Daily Comex Research Report by Epic Research for 22 August 2014 by EpicResearch


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 22nd AUGUST-2014

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                                 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

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      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


        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

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 •   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 a
     barrel, up 0.42%, on Thursday.
 •   A bearish weekly U.S. supply report sent natural gas future falling on Thursday though prices jumped back into positive
     territory in choppy trading as investors digested weather reports over the lower 48 U.S. states as well as in the tropical Atlantic
     Ocean. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.857 per million
     British thermal units during U.S. trading, up 0.89%. The commodity hit a session low of $3.790, and a high of $3.955.The
     September contract settled down 1.39% on Wednesday to end at $3.823 per million British thermal units.Natural gas futures
     were likely to find support at $3.790 per million British thermal units, the session low, and resistance at $4.020, the high from
     Aug. 12
 •   Gold prices rebounded in Asia early Friday on bargain hunting. On the Comex division of the New York Mercantile
     Exchange, goldfutures for December delivery traded at $1,278.60 a troy ounce, up 0.25%, after hitting an overnight session
     low 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 Jackson
     Hole 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 in
     August, fuelling concerns over the health of the world's second largest economy. On the Comex division of the New York
     Mercantile Exchange, copper for September delivery declined 0.74%, or 2.4 cents, to trade at $3.153 a pound during
     European morning hours. Data released earlier showed that the preliminary reading of China’s HSBC manufacturing index fell
     to 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 in
     the HSBC PMI an indicator of China's copper demand, as the industrial metal is widely used by the sector.

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                                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

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                            CALL: +6531581402
   22nd AUGUST-2014

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