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Daily Comex Market Report by EPIC RESEARCH 6 May 2014

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Daily Comex Market Report by EPIC RESEARCH 6 May 2014 Powered By Docstoc
					DAILY COMEX COMMODITY REPORT
 06th MAY-2014




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DAILY MARKET OUTLOOK
 06th MAY-2014



                                 PRECIOUS METALS AND INDUSTRIAL METALS

    COMMODITY         UNITS              PRICE           CHANGE          % CHANGE       CONTRACT

   COMEX GOLD        USD/T OZ.           1311.20          10.50           0.81%          JUNE-14

    GOLD SPOT        USD/T OZ.           1309.97          10.89           0.84%            N/A

   COMEX SILVER      USD/T OZ.            19.59           0.09            0.46%          JULY-14

    SILVER SPOT      USD/T OZ.            19.59           0.14            0.72%            N/A

  COMEX COPPER       USD/LB.             3.0540          -0.0130          -0.42%         JULY-14

  PALTINUM SPOT      USD/T OZ.           1447.25          13.00           0.91%            N/A


                                      ENERGY COMMODITY FUTURES

    COMMODITY         UNITS               PRICE          CHANGE          % CHANGE       CONTRACT

  CRUDE OIL(WTI)     USD/BBL.             99.42           -0.36           -0.36%         JUNE-14

 CRUDE OIL(BRENT)    USD/BBL.            107.54           -1.01           -0.93%         JUNE-14

 NY. NATURAL GAS    USD/MMBTU             4.705           0.016           0.34%          JUNE-14

  NY. HEATING OIL   USD/GAL.             290.13           -1.91           -0.65%         JUNE-14

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DAILY SUPPORT & RESISTANCE
06th MAY-2014



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

    GOLD(JUNE-14)              1293.80            1302.50             1309.10                1317.80             1324.40

    SILVER(JULY-14)              19.34             19.47                  19.60               19.73               19.86

WTICRUDEOIL(JUNE-14)             98.15             98.79                  99.60              100.24               101.05

NATURALGAS(JUNE-14)              4.616             4.661                  4.696               4.741               4.776

   COPPER(JULY-14)              3.0300            3.0420              3.0620                 3.0740               3.0940


                 LME BASE METALS OFFICIAL CASH PRICES ( $/MT )                    LME WAREHOUSE STOCKS (INVENTORY)

        METALS             PRICE ( $/MT )     CHANGE             % CHANGE           METALS             INVENTORY CHANGE (MT)

      ALUMINIUM               1736.50           0.00              0.00%            ALUMINIUM                   3875

       COPPER                 6699.00           0.00              0.00%             COPPER                     -1200

         LEAD                 2060.50           0.00              0.00%              LEAD                   UNCHANGED

         ZINC                 2012.50           0.00              0.00%              ZINC                      -3675

        NICKEL               18200.00           0.00              0.00%             NICKEL                     -348

          TIN                23000.00           0.00              0.00%               TIN                   UNCHANGED


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INTERNATIONAL COMMODITY NEWS
06th MAY-2014


   •   Gold prices edged higher in Asia on Tuesday underscored by tension in the Ukraine and demand from China. On
       the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,311.80 a troy
       ounce, up 0.19%, after hitting an overnight session low of $1,299.70 and off a high of $1,315.70. Gold prices rose
       earlier after a final reading of China’s HSBC manufacturing purchasing managers’ index came in at 48.1 April,
       down from a preliminary estimate of 48.3 and missing forecasts for an uptick to 48.4. A reading below 50 indicates
       a contraction.
   •   Silver comex for July delivery rose 0.14% at $19.598 a troy ounce. copper futures for July delivery were down
       0.07% at $3.056 a pound.
   •   Crude oil prices were flat to slightly weaker in Asia on Tuesday ahead of industry data on U.S. stocks and bearish
       sentiment on China demand. Last week, crude stocks gained by 3 million barrels , according to the American
       Petroleum Institute. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June
       traded at $99.46 a barrel, down 0.03%, after hitting an overnight session low of $98.97 a barrel and a high of
       $100.43 a barrel.
   •   The ICE Brent oil futures contract fell 87 cents, or 0.8%, to $107.72 a barrel, the lowest settlement since April 11,
       on the ICE Futures Europe exchange.
   •   Natural gas prices rose on Monday after bottom fishers snapped up nicely-priced positions in the commodity and
       erased losses stemming from last week's bearish supply report. On the New York Mercantile Exchange, natural gas
       futures for delivery in June traded at $4.703 per million British thermal units during U.S. trading, up 0.61%. The
       commodity hit session high of $4.765 and a low of $4.652. The June contract settled down 0.95% on Friday to end
       at $4.674 per million British thermal units.



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EPIC DAILY TOP PICKS
06th MAY-2014

                                            SILVER-COMEX DAILY CANDLESTICK CHART




                                                                TRADING STRATEGY :
  SILVER-COMEX has closed @ 19.59. If it sustain above the level of 19.60, it can touch the level of 19.75 & 19.91 respectively. If it breaks the level of
  19.29, it can touch the level of 19.14, 18.98 respectively.
  BUY SILVER-COMEX ABOVE 19.60 TGTS 19.75, 19.91 SL 19.35.
  SELL SILVER-COMEX BELOW 19.29 TGTS 19.14, 18.98 SL 19.54.

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TODAY'S ECONOMIC EVENTS
06th MAY-2014




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