Daily comex research report by epic research for 30 may 2014

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DAILY COMEX COMMODITY REPORT

30th MAY-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1257.10 -2.60 -0.21% JUNE-14

GOLD SPOT USD/T OZ. 1255.32 -2.54 -0.20% N/A

COMEX SILVER USD/T OZ. 19.04 0.03 0.16% JULY-14

SILVER SPOT USD/T OZ. 19.02 0.01 0.05% N/A

COMEX COPPER USD/LB. 3.1470 -0.0230 -0.73% JULY-14

PALTINUM SPOT USD/T OZ. 1456.75 7.00 0.48% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 103.58 0.86 0.84% JULY-14

CRUDE OIL(BRENT) USD/BBL. 110.10 0.08 0.07% JULY-14

NY. NATURAL GAS USD/MMBTU 4.559 -0.056 -1.21% JULY-14

NY. HEATING OIL USD/GAL. 291.99 -1.05 -0.36% JULY-14


DAILY MARKET OUTLOOK

30th MAY-2014

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

GOLD(JUNE-14) 1246.57 1251.83 1256.67 1261.93 1266.77

SILVER(JULY-14) 18.67 18.85 18.97 19.15 19.27

WTICRUDEOIL(JULY-14) 102.05 102.81 103.38 104.14 104.71

NATURALGAS(JULY-14) 4.448 4.504 4.584 4.640 4.720

COPPER(JULY-14) 3.1157 3.1313 3.1537 3.1693 3.1917

LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY)

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

ALUMINIUM 1784.50 -17.00 -0.94% ALUMINIUM -9150

COPPER 6970.00 -65.00 -0.92% COPPER 2675

LEAD 2075.00 -42.00 -1.98% LEAD -1100

ZINC 2047.00 -42.50 -2.03% ZINC -1075

NICKEL 18750.00 -765.00 -3.92% NICKEL 3138

TIN 23375.00 20.00 0.09% TIN 50


DAILY SUPPORT & RESISTANCE

30th MAY-2014


INTERNATIONAL COMMODITY NEWS

30th MAY-2014

• Gold prices gained in Asia on Friday in a rebound following overnight declines on disappointing U.S. GDP data. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,258.50 a troy ounce, up 0.11%, after hitting an overnight session low of $1,251.60 and off a high of $1,260.60.

• Silver comex for July delivery rose 0.18% at $19.048 a troy ounce. Copper futures for July delivery gained 0.07% at $3.148 apound.

• Crude oil prices fell in Asia on Friday on profit taking and few demand cues following disappointing U.S. GDP data. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in July traded at $103.42 a barrel, down 0.16%, after hitting an overnight session low of $102.62 a barrel and a high of $103.93 a barrel.

• Brent crude on the ICE futures exchange rose 0.2% to $109.97 a barrel.

• Natural gas futures fell on Thursday after official data revealed U.S. stockpiles rose more than markets were expecting last week. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.592 per million British thermal units during U.S. trading, down 0.50%. The commodity hit a session high of $4.653 and a low of $4.530. The July contract settled up 2.31% on Wednesday to end at $4.615 per million British thermal units.

• Base metals were mostly pressured lower on Friday’s Asian trade, following through the round of selling from Thursday due to some lacklustre data out of the US and the Chinese PMI set to be released over the weekend. Copper is back below $6,900, and today’s prices are about $21 lower at $6,863 per tonne. The backwardation in the cash/threes spread was $89. Aluminium closed at $1,845 and has since come down $6 to $1,839 per tonne. Stocks were down 9,150 tonnes at 5,199,175tonnes. Nickel continues to hover near $19,000, trading on both sides of the key figure this morning although it currently stands at $18,995. Stocks climbed 3,138 tonnes to 283,662 tonnes, centred on Rotterdam. Lead was last at $2,120, down $2, and Zinc slipped $9 to $2,059 although stocks continued to fall, dropping 1,075 tonnes to 719,600 tonnes, their lowest since March 4, 2011. Tin traded lower with the rest, losing $89 overnight to the current $23,386 per tonne.


EPIC DAILY TOP PICKS

30th MAY-2014

COPPER-COMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1505. If it breaks the level of 3.1402, it can touch the level of 3.1302 & 3.1170 respectively. If it sustain above the

level of 3.1657, it can touch the level of 3.1757, 3.1880 respectively.

SELL COPPER-COMEX BELOW 3.1402 TGTS 3.1302, 3.1170 SL 3.1512.

BUY COPPER-COMEX ABOVE 3.1657 TGTS 3.1757, 3.1880 SL 3.1547.


TODAY'S ECONOMIC EVENTS

30th MAY-2014

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Daily comex research report by epic research for 30 may 2014