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DAILY COMEX COMMODITY REPORT 14 April 2016 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 HNI & NRI Sales Contact Australia Hotline: +91 731 6642300 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: +6531581402
DAILY MARKET OUTLOOK 14 April 2016 PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1,244.30 -16.50 -1.31% Jun -16 COMEX SILVER USD/T OZ. 16.095 -0.107 -0.66% May 16 COMEX COPPER USD/LB. 2.159 0.012 0.56% May 16 PLATINUM USD/T OZ. 992.70 -6.70 -0.67% Jul -16 ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 41.52 -0.65% -1.54% May - 16 CRUDE OIL(BRENT) USD/BBL. 44.19 -0.49 -1.10% May - 16 NY. NATURAL GAS USD/MMBTU 2.038 0.034 1.70% May - 16 NY. HEATING OIL USD/GAL. 1.2721 -0.0040 -0.31% May - 16 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402
DAILY SUPPORT & RESISTANCE 14 April 2016 COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD 1246.83 1251.66 1258.13 1262.96 1269.43 SILVER 15.622 15.899 16.067 16.334 16.512 WTI CRUDEOIL 39.19 40.45 41.35 42.61 43.51 NATURALGAS 1.881 1.946 1.988 2.053 2.095 COPPER 2.044 2.096 2.126 2.178 2.208 LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LM WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE ( MT ) -4725 ALUMINIUM 125.70 -0.40 -0.32% ALUMINIUM +25 COPPER 415.55 8.45 2.08% COPPER +6850 LEAD 125.95 1.80 1.45% LEAD -2950 ZINC 139.60 1.70 1.23% ZINC +72 NICKEL 961.00 16.70 1.77% NICKEL -75 TIN 564.00 -4.10 -0.72% TIN YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402
INTERNATIONAL COMMODITY NEWS 14 April 2016 • Copper prices rose by 3.97 per cent on Wednesday after China's exports in March returned to growth for the first time in nine months adding to further signs of stabilization in the world's second-largest economy that cheered regional investors which raised the demand outlook for the metal. March exports rose a blistering 11.5 percent from a year earlier the first increase since June and the largest percentage rise since February 2015. At the MCX copper futures for April 2016 contract were trading at Rs.738 per 1 kg up by 3.97 per cent after opening at Rs. 731 against the previous closing price of Rs. 709.80. It touched the intra-day high of Rs. 738.10 till the trading. (At 4.40 PM today).However gains were limited due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks rose by 25 metric tonnes to 146475 metric tonnes as on April 13 2016. • Gold moved further back from the previous day’s three week high on Wednesday as the dollar rebounded and European shares surged as upbeat Chinese trade data boosted risk appetite.U.S. gold futures for June delivery were down 1.09% to $1,246.80 an ounce by 0946 GMT.The precious metal hit highs of $1,262.60 an ounce on Tuesday, the most since March 18.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, advanced 0.54% to 94.52, rebounding from Tuesday’s eight-month lows of 93.62.he dollar had weakened across the board after recent dovish comments by Federal Reserve Chair Janet Yellen prompted investors to push back expectations on the timing of the next interest rate increase. • Oil prices fell on Wednesday after Saudi Arabia's oil minister appeared to rule out an oil production freeze ahead of Sunday’s meeting of major producers in Doha.Crude oil for May delivery on the New York Mercantile Exchange was down 62 cents, or 1.47%, to trade at $41.58 a barrel by 0.7.42 GMT.Global benchmark Brent fell 46 cents to $44.23.The drop in oil prices came after Saudi’s oil minister Ali al-Naimi played down the prospect of an output freeze at Sunday’s meeting.The meeting will include both members and nonmembers of the Organization of the Petroleum Exporting Countries. YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402
EPIC DAILY TOP PICKS 14April 2016 GOLD COMEX -DAILY CANDLESTICK CHART TRADING STRATEGY : BUY GOLD ABOVE 1247 TGT 1252 1258 SL BELOW 1241 SELL GOLD BELOW 1242 TGT 1237 1231 SL ABOVE 1248 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402
TODAY'S ECONOMIC EVENTS 14 April 2016 YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +6531581402
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