALGAS(SEP-14) 3.852 3.855 3.858 3.861 3.864

COPPER(SEP-14) 3.1600 3.1620 3.1650 3.1670 3.1700

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 -8700

COPPER 6936.50 46.00 0.67% COPPER -150

LEAD 2140.50 1.00 0.05% LEAD unch

ZINC 2180.00 10.50 0.48% ZINC -650

NICKEL 18625.00 345.00 1.89% NICKEL 162

TIN 22425.00 -175.00 -0.77% TIN 575

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DAILY SUPPORT & RESISTANCE

21st AUGUST-2014

Page 4: Daily comex research report by epic research for 21 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

INTERNATIONAL COMMODITY NEWS

21st AUGUST-2014

• Copper and gold prices dipped smartly in Asia on Thursday after a preliminary survey of China manufactuing dropped sharply.The HSBC China August flash manufacturing PMI fell to 50.3, compared to a July figure that came in at 51.7 for the final.Onthe Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,290.80 a troy ounce,down 0.34%, after hitting an overnight session low of $1,288.90 and off a high of $1,298.90. Silver for September delivery wasdown 0.23% at $19.453 a troy ounce. Copper futures for September delivery were down 0.40% at $3.157 a pound, after theclosely watched for demand by the world's top importer of copper.

• Oil prices rose on Wednesday after a weekly U.S. supply report revealed that inventories dropped more than expected.In theNew York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded up 0.47% at $93.30 a barrelduring U.S. trading. New York-traded oil futures hit a session low of $92.74 a barrel and a high of $93.57 a barrel. The U.S.Energy Information Administration said in its weekly report that U.S. crude oil inventories declined by 4.5 million barrels in theweek ended Aug. 15, far surpassing expectations for a decline of 1.2 million barrels.

• Profit taking sent natural gas prices falling on Wednesday after investors locked in gains stemming from warm U.S. weatherforecasts and sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery inSeptember traded at $3.800 per million British thermal units during U.S. trading, down 1.99%. The commodity hit a session lowof $3.794, and a high of $3.887. The September contract settled up 2.24% on Monday to end at $3.877 per million Britishthermal units.

• Gold prices traded lower on Wednesday after the Federal Reserve's July policy meeting minutes revealed that rate hikes couldcome sooner rather than later if the job market continues to improve. On the Comex division of the New York MercantileExchange, goldfutures for December delivery traded at 1,290.10 a troy ounce during U.S. trading, down 0.51%, up from asession low of $1,288.90 and off a high of $1,298.90.The December contract settled down 0.20% at $1,296.70 on Tuesday.

Page 5: Daily comex research report by epic research for 21 august 2014

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EPIC DAILY TOP PICKS

21st AUGUST-2014

GOLD COMEX -DAILY CANDLESTICK CHART

TRADING STRATEGY :

BUY GOLD COMEX ABOVE 1294 TGT 1298,1303 SL 1288

SELL GOLD COMEX BELOW 1282 TGT 1278,1273 SL 1287

Page 6: Daily comex research report by epic research for 21 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

TODAY'S ECONOMIC EVENTS

21st AUGUST-2014

Page 7: Daily comex research report by epic research for 21 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

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DISCLAIMER

21st AUGUST-2014