daily comex research report by epic research for 28 august 2014

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Page 1: Daily comex research report by epic research for 28 august 2014

Our Presence

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DAILY COMEX COMMODITY REPORT

28th AUGUST-2014

Page 2: Daily comex research report by epic research for 28 august 2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1286.5 3.10 0.24% DEC-14

COMEX SILVER USD/T OZ. 19.56 0.09 0.45% DEC-14

COMEX COPPER USD/LB. 3.1970 0.0020 0.06% DEC-14

PALTINUM USD/T OZ. 1422.05 3.15 0.22% OCT-14

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 93.79 -0.1 -0.10% OCT-14

CRUDE OIL(BRENT) USD/BBL. 102.70 0.06 0.06% OCT-14

NY. NATURAL GAS USD/MMBTU 4.001 -0.022 -0.55% OCT-14

NY. HEATING OIL USD/GAL. 2.87 0.00 0.04% OCT-14

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DAILY MARKET OUTLOOK

28th AUGUST-2014

Page 3: Daily comex research report by epic research for 28 august 2014

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

GOLD(DEC-14) 1286.23 1286.66 1287.03 1287.46 1287.83

SILVER(DEC-14) 19.54 19.54 19.56 19.56 19.58

WTICRUDEOIL(OCT-14) 93.80 93.83 93.88 93.91 93.95

NATURALGAS(OCT-14) 3.999 4.000 4.002 4.003 4.005

COPPER(DEC-14) 3.1980 3.2000 3.2010 3.2020 3.2

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 -16925

COPPER 6936.50 46.00 0.67% COPPER -1150

LEAD 2140.50 1.00 0.05% LEAD -50

ZINC 2180.00 10.50 0.48% ZINC -1325

NICKEL 18625.00 345.00 1.89% NICKEL 246

TIN 22425.00 -175.00 -0.77% TIN -250

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DAILY SUPPORT & RESISTANCE

28th AUGUST-2014

Page 4: Daily comex research report by epic research for 28 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402

INTERNATIONAL COMMODITY NEWS

28th AUGUST-2014 • Gold prices edged lower in listless trading on Wednesday ahead of a flurry of economic indicators due for release on Thursday. On the

Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,284.00 a troy ounce during U.S.trading, down 0.09%, up from a session low of $1,281.10 and off a high of $1,288.30.The December contract settled up 0.49% at$1,285.20 on Tuesday. Futures were likely to find support at $1,273.40 a troy ounce, Thursday's low, and resistance at $1,291.90,Tuesday's high.Gold has come under pressure recently on sentiments that the Federal Reserve remains on track to close up stimulusprograms around October and begin raising interest rates in 2015.

• Natural gas prices rose on Wednesday amid expectations that seasonably warm temperatures will hike demand for the commodity at thenation's thermal power plants as households crank up their air conditioning .On the New York Mercantile Exchange, natural gas futures fordelivery in October were up 1.51% at $4.009 per million British thermal units during U.S. trading. The commodity hit a session low of$3.966, and a high of $4.032.The October contract settled down 0.75% on Tuesday to end at $3.949 per million British thermalunits.Natural gas futures were likely to find support at $3.732 per million British thermal units, the low from Aug. 17, and resistance at$4.172, the high from July 14.Updated weather forecasting models called for seasonably warm temperatures across most of the countryfor the coming days, with parts of the eastern and central U.S. seeing above-normal mercury readings into the first week of September.

• Crude oil prices dipped in early Asia on Thursday as ample supplies diminished concerns over oil-producing geopolitical hotspots and theprospects of faster economic growth in the United States. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil fordelivery in October traded at $93.74 a barrel, down 0.15%, after hitting an overnight session low of $93.39 a barrel and a high of $94.24 abarrel. Overnight, crude prices slipped despite a bullish weekly supply report, as the data revealed that inventories rose at a key U.S.delivery point. The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories declined by 2.1 millionbarrels in the week ended Aug. 22, far surpassing expectations for a decline of 1.3 million barrels

Page 5: Daily comex research report by epic research for 28 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402

EPIC DAILY TOP PICKS

28th AUGUST-2014

GOLD COMEX -DAILY CANDLESTICK CHART

TRADING STRATEGY :

BUY GOLD ABOVE 1287 TGT 1291,1296 SL 1282

SELL GOLD BELOW 1280 TGT 1276,1271 SL 1285

Page 6: Daily comex research report by epic research for 28 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402

TODAY'S ECONOMIC EVENTS

28th AUGUST-2014

Page 7: Daily comex research report by epic research for 28 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

28th AUGUST-2014