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DAILY COMEX COMMODITY REPORT
11th FEBRUARY 2015
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DAILY MARKET OUTLOOK
11th FEBRUARY 2015
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1237.1
4.90
0.40%
APR-15
COMEX SILVER
USD/T OZ.
16.99
0.11
0.65%
MAR-15
COMEX COPPER
USD/LB.
2.5470
-0.04
-0.16%
MAR-15
PALTINUM
USD/T OZ.
1212.20
3.45
0.29%
APR-15
ENERGY COMMODITY FUTURES
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
50.23
0.2
0.41%
MAR-15
CRUDE OIL(BRENT)
USD/BBL.
57.28
-0.84
-1.45%
APR-15
NY. NATURAL GAS
USD/MMBTU
2.69
-0.05
-0.19%
MAR-15
NY. HEATING OIL
USD/GAL.
1.83
-0.02
-0.94%
MAR-15
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DAILY SUPPORT & RESISTANCE
11th FEBRUARY 2015
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-15)
1236.63
1237.16
1237.63
1238.16
1238.63
SILVER(MAR-15)
16.97
16.99
17.01
17.03
17.05
WTICRUDEOIL(MAR-15)
50.18
50.33
50.51
50.66
50.84
NATURALGAS(MAR-15)
2.689
2.69
2.69
2.69
2.693
COPPER(MAR-15)
2.54
2.54
2.54
2.55
2.548
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
-6050
COPPER
415.55
8.45
2.08%
COPPER
2725
LEAD
125.95
1.80
1.45%
LEAD
-900
ZINC
139.60
1.70
1.23%
ZINC
-4150
NICKEL
961.00
16.70
1.77%
NICKEL
-234
TIN
564.00
-4.10
-0.72%
TIN
-10
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INTERNATIONAL COMMODITY NEWS
11th FEBRUARY 2015
•
Gold prices held mostly flat on Wednesday in Asia with Greece firmly in focus and China data ahead.Greece's Parliament approved the
government's economic plan in a vote late Tuesday that sets up a showdown with country's international creditors beginning this week
in Brussels.With 162 'yes' votes against 137 'nos' with one absentee lawmaker, Prime Minister Alexis Tsipras earned approval for a plan
that rolls back many of the austerity measures agreed by the former government of Antonis Samaras.
•
Copper prices edged lower on Tuesday, after data showed that inflation in China slowed to the lowest level in five years, underling
concerns over a slowdown in the world's second largest economy.On the Comex division of the New York Mercantile
Exchange, copper for March delivery fell by as much as 0.8 cents, or 0.31%, to hit a session low of $2.572 a pound, before trading at
$2.576 during European morning hours, down 0.4 cents, or 0.16%.A day earlier, copper for March delivery dipped 0.5 cents, or 0.19%, to
end at $2.580 a pound.A government report released earlier showed that Chinese inflation for January slowed to 0.8%, the lowest since
November 2009, from 1.5% in December.The producer price index fell by a more-than-expected 4.3% last month, giving policymakers in
Beijing more room to ease monetary policy.Data released earlier in the week showed that China's exports slumped 3.3% from a year
earlier last month, while imports tumbled 19.9%, pointing to weak domestic demand.
•
U.S. natural gas prices rallied for the second consecutive session on Tuesday, as forecasts for more cold over the next two weeks boosted
heating demand expectations.On the New York Mercantile Exchange, natural gas for delivery in March rose by as much as 8.4 cents, or
3.13%, to hit a daily high of $2.681 per million British thermal units, before trading at $2.666 during U.S. morning hours, up 6.9 cents, or
2.64%.The National Oceanic and Atmospheric Administration said late Monday that cooler temperatures were expected to make their
way into the southeast U.S. and with snow and freezing rain possible in the Northeast.The U.S. Northeast is a key gas-heating area.
Bullish speculators are betting on the cold weather boosting winter demand for the heating fuel.
•
Crude oil prices were quoted higher in early Asia on Wednesday after industry data showing solid builds in U.S. crude and product
supplies last week.The American Petroleum Institute said crude stocks rose 1.6 million barrels last week, while distillates gained 497,000
barrels and gasoline supplies increased 1.6 million barrels.Ahead on Wednesday, the U.S. Department of Energy will release more closely
watched figures on the same data.China's January new loans, money supply and total social financing data are due, but there is no fixed
time.New loans are expected to have nearly doubled in January to 1.35 trillion yuan while total social financing -- the PBOC's broadest
public measure of funding activity in the financial system -- may have hit 2.1 trillion yuan, up from December's 1.69 trillion yuan.
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EPIC DAILY TOP PICKS
11th FEBRUARY 2015
GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY :
TRADING STRATEGY :
BUY GOLD ABOVE 1240 TARGET 1245 1251 SL 1234
SELL GOLD BELOW 1228 TARGET 1223 1217 SL 1234
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TODAY'S ECONOMIC EVENTS
11th FEBRUARY 2015
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11th FEBRUARY 2015
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