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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.
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Epic Research India HNI & NRI Sales Contact USA Toll Free Number
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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.CO CALL: +917316642300
DAILY COMEX COMMODITY REPORT
6th AUGUST-2014
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1289.90 1.00 0.01 AUG-14
COMEX SILVER USD/T OZ. 20.21 -0.02 -0.10% SEP-14
COMEX COPPER USD/LB. 3.2400 -0.0090 -0.26 SEP-14
PALTINUM USD/T OZ. 1466.25 1.30 0.09 N/A
ENERGY COMMODITY FUTURES
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL(WTI) USD/BBL. 98.38 0.09 -0.09% AUG-14
CRUDE OIL(BRENT) USD/BBL. 105.56 -0.01 -0.01% AUG-14
NY. NATURAL GAS USD/MMBTU -0.004 -0.004 -0.12% AUG-14
NY. HEATING OIL USD/GAL. 2.87 0.00 -0.04% AUG-14
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY MARKET OUTLOOK
6th AUGUST-2014
COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2
GOLD(AUG-14) 1289.37 1289.37 1289.87 1280.14 1290.37
SILVER(SEP-14) 20.21 20.21 20.21 20.22 20.22
WTICRUDEOIL(AUG-14) 98.32 98.35 98.41 98.44 98.50
NATURALGAS(AUG-14) 3.836 3.837 3.840 3.842 9.843
COPPER(SEP-14) 3.2360 3.2370 3.8400 9.8400 9.8420
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 -7400
COPPER 6936.50 46.00 0.67% COPPER -25
LEAD 2140.50 1.00 0.05% LEAD 100
ZINC 2180.00 10.50 0.48% ZINC -200
NICKEL 18625.00 345.00 1.89% NICKEL -84
TIN 22425.00 -175.00 -0.77% TIN UNCH
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
DAILY SUPPORT & RESISTANCE
6th AUGUST-2014
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
INTERNATIONAL COMMODITY NEWS
6th AUGUST-2014
• Gold futures edged higher on Tuesday, but remained below the key $1,300-level, as prospects of an interest rate hike in the U.S.held gains in check. On the Comex division of the New York Mercantile Exchange, gold for December delivery tacked on 0.29%,or $3.80, to trade at $1,292.70 a troy ounce during European morning hours. Prices held in a narrow range between $1,288.30and $1,293.50. Gold ended Monday’s session down 0.46%, or $5.90, to settle at $1,288.90 an ounce. Futures were likely to findsupport at $1,281.00, the low from August 1 and resistance at $1,314.60, the high from July 29.
• Copper futures declined on Tuesday, after data showed that China's services sector grew at its slowest pace in nearly nine yearsin July. On the Comex division of the New York Mercantile Exchange, copper for September delivery dipped 0.16%, or 0.5 cents,to trade at $3.239 a pound during European morning hours. Prices held in a narrow range between $3.236 and $3.249 a pound.Copper ended Monday’s session up 0.92%, or 2.9 cents, to settle at $3.244.Futures were likely to find support at $3.199, the lowfrom August 4 and resistance at $3.262, the high from July 30.
• Gold prices fell on Monday after investors ditched safe-haven positions in the yellow metal and went long on U.S. stocks due toearnings and jobs data. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery tradedat 1,288.60 a troy ounce during U.S. trading, down 0.48%, up from a session low of $1,287.10 and off a high of $1,296.40. TheDecember contract settled up 0.94% at $1,294.80 on Friday.Futures were likely to find support at $1,281.00 a troy ounce, Friday'slow, and resistance at $1,314.60, last Tuesday's high.U.S. stocks rose on Monday after legendary investor Warren Buffett'scompany Berkshire Hathaway beat expectations, which cut into the need for safe-haven gold positions.
• n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 1.12% at $97.19 abarrel during U.S. trading. New York-traded oil futures hit a session low of $97.04 a barrel and a high of $98.67 a barrel. TheSeptember contract settled up 0.42% at $98.29 a barrel on Friday.Nymex oil futures were likely to find support at $96.26 a barrel,the low from Feb. 3, and resistance at $102.10 a barrel, the high from July 28.Despite data suggesting the U.S. economy isimproving, growing concerns that the global economy is not gaining enough steam to make a dent in ample crude supplies sentthe commodity tumbling on Tuesday, offsetting otherwise bullish pressures in the U.S. and in Eastern Europe
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
EPIC DAILY TOP PICKS
6th AUGUST-2014
GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY :
BUY GOLD COMEX ABOVE 1298 TG 1304,1314 SL 1288
SELL GOLD COMEX BELOW 1279 TG 1273,1263 SL 1289
YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300
TODAY'S ECONOMIC EVENTS
6th AUGUST-2014
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Research Analyst : Nilesh Jain
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DISCLAIMER
6th AUGUST-2014
