DAILY COMEX COMMODITY REPORT 19 NOVEMBER 2014
Transcription
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.) [email protected] 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. 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