Daily Archives: May 15, 2014

15May

Comex Commodity Trading Signals and Market News – 15th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices held steady to higher in Asia on Thursday with support from events in the Ukraine underpinning demand. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,306.10 a troy ounce, up 0.02%, after hitting an overnight session low of $1,291.70 and off a high of $1,309.10.

Silver comex for July delivery rose 0.14% at $19.803 a troy ounce. Copper futures for July delivery gained 0.07% at $3.158 a pound.

Crude oil prices fell in Asia Thursday on profit taking after strong overnight gains. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $102.03 a barrel, down 0.34%, after hitting an overnight session low of $101.82 a barrel and a high of $102.64 a barrel.

Brent oil on ICE Futures Europe settled up 88 cents, or 0.8%, to $110.41 a barrel.

Natural gas prices dipped on Wednesday as investors jumped to the sidelines to await the release of Thursday’s weekly supply report. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.347 per million British thermal units during U.S. trading, down 0.26%. The commodity hit session high of $4.403 and a low of $4.340. The June contract settled down 1.71% on Tuesday to end at $4.358 per million British thermal units.

• The copper price broke decisively higher during Wednesday’s LME premarket, with the fundamentally tight market setting the tone throughout the complex as sentiment moved up a notch from the previous session. Prices rose as high as $6,922 as buy- stops were triggered and then settled at $6,916 per tonne, a $71 advance from the Tuesday close. The nickel reverted back below $21,000 to trade at $20,690, down $309 in a correction from the previous day’s 27-month high of $21,625. Warehouse stocks were down 126 tonnes at 278,868 tonnes. The aluminium price was $8 higher at $1,789, while inventories fell 7,475 tonnes to 5,282,525 tonnes, the lowest since mid-March. Zinc business at $2,085 was $22 higher inventories fell 2,650 tonnes to a two-month low of 755,325 tonnes. The lead price gained $14 at $2,136 after stocks dropped 1,500 tonnes to 192,175 tonnes. Tin at $23,425 was up $90 and close to three-week highs – inventories were flat at 9,620 tonnes.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 102.06. If it sustain above the level of 102.18, it can touch the level of 102.68 & 103.34 respectively. If it breaks the level of 100.62, it can touch the level of 100.12, 99.47 respectively.

•BUY WTICRUDEOIL-NYMEX ABOVE 102.18 TGTS 102.68, 103.34 SL 101.58.
•SELL WTICRUDEOIL-NYMEX BELOW 100.62 TGTS 100.12, 99.47 SL 101.22.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

15May
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IForex Market Trading Signals and News of 15th May 2014

TRADING TIPS

EUR/GBP
EUR/USD was trading at 1.3721, up 0.15% for the day after falling to lows of 1.3688 late Tuesday, the weakest since April 4.The pair is likely to find support at 1.3688 and resistance at 1.3770, Tuesday’s high.The euro has come under heavy selling pressure in recent sessions after the European Central Bank indicated late last week that it could ease monetary policy as soon as its next meeting in June, to stop inflation in the euro zone from falling too low.The euro fell to session lows against the yen earlier Wednesday and weakened to a more than one-and-a-half year low against sterling following reports that the ECB is preparing to cut rates next month. Reuters reported that the ECB is preparing a “package of measures” including cuts to all interest rates, with negative rates on bank deposits, as well as measures to bolster lending to small and medium size businesses.The report cam

GBP/USD
GBP/USD hit lows of 1.6760, the weakest since April 16 and was last trading at 1.6785, down 0.23% for the day.Cable was likely to find support at 1.6600 and resistance at 1.6881.In its quarterly Inflation Report the BoE said it now expects economic growth of 2.9% in 2015, up from 2.7% in its February report, and said the rate of growth this year would remain unchanged at 3.4%.The bank said it expects annual inflation to be close to its 2% target over the next two to three years if interest rates in the U.K. rise in line with expectations in financial markets.The BoE’s Monetary Policy Committee said there has been a “modest narrowing” in the amount of slack in the economy over the past three months but added that there is scope to further reduce slack before hiking rates.

RECOMMENDATION:
1. Buy GBP/USD Above 1.6790- TG: 1.6710/ 1.6740 SL 1.6765
2. Sell GBP/USD Below 1.6750- TG: 1.6730/ 1.6700 SL 1.6780

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15May
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Financial Sgx Singapore Stock Market Trading Picks And News – 15th May 2014

MARKET UPDATES

  • MAINBOARD-listed Technics Oil and Gas and its Middle East Consortium partner have received a letter of award to set up a gas processing facility in South Asia worth S$166 million. The contract is for two years of operations and maintenance where the terms and conditions have yet to be finalized.
  • SHARES of ComfortDelgro surged more than six percent on Wednesday after the transport operator posted a 9.7 per cent year-on-year rise in its first quarter net profit. ComfortDelgro shares opened at S$2.15 before climbing to S$2.26 each. They were trading at S$2.22, up 10 cents, or 4.72 per cent,
  • NEWLY-listed PACC Offshore Services Holdings Ltd (POSH) has won an US$80.5 million charter contract from Brazil’s national oil company Petrobas for a semi-submersible accommodation vessel (SSAV). Petrobras will charter the vessel named “POSH XANADU” for a year from December, and has an option to extend it by another year. If so, the total contract value will be more than US$144 million.

STOCK RECOMMENDATION:

  • BUY CAPITALAND LTD ABOVE 3.130 TG 3.180, 3.230, 3.300 SL 3.060

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