DAILY COMEX COMMODITY REPORT 17th MARCH 2015 Our Presence Epic Research India HNI & NRI Sales Contact USA Toll Free Number 411 Milinda Manor (Suites 409-425) 2117 Arbor Vista Dr. Charlotte (NC) 1-800-200-9454 2 RNT Marg. Opp Central Mall Cell: +1 704 249 2315 All queries should be directed to Indore (M.P.) [email protected] Hotline: +91 731 6642300 HNI & NRI Sales Contact Australia Or give us a missed call at Mintara Road, Tarneit, Victoria, Post Code 3029 026 5309 0639 Phone: +61 422 063855 YOUR MINTVISORY www.epicresearch.sg CALL: +6531581402 DAILY MARKET OUTLOOK 17th MARCH 2015 PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1,154.40 1.20 0.10% APR-15 COMEX SILVER USD/T OZ. 15.578 -0.039 -0.25% MAY-15 COMEX COPPER USD/LB. 2.659 -0.006 -0.23% MAY-15 PALTINUM USD/T OZ. 1,103.30 -3.25 -0.29% APR-15 ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 46.04 -0.09 -0.20% MAY-15 CRUDE OIL(BRENT) USD/BBL. 54.00 -0.14 -0.26% MAY-15 NY. NATURAL GAS USD/MMBTU 2.764 0.018 0.64% APR-15 NY. HEATING OIL USD/GAL. 1.7011 -0.0025 -0.15% APR-15 YOUR MINTVISORY www.epicresearch.sg CALL: +6531581402 DAILY SUPPORT & RESISTANCE 17th MARCH 2015 COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD(APR-15) 1141.27 1147.24 1155.27 1161.24 1169.27 SILVER(MAY-15) 15.356 15.487 15.621 15.752 15.886 WTICRUDEOIL(MAY-15) 43.93 45.04 46.16 47.24 48.36 NATURALGASAPR -15) 2.647 2.682 2.715 2.750 2.783 COPPER(MAY-15) 2.634 2.650 2.667 2.683 2.700 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 -6350 COPPER 415.55 8.45 2.08% COPPER +4000 LEAD 125.95 1.80 1.45% LEAD -1075 ZINC 139.60 1.70 1.23% ZINC -1200 NICKEL 961.00 16.70 1.77% NICKEL -1236 TIN 564.00 -4.10 -0.72% TIN -250 YOUR MINTVISORY www.epicresearch.sg CALL: +6531581402 INTERNATIONAL COMMODITY NEWS 17th MARCH 2015 • Fuel demand in Texas is growing strongly as lower oil prices encourage motorists to use their vehicles more and buy larger replacements. Receipts of motor fuel taxes in February 2015 were 6 percent higher than in the same month in 2014, according to the Texas Comptroller of Public Accounts. Texas collected almost $284 million in motor fuel taxes last month compared with $269 million in February 2014.Motor fuel taxes must be paid to the comptroller by the 25th day of the month after which they are collected by suppliers and distributors, so the February receipts are for gasoline and diesel sold in January. Year-over-year collections – and by extension gasoline and diesel sales – are growing at the fastest rate for more than a decade. • Those registered with the Shanghai Futures Exchange (SHFE) jumped again this week to 241,616 tonnes. They are now up by 136,000 tonnes since the start of January and close to the record high of 247,591 tonnes seen in March 2013.Indeed, stripping out the small bonded warehouse component, which was introduced in 2011 and which has been unchanged so far this year, SHFE stocks are already at all-time highs. Stocks registered with the London Metal Exchange (LME) also continue to boom. At 333,575 tonnes they are back at levels last seen in the closing days of 2013.The speed of the build has been turbo-charged. Total exchange stocks of copper, including those held in CME warehouses, have doubled in the space of three months to 582,000 tonnes. • Gold prices were higher to steady in early Asia on Tuesday with the focus on this week's Federal Reserve meeting and overall prospects for physical demand from China and India. On the Comex division of the New York Mercantile Exchange, gold prices for April delivery rose 0.09% to $1,154.20 per troy ounce. Overnight, gold future prices remained relatively stable on Monday, amid a slight rally by the euro after the currency hit record-lows last week at week’s end as metal traders await the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed could provide details on when it plans to raise interest rates. The U.S. central bank can remove a reference to remaining patient, which typically indicates that an interest rate hike could occur within the next two FOMC meetings. • A four-day drop in U.S. oil prices has shattered a month of relative stability and raised the specter of another sustained move lower as rocketing production and swelling inventories re-emerge as dominant market forces. Hammered by oversupply, U.S. oil prices fell 60 percent from $107 a barrel in June to below $44 a barrel in January before rallying and trading in a range around $50 in February. Experts began to discuss whether oil had "bottomed out", or reached its low point. But without any clear sign that oil output is slowing, and as winter fuel demand abates and inventory levels continue to rise every week, oil may be set for a push below $40 a barrel YOUR MINTVISORY www.epicresearch.sg CALL: +6531581402 EPIC DAILY TOP PICKS 17th MARCH 2015 GOLD COMEX -DAILY CANDLESTICK CHART TRADING STRATEGY : TRADING STRATEGY : BUY GOLD ABOVE 1159.50 TARGET 1164.50 1170.50 SL 1153.50 SELL GOLD BELOW 1150 TARGET 1145 1139 SL 1156 YOUR MINTVISORY www.epicresearch.sg CALL: +6531581402 TODAY'S ECONOMIC EVENTS 17th MARCH 2015 YOUR MINTVISORY www.epicresearch.sg CALL: +6531581402 DISCLAIMER 17th MARCH 2015 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. 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