DAILY COMEX COMMODITY REPORT
19th NOVEMBER 2014
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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
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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
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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.
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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
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TODAY'S ECONOMIC EVENTS
19th NOVEMBER 2014
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19th NOVEMBER 2014
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