daily comex research report by epic research for 22 august 2014

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Page 1: Daily comex research report by epic research for 22 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.MY CALL: +6531581402

DAILY COMEX COMMODITY REPORT

22nd AUGUST-2014

Page 2: Daily comex research report by epic research for 22 august 2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1279.6 4.20 0.32% DEC-14

COMEX SILVER USD/T OZ. 19.46 0.04 0.22% SEP-14

COMEX COPPER USD/LB. 3.1990 0.0220 0.69% SEP-14

PALTINUM USD/T OZ. 1424.25 3.00 0.21% OCT-14

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 93.83 -0.14 -0.14% OCT-14

CRUDE OIL(BRENT) USD/BBL. 102.53 -0.14 -0.14% OCT-14

NY. NATURAL GAS USD/MMBTU 3.870 -0.011 -0.30% SEP-14

NY. HEATING OIL USD/GAL. 2.83 0.00 -0.13% SEP-14

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

DAILY MARKET OUTLOOK

22nd AUGUST-2014

Page 3: Daily comex research report by epic research for 22 august 2014

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

GOLD(DEC-14) 1278.13 1278.86 1279.33 1280.06 1280.53

SILVER(SEP-14) 19.41 19.43 19.44 19.45 19.46

WTICRUDEOIL(OCT-14) 93.75 93.80 93.83 93.88 93.91

NATURALGAS(SEP-14) 3.859 3.863 3.867 3.871 3.875

COPPER(SEP-14) 3.1760 3.1870 3.1930 3.2040 3.2100

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 -11500

COPPER 6936.50 46.00 0.67% COPPER -1225

LEAD 2140.50 1.00 0.05% LEAD 1600

ZINC 2180.00 10.50 0.48% ZINC -675

NICKEL 18625.00 345.00 1.89% NICKEL -126

TIN 22425.00 -175.00 -0.77% TIN unch

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

DAILY SUPPORT & RESISTANCE

22nd AUGUST-2014

Page 4: Daily comex research report by epic research for 22 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

INTERNATIONAL COMMODITY NEWS

22nd AUGUST-2014

• Crude oil prices slipped in Asia on Friday ahead of a speech by Fed Chair Janet Yellen expected to set the tone for markets.On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded at $93.90 a barrel,down 0.07%, after hitting an overnight session low of $92.63 a barrel and a high of $94.44 a barrel.Brent oil rose to $102.71 abarrel, up 0.42%, on Thursday.

• A bearish weekly U.S. supply report sent natural gas future falling on Thursday though prices jumped back into positiveterritory in choppy trading as investors digested weather reports over the lower 48 U.S. states as well as in the tropical AtlanticOcean. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.857 per millionBritish thermal units during U.S. trading, up 0.89%. The commodity hit a session low of $3.790, and a high of $3.955.TheSeptember contract settled down 1.39% on Wednesday to end at $3.823 per million British thermal units.Natural gas futureswere likely to find support at $3.790 per million British thermal units, the session low, and resistance at $4.020, the high fromAug. 12

• Gold prices rebounded in Asia early Friday on bargain hunting. On the Comex division of the New York MercantileExchange, goldfutures for December delivery traded at $1,278.60 a troy ounce, up 0.25%, after hitting an overnight sessionlow of $1,274.20 and off a high of $1,292.90. Many investors bet Fed Chair Janet Yellen will provide dovish words in a JacksonHole speech on Friday to complement the hawkish minutes in order to convey to markets that even though rates will rise,monetary authorities will make sure they do so gradually.

• Copper futures edged lower on Thursday, after data showed that China's factory activity slowed to a three-month low inAugust, fuelling concerns over the health of the world's second largest economy. On the Comex division of the New YorkMercantile Exchange, copper for September delivery declined 0.74%, or 2.4 cents, to trade at $3.153 a pound duringEuropean morning hours. Data released earlier showed that the preliminary reading of China’s HSBC manufacturing index fellto a three-month low of 50.3 in August from 51.7 in July and well short of forecasts for 51.5. Copper traders consider shifts inthe HSBC PMI an indicator of China's copper demand, as the industrial metal is widely used by the sector.

Page 5: Daily comex research report by epic research for 22 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

EPIC DAILY TOP PICKS

22nd AUGUST-2014

GOLD COMEX -DAILY CANDLESTICK CHART

TRADING STRATEGY :

BUY GOLD ABOVE 1296 TGT 1300,1305 SL 1201

SELL GOLD BELOW 1275 TGT 1271,1266 SL 1280

Page 6: Daily comex research report by epic research for 22 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402

TODAY'S ECONOMIC EVENTS

22nd AUGUST-2014

Page 7: Daily comex research report by epic research for 22 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

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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

22nd AUGUST-2014