Daily Comex Research Report by Epic Research for 22 August 2014

Document Sample
Daily Comex Research Report by Epic Research for 22 August 2014 Powered By Docstoc
					 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.

                                     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-made
 investment 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 in
                                                         violation 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 and
forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood
that 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 profits
   or 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 Information
            Provided 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


 YOUR MINTVISORY                                                                                                                      WWW.EPICRESEARCH.MY
                                                                                                                                       CALL: +6531581402

				
DOCUMENT INFO
Description: Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets.