DAILY COMEX COMMODITY REPORT 14 NOVEMBER 2014

DAILY COMEX COMMODITY REPORT
14th NOVEMBER 2014
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DAILY MARKET OUTLOOK
14th NOVEMBER 2014
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1158.7
-2.80
-0.24%
DEC-14
COMEX SILVER
USD/T OZ.
15.53
-0.09
-0.57%
DEC-14
COMEX COPPER
USD/LB.
3.0020
0.0120
0.41%
DEC-14
PALTINUM
USD/T OZ.
1193.60
-1.25
-0.10%
JAN-15
ENERGY COMMODITY FUTURES
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
74.27
0.03
0.04%
DEC-14
CRUDE OIL(BRENT)
USD/BBL.
77.96
0.35
0.46%
DEC-14
NY. NATURAL GAS
USD/MMBTU
3.97
-0.02
-0.41%
DEC-14
NY. HEATING OIL
USD/GAL.
2.37
0.01
0.31%
DEC-14
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DAILY SUPPORT & RESISTANCE
14th NOVEMBER 2014
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(DEC-14)
1158.43
1158.96
1159.93
1160.46
1161.43
SILVER(DEC-14)
15.53
15.55
15.59
15.61
15.65
WTICRUDEOIL(DEC-14)
74.27
74.31
74.37
74.41
74.00
NATURALGAS(DEC-14)
3.967
3.97
3.970
3.97
3.973
COPPER(DEC-14)
3.00
3.00
3.00
3.00
3.01
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
-3800
COPPER
6936.50
46.00
0.67%
COPPER
-850
LEAD
2140.50
1.00
0.05%
LEAD
-25
ZINC
2180.00
10.50
0.48%
ZINC
-200
NICKEL
18625.00
345.00
1.89%
NICKEL
360
TIN
22425.00
-175.00
-0.77%
TIN
210
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INTERNATIONAL COMMODITY NEWS
14th NOVEMBER 2014
•
Gold price rose slightly in early Asia on Friday on hopes for physical demand as the end of year holiday season approaches. On the Comex
division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,161.50 a troy ounce, up 0.05%, after hitting
an overnight session low of $1,153.40 and off a high of $1,167.30.
•
Crude oil eased higher in Asia on Friday ina rebound from sharp drops overnight as ample global supplies weigh on the market. On the
New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded at $74.35 a barrel, up 0.09%,
after hitting an overnight session low of $74.97 a barrel and off a high of $77.16 a barrel. Overnight, crude futures plunged to three-year
lows on Thursday on news that Chinese industrial output missed expectations, which stoked concerns the world's second-largest
consumer of oil may be battling increasing headwinds.
•
Natural gas futures fell on Thursday after investors locked in gains stemming from a blast of cold air shooting across the U.S. and sold the
commodity for profits, as updated weather-forecasting models called for milder temperatures ahead. On the New York Mercantile
Exchange, natural gas futures for delivery in December were down 3.21% at $4.051 per million British thermal units during U.S. trading.
The commodity hit a session low of $4.047, and a high of $4.175. The December contract settled down 1.46% on Wednesday to end at
$4.185 per million British thermal units.
•
Copper futures edged higher on Thursday, after data showed that China's factory output grew less than expected in October, adding to
pressure on policymakers to introduce broad-based stimulus measures. On the Comex division of the New York Mercantile Exchange,
copper for December delivery tacked on 0.7 cents, or 0.22% to trade at $3.032 a pound during European morning hours. A day earlier,
copper prices lost 0.8 cents, or 0.26%, to settle at $3.025 a pound.
•
Brent oil futures sank to the lowest level in more than four years on Thursday, amid indications the Organization of the Petroleum
Exporting Countries will not cut output to relieve a global supply glut. On the ICE Futures Exchange in London, Brent for January delivery
fell by as much as 1.1% to touch a daily low of $80.23 a barrel, the weakest level since October 2010.Prices recovered to last trade at
$80.57 during European morning hours, down 55 cents, or 0.68%.
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EPIC DAILY TOP PICKS
14th NOVEMBER 2014
GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY :
TRADING STRATEGY :
BUY GOLD ABOVE 1162 TGT 1166,1171 SL 1157
SELL GOLD BELOW 1155 TGT 1151,1147 SL 1160
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TODAY'S ECONOMIC EVENTS
14th NOVEMBER 2014
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14th NOVEMBER 2014
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