Daily Comex Research Report by Epic Research for 07 July 2014 by EpicResearch


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  07th JULY-2014

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                                 PRECIOUS METALS AND INDUSTRIAL METALS

    COMMODITY         UNITS              PRICE           CHANGE          % CHANGE       CONTRACT

   COMEX GOLD        USD/T OZ.           1321.30          0.70            0.05%          AUG-14

    GOLD SPOT        USD/T OZ.           1320.23          1.15            0.09%            N/A

   COMEX SILVER      USD/T OZ.            21.19           -0.01           -0.05%          SEP-14

    SILVER SPOT      USD/T OZ.            21.13           0.00            0.00%            N/A

  COMEX COPPER       USD/LB.             3.2690          -0.0110          -0.34%          SEP-14

  PALTINUM SPOT      USD/T OZ.           1500.64          4.39            0.29%            N/A

                                      ENERGY COMMODITY FUTURES

    COMMODITY         UNITS               PRICE          CHANGE          % CHANGE       CONTRACT

  CRUDE OIL(WTI)     USD/BBL.            103.76            -0.3           -0.29%         AUG-14

 CRUDE OIL(BRENT)    USD/BBL.             110.59          -0.41           -0.37%         AUG-14

 NY. NATURAL GAS    USD/MMBTU             4.369           -0.037          -0.84%         AUG-14

  NY. HEATING OIL   USD/GAL.             291.72           -1.12           -0.38%         AUG-14

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

     GOLD(AUG-14)              1317.23            1319.27             1321.63                1323.67             1326.03

    SILVER(SEP-14)               21.04              21.11                 21.20               21.27               21.36

 WTICRUDEOIL(AUG-14)            103.35             103.56              103.84                104.05               104.33

 NATURALGAS(AUG-14)              4.318              4.343                 4.369               4.394               4.420

    COPPER(SEP-14)              3.2457             3.2573              3.2717                3.2833               3.2977


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

      ALUMINIUM               1893.00           3.00              0.16%            ALUMINIUM                   -9100

       COPPER                 7159.00           38.00             0.53%             COPPER                     -550

         LEAD                 2156.00           -4.50             -0.21%             LEAD                   UNCHANGED

         ZINC                 2236.00           6.00              0.27%              ZINC                      -950

        NICKEL               19385.00          -410.00            -2.07%            NICKEL                     -402

          TIN                22780.00           -70.00            -0.31%              TIN                   UNCHANGED

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    •   Gold futures edged higher on Friday, but gains were expected to remain limited as Thursday's upbeat U.S. employment data
        continued to lend support to the U.S. dollar. On the Comex division of the New York Mercantile Exchange, gold for August delivery
        traded at $1,321.80 a troy ounce during European afternoon trade, up 0.09%. The August contract settled 0.77% lower on
        Thursday to end at $1,320.6 a troy ounce.
    •   Silver for September delivery inched rose 0.24% to trade at $21.188 a troy ounce, while copper for September delivery slid 0.38%
        to trade at $3.268 a pound.
    •   Crude oil futures were trading near one-month lows on Friday, as concerns over potential supply disruptions in the Middle East
        began to subside. On the New York Mercantile Exchange, U.S. Crude oil for delivery in August traded at $103.98 a barrel during
        European morning trade, down 0.08%. Prices dropped 0.40% on Thursday to settle at $104.06.

    •   The ICE Futures Exchange, Brent oil for August inched up 0.05% to trade at $111.06 a barrel, with the spread between the Brent
        and crude contracts standing at $7.08 a barrel.

    •   Natural gas futures rose on Thursday after a weekly U.S. supply report met market expectations. On the New York Mercantile
        Exchange, natural gas futures for delivery in August traded at $4.368 per million British thermal units during U.S. trading, up
        0.24%. The commodity hit a session high of $4.409 and a low of $4.331. The August contract settled down 2.20% on Wednesday
        to end at $4.357per million British thermal units.

    • Base metals prices were flat in quiet trading conditions in Friday's LME premarket, with the market digesting the previous day's
      run of data. The copper price at $7,155 per tonne was down $20 on Thursday's close, with just 3,200 lots having changed hands
      on Select so far. Stocks and cancelled warrants were both a net 550 tonnes lower at 156,500 tonnes and 27,250 tonnes
      respectively. The aluminium price at $1,926 was $10 lower although stocks fell 9,100 tonnes to 5,049,225 tonnes. Nickel remains
      stuck below $20,000 - it was last at $19,685, down $185, and having peaked at $19,889 earlier. Inventories were 402 tonnes lower
      at 304,536 tonnes. The zinc price was at its strongest in 33 months on Thursday. While it has retreated from these highs, it
      remains strong at $2,240.25, up $1.25. Stocks were down 950 tonnes at 664,650 tonnes and cancelled warrants were 5,175
      tonnes higher at 60,600 tonnes. The Lead price at $2,181 was down $15 while Tin declined $50 to $22,850 - there were no stock
      movements in either.
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                                   WTICRUDEOIL-NYMEX DAILY CANDLESTICK CHART

                                                              TRADING STRATEGY :
     WTICRUDEOIL-NYMEX has closed @ 103.74. If it breaks the level of 103.55, it can touch the level of 103.05 & 102.35 respectively. If it sustain
     above the level of 104.60, it can touch the level of 105.10, 105.80 respectively.
     SELL WTICRUDEOIL-NYMEX BELOW 103.55 TGTS 103.05, 102.35 SL 104.10.
     BUY WTICRUDEOIL-NYMEX ABOVE 104.60 TGTS 105.10, 105.80 SL 104.55.

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