DAILY COMEX COMMODITY REPORT 19 NOVEMBER 2014

DAILY COMEX COMMODITY REPORT
19th NOVEMBER 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.SG
CALL: +6531581402
DAILY MARKET OUTLOOK
19th NOVEMBER 2014
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1192.7
-4.40
-0.37%
DEC-14
COMEX SILVER
USD/T OZ.
16.10
-0.08
-0.47%
DEC-14
COMEX COPPER
USD/LB.
3.0090
0.0090
0.30%
DEC-14
PALTINUM
USD/T OZ.
1199.00
-6.00
-0.50%
JAN-15
ENERGY COMMODITY FUTURES
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
74.35
-0.29
-0.39%
JAN-15
CRUDE OIL(BRENT)
USD/BBL.
78.54
0.15
0.19%
DEC-14
NY. NATURAL GAS
USD/MMBTU
4.29
0.03
0.74%
DEC-14
NY. HEATING OIL
USD/GAL.
2.39
0
0.12%
DEC-14
YOUR MINTVISORY
WWW.EPICRESEARCH.SG
CALL: +6531581402
DAILY SUPPORT & RESISTANCE
19th NOVEMBER 2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(DEC-14)
1190.77
1191.44
1192.27
1192.94
1193.77
SILVER(DEC-14)
16.08
16.09
16.12
16.13
16.16
WTICRUDEOIL(DEC-14)
74.11
74.26
74.38
74.53
74.64
NATURALGAS(DEC-14)
4.263
4.27
4.268
4.27
4.273
COPPER(DEC-14)
3.00
3.00
3.01
3.01
3.02
LME BASE METALS OFFICIAL CASH PRICES ( $/MT )
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
CHANGE
% CHANGE
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
125.70
-0.40
-0.32%
ALUMINIUM
-250
COPPER
415.55
8.45
2.08%
COPPER
1300
LEAD
125.95
1.80
1.45%
LEAD
-25
ZINC
139.60
1.70
1.23%
ZINC
-2375
NICKEL
961.00
16.70
1.77%
NICKEL
432
TIN
564.00
-4.10
-0.72%
TIN
580
YOUR MINTVISORY
WWW.EPICRESEARCH.SG
CALL: +6531581402
INTERNATIONAL COMMODITY NEWS
19th NOVEMBER 2014
•
Gold prices held steady to weaker in early Asia on Wednesday, taking a breather from gains overnight. On the Comex division of the New
York Mercantile Exchange, gold futures for December delivery traded at $1,196.10 a troy ounce, down 0.03%, after hitting an overnight
session low of $1,182.80 and off a high of $1,204.10. Overnight, gold prices rose in afternoon trading on Tuesday after an upbeat report
on German economic sentiment sent the euro rising over the dollar, often a recipe for rising gold prices.
•
Crude oil prices eased mildly in early Asia on Wednesday as U.S. industry stocks data painted a bearish picture ahead of more closely
watched government data. Data from the industry group, the American Petroleum Institute released late Tuesday, showed that crude
supplies rose by 3.7 million barrels last week, while gasoline inventories rose by 519,000 barrels and distillate stocks fell by 3.3 million
barrels, according to industry sources.
•
Brent, the global benchmark, fell 1.1% to $78.47 a barrel on ICE Futures Europe on Tuesday. Overnight, crude futures moved lower on
Tuesday as markets bet that the OPEC oil cartel will leave output unchanged at an upcoming meeting despite months of steady losses
due to ongoing supply concerns.
•
Natural gas futures dropped on Tuesday after investors priced in a blast of cold air trekking across the U.S. and sold on news that milder
temperatures will settle in after wards, which should curb demand for heating. On the New York Mercantile Exchange, natural gas
futures for delivery in December were down 1.97% at $4.256 per million British thermal units during U.S. trading. The commodity hit a
session low of $4.151, and a high of $4.325. The December contract settled up 7.99% on Monday to end at $4.341 per million British
thermal units.
•
Copper futures edged lower on Tuesday, as mounting concerns over the health of China's property sector dampened appetite for the red
metal. On the Comex division of the New York Mercantile Exchange, copper for December delivery shed 0.8 cents, or 0.26% to trade at
$3.032 a pound during European morning hours. A day earlier, copper lost 0.7 cents, or 0.23%, to settle at $3.039 a pound. Futures were
likely to find support at $2.985, the low from November 14, and resistance at $3.061, the high from November 17. The National Bureau
of Statistics said in a report earlier in the day that home prices in China declined in 69 of 70 cities in October from September.
YOUR MINTVISORY
WWW.EPICRESEARCH.SG
CALL: +6531581402
EPIC DAILY TOP PICKS
19th NOVEMBER 2014
GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY :
TRADING STRATEGY :
BUY GOLD ABOVE 1195 TGT 1199,1204 SL 1190
SELL GOLD BELOW 1188 TGT 1184,1179 SL 1193
YOUR MINTVISORY
WWW.EPICRESEARCH.SG
CALL: +6531581402
TODAY'S ECONOMIC EVENTS
19th NOVEMBER 2014
YOUR MINTVISORY
WWW.EPICRESEARCH.SG
CALL: +6531581402
DISCLAIMER
19th NOVEMBER 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.
YOUR MINTVISORY
WWW.EPICRESEARCH.SG
CALL: +6531581402