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DAILY COMEX COMMODITY REPORT 22nd 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.) Info@epicresearch.co 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 MARKET OUTLOOK 22nd 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 SUPPORT & RESISTANCE 22nd 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 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 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. 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 YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402 TODAY'S ECONOMIC EVENTS 22nd AUGUST-2014 YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402 DISCLAIMER 22nd 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 (or liability) 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 we consider reliable. 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Research Analyst : Nilesh Jain YOUR MINTVISORY WWW.EPICRESEARCH.MY CALL: +6531581402
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