DAILY COMEX COMMODITY REPORT 28 OCTOBER 2014

DAILY COMEX COMMODITY REPORT
28th OCTOBER 2014
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DAILY MARKET OUTLOOK
28th OCTOBER 2014
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1228.1
-1.20
-0.10%
DEC-14
COMEX SILVER
USD/T OZ.
17.19
0.03
0.16%
DEC-14
COMEX COPPER
USD/LB.
3.0680
0.0080
0.26%
DEC-14
PALTINUM
USD/T OZ.
1256.00
-2.05
-0.16%
JAN-15
ENERGY COMMODITY FUTURES
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
80.72
-0.28
-0.35%
DEC-14
CRUDE OIL(BRENT)
USD/BBL.
85.38
-0.01
-0.01%
DEC-14
NY. NATURAL GAS
USD/MMBTU
3.64
0
0.03%
DEC-14
NY. HEATING OIL
USD/GAL.
2.46
0.00
-0.01%
DEC-14
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DAILY SUPPORT & RESISTANCE
28th OCTOBER 2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(DEC-14)
1228.50
1229.70
1230.30
1231.50
1232.10
SILVER(DEC-14)
17.19
17.21
17.23
17.24
17.26
WTICRUDEOIL(NOV-14)
80.48
80.55
80.59
80.66
80.70
NATURALGAS(NOV-14)
3.631
3.635
3.637
3.64
3.643
COPPER(DEC-14)
3.0610
3.0640
3.0690
3.0720
3.08
LME BASE METALS OFFICIAL CASH PRICES ( $/MT )
LME WAREHOUSE STOCKS (INVENTORY)
METALS
PRICE ( $/MT )
CHANGE
% CHANGE
METALS
INVENTORY CHANGE (MT)
ALUMINIUM
1857.00
-9.50
-0.51%
ALUMINIUM
-14875
COPPER
6936.50
46.00
0.67%
COPPER
Unch
LEAD
2140.50
1.00
0.05%
LEAD
-275
ZINC
2180.00
10.50
0.48%
ZINC
-1650
NICKEL
18625.00
345.00
1.89%
NICKEL
90
TIN
22425.00
-175.00
-0.77%
TIN
Unch
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INTERNATIONAL COMMODITY NEWS
28th OCTOBER 2014
•
Gold prices dipped slightly in early Asia trade on Tuesday with the focus growing on the Federal Reserve. On the Comex division of the
New York Mercantile Exchange, gold futures for December delivery traded at $1,225.80 a troy ounce, down 0.06%, after hitting an
overnight session low of $1,227.50 and off a high of $1,232.00. Overnight, gold prices fell earlier as investors avoided the yellow metal and
jumped to the sidelines ahead of the Federal Reserve's statement on monetary policy on Wednesday. The Fed is widely seen closing its
bond-buying program, though uncertainty as to whether or not the statement will contain dovish or hawkish language surrounding
interest rates prompted investors to avoid the yellow metal ahead of time.
•
Natural gas prices moved lower on Monday after updated weather-forecasting models continued to call for mild temperatures across
much of the U.S., which should curb demand for both heating and air conditioning. On the New York Mercantile Exchange, natural gas
futures for delivery in December were down 1.33% at $3.649 per million British thermal units during U.S. trading. The commodity hit a
session low of $3.623, and a high of $3.720. The December contract settled down 0.22% on Friday to end at $3.698 per million British
thermal units. Natural gas futures were likely to find support at $3.545 per million British thermal units, the low from Nov. 19, 2013, and
resistance at $3.842, last Monday's high.
•
Oil futures ended Friday's session lower, amid speculation rising global supplies will be more than enough to meet slowing demand. On
the New York Mercantile Exchange, crude oil for delivery in December slumped $1.08, or 1.32%, on Friday to end the week at $81.01 a
barrel. For the week, New York-traded oil futures lost $1.38, or 1.67%, the fourth consecutive weekly decline.
•
Elsewhere, on the ICE Futures Exchange in London, Brent for December delivery fell 70 cents, or 0.81%, on Friday to settle at $86.13 a
barrel by close of trade. For the week, the November Brent contract dropped 3 cents, or 0.03%, the fifth straight weekly loss. Meanwhile
the spread between the Brent and the WTI crude contracts stood at $5.12 a barrel by close of trade on Friday, compared to $3.41 in the
preceding week.
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EPIC DAILY TOP PICKS
28th OCTOBER 2014
GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY :
BUY GOLD ABOVE 1230 TGT 1234,1239 SL 1225
SELL GOLD BELOW 1223 TGT 1219,1214 SL 1228
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TODAY'S ECONOMIC EVENTS
28th OCTOBER 2014
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28th OCTOBER 2014
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