Download Report

DAILY COMEX COMMODITY REPORT
6th FEBRUARY 2015
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.MY
CALL: +60350219047
DAILY MARKET OUTLOOK
6th FEBRUARY 2015
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1266.4
3.70
0.29%
APR-15
COMEX SILVER
USD/T OZ.
17.25
0.05
0.31%
MAR-15
COMEX COPPER
USD/LB.
2.6020
0.04
0.15%
MAR-15
PALTINUM
USD/T OZ.
1253.95
-1.00
-0.08%
APR-15
ENERGY COMMODITY FUTURES
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
51.08
0.6
1.19%
MAR-15
CRUDE OIL(BRENT)
USD/BBL.
56.98
0.4
0.71%
MAR-15
NY. NATURAL GAS
USD/MMBTU
2.62
0.02
0.56%
MAR-15
NY. HEATING OIL
USD/GAL.
1.81
0.09
0.50%
MAR-15
YOUR MINTVISORY
WWW.EPICRESEARCH.MY
CALL: +60350219047
DAILY SUPPORT & RESISTANCE
6th FEBRUARY 2015
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-15)
1265.03
1265.66
1266.23
1266.86
1267.43
SILVER(MAR-15)
17.22
17.23
17.25
17.27
17.28
WTICRUDEOIL(MAR-15)
51.20
51.12
51.24
51.34
51.46
NATURALGAS(MAR-15)
2.611
2.62
2.62
2.62
2.625
COPPER(MAR-15)
2.59
2.60
2.61
2.62
2.625
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
-5625
COPPER
415.55
8.45
2.08%
COPPER
1850
LEAD
125.95
1.80
1.45%
LEAD
-50
ZINC
139.60
1.70
1.23%
ZINC
-2775
NICKEL
961.00
16.70
1.77%
NICKEL
216
TIN
564.00
-4.10
-0.72%
TIN
unch
YOUR MINTVISORY
WWW.EPICRESEARCH.MY
CALL: +60350219047
INTERNATIONAL COMMODITY NEWS
6th FEBRUARY 2015
•
Crude oil prices carried gains into Asia on Friday with U.S. jobs data in focus as well as the latest developments as Greece tries to reach
new terms with reluctant creditors.Traders now looked ahead to the release of the latest U.S. nonfarm payrolls report on Friday, for
further indications on the strength of the recovery in the labor market.Market analysts expect the data to show that the U.S. economy
added 234,000 jobs in January, slowing from a gain of 252,000 in December, while the unemployment rate was forecast to hold steady at
5.6%.On the New York Mercantile Exchange, crude oil for delivery in March rose 1.39% to $51.39 a barrel.Overnight, crude oil futures
rallied sharply on Thursday, one day after plunging almost 9%, as investors returned to the market to seek cheap valuations.
•
Gold prices held steady to higher in early Asia on Friday as investors awaited U.S. non-farm payroll data and the latest twist in Greece's
efforts to renegotiate with creditors.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery inched
up 0.06% to trade at $1,266.50 a troy ounce during U.S. morning hours.Also on the Comex, silver futures for March delivery rose 0.09%
at $17.285 a troy ounce.Elsewhere in metals trading, copper for March delivery fell 0.07% to trade at $2.596 a pound.Market sentiment
remained subdued despite a surprise move by China's central bank to cut bank reserve requirements on Wednesday, in a bid to boost
lending and spur growth.
•
Natural gas futures plunged to a 32-month low on Thursday, after data showed that U.S. natural gas supplies fell less than forecast last
week, underlining concerns over weak demand.On the New York Mercantile Exchange, natural gas for delivery in March tumbled to a
session low of $2.584 per million British thermal units, a level not seen since June 2012, before trading at $2.598 during U.S. morning
hours, down 6.5 cents, or 2.42%. Prices were at $2.625 prior to the release of the supply data.The U.S. Energy Information Administration
said in its weekly report that natural gas storage in the U.S. in the week ended January 30 fell by 115 billion cubic feet, compared to
expectations for a decline of 121 billion. Natural gas storage in the U.S. fell by 94 billion cubic feet in the preceding week.
•
Copper prices were sharply lower on Thursday, as monetary stimulus from the People's Bank of China failed to lift sentiment amid
uncertainty over Greece.On the Comex division of the New York Mercantile Exchange, copper for March delivery fell by as much as 5.4
cents, or 2.08%, to hit a session low of $2.537 a pound, before trading at $2.544 during European morning hours, down 4.7 cents, or
1.81%.Futures were likely to find support at the $2.496, the low from February 3, and resistance at $2.618, the high from February 4.The
European Central Bank said Wednesday it would no longer accept Greek bonds as collateral for lending, shifting the burden on to
Greece’s central bank provide additional liquidity for its lenders and increasing pressure on Athens.
YOUR MINTVISORY
WWW.EPICRESEARCH.MY
CALL: +60350219047
EPIC DAILY TOP PICKS
6th FEBRUARY 2015
GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY :
TRADING STRATEGY :
BUY GOLD ABOVE 1268.25 TARGET 1273.25 1279.25 SL 1262.25
SELL GOLD BELOW 1261.5 TARGET 1256.5 1250.5 SL 1267.5
YOUR MINTVISORY
WWW.EPICRESEARCH.MY
CALL: +60350219047
TODAY'S ECONOMIC EVENTS
6th FEBRUARY 2015
YOUR MINTVISORY
WWW.EPICRESEARCH.MY
CALL: +60350219047
DISCLAIMER
6th FEBRUARY 2015
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.MY
CALL: +60350219047