DAILY COMEX COMMODITY REPORT
5th MARCH 2015
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DAILY MARKET OUTLOOK
5th MARCH 2015
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1203.40
+2.50
+0.21
APR-15
COMEX SILVER
USD/T OZ.
16.25
+0.09
+0.57
MAY-15
COMEX COPPER
USD/LB.
266.35
+0.40
+0.15
MAY-15
PALTINUM
USD/T OZ.
1185.00
+2.37
+0.20
APR-15
ENERGY COMMODITY FUTURES
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL(WTI)
USD/BBL.
51.77
+0.24
+0.47
APR-15
CRUDE OIL(BRENT)
USD/BBL.
60.61
+0.06
+0.10
APR-15
NY. NATURAL GAS
USD/MMBTU
2.78
+0.01
+0.51
APR-15
NY. HEATING OIL
USD/GAL.
189.65
-0.48
-0.25
APR-15
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DAILY SUPPORT & RESISTANCE
5th MARCH 2015
COMMODITY
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2
GOLD(APR-15)
1199.23
1201.26
1202.63
1204.66
1206.03
SILVER(MAY-15)
16.140
16.187
16.225
16.272
16.310
WTICRUDEOIL(APR-15)
51.53
51.64
51.71
51.82
51.89
NATURALGASAPR -15)
2.774
2.777
2.782
2.785
2.790
COPPER(MAY-15)
2.649
2.655
2.661
2.667
2.673
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
-7050
COPPER
415.55
8.45
2.08%
COPPER
+10725
LEAD
125.95
1.80
1.45%
LEAD
-350
ZINC
139.60
1.70
1.23%
ZINC
-3950
NICKEL
961.00
16.70
1.77%
NICKEL
+342
TIN
564.00
-4.10
-0.72%
TIN
+50
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INTERNATIONAL COMMODITY NEWS
5th MARCH 2015
•
Gold futures showed nervousness ahead of release of a batch of economic data such as ADP employment report, Fed's Beige book and
US ISM non-manufacturing index slated to come out later today. US gold slipped for the straight third session triggered by higher dollar
values .The US dollar climbed to its highest level since September 2003 on Wednesday ahead of closely-watched jobs data and the
European Central Bank meeting later in the week. COMEX Gold for the April delivery quotes at $1,203.80 an ounce, down $.60 and the
Silver May delivery quotes at $16.278, down 1.8 cents an ounce.
•
Oil prices was silent in the early European trades on Wednesday from the previous session's tumble, lifted by fighting that threatened
Libya's oilfields. On the New York Mercantile Exchange, the price of WTI crude oil for delivery in April was quoted at $50.56 a barrel, up 4
cents. Oil prices was silent in the early European trades on Wednesday from the previous session. The American Petroleum Institute said
that crude oil stocks rose 2.9 million barrels last week, while distillates fell 296,000 barrels and gasoline stocks gained 530,000 barrels.
The figures set the tone for more closely watched data from the U.S. Department of Energy due on Wednesday. Oil prices was silent in
the early European trades on Wednesday from the previous over aggressive, oil prices surged on Tuesday, moving up sharply during
Israeli Prime Minister Benjamin Netanyahu's address in front of Congress, before falling slightly back, as futures continued on a volatile
path.
•
Copper prices declined for the second consecutive session on Wednesday, as investors looked ahead to the start of China’s National
People’s Congress annual meeting on Thursday. The Asian nation is the world’s largest copper consumer, accounting for almost 40% of
world consumption last year. On the Comex division of the New York Mercantile Exchange, copper for May delivery slumped 1.7 cents, or
0.64%, to trade at $2.640 a pound during European morning hours. Futures were likely to find support at $2.616, the low from February
25, and resistance at $2.695, the high from March 3.A day earlier, copper lost 4.1 cents, or 1.52%, to settle at $2.656 a pound, as
concerns over the health of China's economy and a broadly stronger U.S. dollar dampened the appeal of the red metal.
•
U.S Natural gas prices rallied sharply on Wednesday, as a blast of frigid winter weather was expected to boost near-term fuel demand.
According to weather forecasting models, the Eastern half of the U.S. was expected to see heavy snow and freezing temperatures
through March 7, in what was expected to be the last major system of the winter. At least 30 states were under winter weather alerts on
Wednesday, affecting nearly 120 million Americans. Bullish speculators are betting that colder weather will increase demand for the
heating fuel. Approximately 49% of U.S. households use natural gas for heating, according to the Energy Department.
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EPIC DAILY TOP PICKS
5th MARCH 2015
GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY :
TRADING STRATEGY :
BUY GOLD ABOVE 1205.5 TARGET 1210.50 1216.50 SL 1199.50
SELL GOLD BELOW 1199 TARGET 1194 1188 SL 1205
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TODAY'S ECONOMIC EVENTS
5th MARCH 2015
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5th MARCH 2015
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