Comex Market

24Nov

Comex Commodity Trading Signals and Market News – 24 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in early Asia on Monday with the focus on a weak yen and signals from Beijing on measures to boost the economy. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,202.20 a troy ounce, up 0.32%. On Friday they settled at $1,197.70 a troy ounce. Markets in Japan are shut on Monday.

• U.S. natural gas futures rose to a near five-month high on Friday, before turning lower to end the session down 5% as weather forecasting models pointed to less frigid temperatures across the U.S. later this month. On the New York Mercantile Exchange, natural gas for delivery in December tumbled 22.3 cents, or 4.97%, on Friday to settle at $4.266 per million British thermal units by close of trade.

• A double shot of upbeat U.S. data and talk oil cartel OPEC may consider trimming output to shore up slumping prices sent crude futures rising on Thursday. In the New York Mercantile Exchange, West Texas Intermediatecrude oil futures for delivery in January traded up 0.85% at $75.13 a barrel during U.S. trading, up from a session low of $74.22 a barrel and off a high of $75.53 a barrel. The January contract settled down 0.19% at $74.50 a barrel on Wednesday.

Copper futures edged lower on Thursday, in the wake of disappointing economic signals from China, where data showed manufacturing activity hit a six-month low in November. On the Comex division of the New York Mercantile Exchange, copper for December delivery declined 1.5 cents, or 0.48% to trade at $3.031 a pound during European morning hours. A day earlier, copper rallied 4.3 cents, or 1.43%, to settle at $3.045 a pound amid speculation policymakers around the world will have to introduce further stimulus measures to support the global economy and boost growth.

Oil prices declined on Thursday, as concerns over the global economy mounted following the release of disappointing manufacturing data out of China and the euro zone. On the ICE Futures Exchange in London, Brent oil for January delivery shed 47 cents, or 0.6%, to trade at $77.64 a barrel. A day earlier, Brent declined 37 cents, or 0.47%, to settle at $78.10. London-traded Brent futures fell to a four- year low of $76.76 a barrel on November 14.

TRADING STRATEGY :

  • SELL GOLD BELOW 1191 TARGET 1181 1176 SL 1201
  • BUY GOLD ABOVE 1205 TARGET 1215 1230 SL 1195

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

21Nov

Comex Commodity Trading Signals and Market News – 21 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady to weaker in Asia on Friday with markets in Tokyo trading light ahead of a three-day weekend, though investors are still looking for physical demand support ahead of the year-end holidays. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,193.00 a troy ounce, down 0.04%, after hitting an overnight session low of $1,176.30 and off a high of $1,196.60. Japan has a publi holiday on Monday. Overnight, Gold prices edged lower in U.S. trading on Thursday after a batch of upbeat U.S. indicators sent investors flocking to the dollar, which trades inversely with the yellow metal.

Crude oil prices eased in early Asia on Friday with markets in Tokyo in light trade ahead of a three-day weekend and mixed supply/demand signals ahead of a key OPEC meeting next week. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $76.55 a barrel, up 0.94%, after hitting an overnight session low of $74.22 a barrel and off a high of $75.53 a barrel. Markets in Tokyo are shut on Monday.

Natural gas futures jumped up on Thursday after data revealed U.S. inventories dropped more last week than markets were expecting. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 0.92% at $4.411 per million British thermal units during U.S. trading. The commodity hit a session low of $4.253, and a high of $4.500. The December contract settled up 2.99% on Wednesday to end at $4.371 per million British thermal units.

Oil prices declined on Thursday, as concerns over the global economy mounted following the release of disappointing manufacturing data out of China and the euro zone. On the ICE Futures Exchange in London, Brent oil for January delivery shed 47 cents, or 0.6%, to trade at $77.64 a barrel.

Copper futures edged lower on Thursday, in the wake of disappointing economic signals from China, where data showed manufacturing activity hit a six-month low in November. On the Comex division of the New York Mercantile Exchange, copper for December delivery declined 1.5 cents, or 0.48% to trade at $3.031 a pound during European morning hours. A day earlier, copper rallied 4.3 cents, or 1.43%, to settle at $3.045 a pound amid speculation policymakers around the world will have to introduce further stimulus measures to support the global economy and boost growth.

TRADING STRATEGY :

  • SELL GOLD BELOW 1191 TARGET 1185 ,1175 SL 1197

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

20Nov

Comex Commodity Trading Signals and Market News – 20 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell in U.S. trading on Wednesday as investors bet the Federal Reserve remains on track to raise interest rates some time in 2015, as only the timing of a move to tighten policy is still up in the air. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.96% at $1,185.60, up from a session low of $1,174.90 and off a high of $1,201.70. The December contract settled up 1.15% at $1,197.10 on Tuesday.

Crude oil prices dipped in early Asia on Thursday with demand prospects in focus ahead of a key gauge of manufacturing in China. In focus in Asian data is the HSBC China November flash manufacturing PMI at 0945 local time (0145 GMT). Investors will be watching for signs of further improvement in the headline after October’s final rose to a three-month high of 50.4. In the New York Mercantile Exchange, West Texas Intermediate crude futures for delivery in January traded at 74.33 a barrel, down 0.17%, after hitting an overnight session low of $73.92 a barrel and off a high of $75.25 a barrel.

Natural gas futures soared on Wednesday after updated weather-forecasting models called for reinforcing blasts of cold air to shoot across the U.S. in the coming weeks, which should hike demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 3.76% at $4.404 per million British thermal units during U.S. trading. The commodity hit a session low of $4.195, and a high of $4.506. The December contract settled down 2.23% on Tuesday to end at $4.244 per million British thermal units.

Copper futures stabilized on Wednesday, following two consecutive losses, amid speculation policymakers around the world will have to introduce further stimulus measures to support the global economy and boost growth. On the Comex division of the New York Mercantile Exchange, copper for December delivery tacked on 0.7 cents, or 0.23% to trade at $3.009 a pound during European morning hours.

Oil futures traded near four-year lows on Wednesday, as market players assessed the likelihood that the Organization of the Petroleum Exporting Countries will cut output to support prices when it meets later this month. On the ICE Futures Exchange in London, Brent oil for January delivery lost 36 cents, or 0.46%, to trade at $78.11 a barrel. A day earlier, Brent declined 84 cents, or 1.06%, to settle at $78.47. London-traded Brent futures fell to a four-year low of $76.76 a barrel on November 14.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1185 TGT 1189,1195 SL 1180
  • SELL GOLD BELOW 1175 TGT 1171,1165 SL 1180

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

19Nov

Comex Commodity Trading Signals and Market News – 19 November 2014

INTERNATIONAL COMMODITY NEWS :

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.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1195 TGT 1199,1204 SL 1190
  • SELL GOLD BELOW 1188 TGT 1184,1179 SL 1193

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

18Nov

Comex Commodity Trading Signals and Market News – 18 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices erased gains on Monday, as a short-covering rally that boosted futures to a two-week high earlier in the session lost momentum. Elsewhere, news that Japan has entered a recession fueled demand for the dollar, which pressured gold prices lower. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.08% at $1,184.60, up from a session low of $1,181.10 and off a high of $1,193.60. The December contract settled up 2.07% at $1,185.60 on Friday.

Crude oil prices traded weaker in Asia on Tuesday ahead of crude oil stock estimates by U.S. industry group the American Petroleum Institute later in the day expected to provide direction ahead of more closely watched government data on wednesday. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $75.48 a barrel, down 0.24%, after hitting an overnight session low of $74.76 a barrel and off a high of $76.14 a barrel.

• January Brent crude on London’s ICE Futures exchange fell $0.49 to $78.92 a barrel on Monday. NYMEX crude lost 3.60% last week and has fallen for seven consecutive weeks, while Brent crude lost 5.43% last week and has been down for eight consecutive weeks.

• U.S. natural gas futures rose for the first time in five sessions on Friday, as a round of short-covering and bargain-buying supported prices. On the New York Mercantile Exchange, natural gas for delivery in December picked up 4.3 cents, or 1.08%, to settle at $4.020 per million British thermal units by close of trade. Futures fell to a session low of $3.931 per million British thermal units earlier in the day, the weakest level since October 31.

Copper futures edged lower on Monday, after data showed that Japan unexpectedly slipped into recession, fuelling concerns over the global economic outlook. On the Comex division of the New York Mercantile Exchange, copper for December delivery shed 1.3 cents, or 0.43% to trade at $3.034 a pound during European morning hours. Futures were likely to find support at $2.985, the low from November 14,and resistance at $3.074, the high from November 4.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1187 TGT 1192,1197 SL 1182
  • SELL GOLD BELOW 1182 TGT 1178,1173 SL 1187

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

17Nov

Comex Commodity Trading Signals and Market News – 17 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold price rose slightly in early Asia on Friday on hopes for physical demand as the end of year holiday season approaches. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,161.50 a troy ounce, up 0.05%, after hitting an overnight session low of $1,153.40 and off a high of $1,167.30. Overnight, gold prices rose earlier on news more sought first-time joblessness assistance in the U.S. last week, which weakened the dollar, though the yellow metal gave back gains on sentiments the Federal Reserve will hike interest rates next year.

Natural gas futures edged higher on Friday after investors digested a lackluster weekly supply report and determined the numbers largely met expectations. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 1.11% at $4.021 per million British thermal units during U.S. trading. The commodity hit a session low of $3.935, and a high of $4.041. The December contract settled down 4.97% on Thursday to end at $3.977 per million British thermal units. Natural gas futures were likely to find support at $3.620 per million British thermal units, the low from Oct. 28, and resistance at $4.544, Monday’s high.

Crude futures shot up from four-year lows on Friday amid market talk that OPEC countries may consider cutting output to bolster prices at its upcoming meeting. n the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded up 1.36% at $75.22 a barrel during U.S. trading, up from a session low of $73.28 a barrel and off a high of $75.73 a barrel. The December contract settled down 3.85% at $74.21 a barrel on Thursday. Support for the commodity was seen at $72.81 a barrel, the low from Sept. 21, 2010, and resistance at $78.08 a barrel, Wednesday’s high.

• On the ICE Futures Exchange in London Friday, Brent for January delivery jumped $1.92, or 2.48%, to settle at $79.41 a barrel by close of trade. Concerns over weakening global demand combined with indications that OPEC producers will not cut output have weighed on prices in recent months.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1186 TGT 1190,1195 SL 1181
  • SELL GOLD BELOW 1182 TGT 1178,1173 SL 1187

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

14Nov

Comex Commodity Trading Signals and Market News – 14 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold price rose slightly in early Asia on Friday on hopes for physical demand as the end of year holiday season approaches. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,161.50 a troy ounce, up 0.05%, after hitting an overnight session low of $1,153.40 and off a high of $1,167.30.

Crude oil eased higher in Asia on Friday ina rebound from sharp drops overnight as ample global supplies weigh on the market. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded at $74.35 a barrel, up 0.09%, after hitting an overnight session low of $74.97 a barrel and off a high of $77.16 a barrel. Overnight, crude futures plunged to three-year lows on Thursday on news that Chinese industrial output missed expectations, which stoked concerns the world’s second-largest consumer of oil may be battling increasing headwinds.

Natural gas futures fell on Thursday after investors locked in gains stemming from a blast of cold air shooting across the U.S. and sold the commodity for profits, as updated weather-forecasting models called for milder temperatures ahead. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 3.21% at $4.051 per million British thermal units during U.S. trading. The commodity hit a session low of $4.047, and a high of $4.175. The December contract settled down 1.46% on Wednesday to end at
$4.185 per million British thermal units.

Copper futures edged higher on Thursday, after data showed that China’s factory output grew less than expected in October, adding to pressure on policymakers to introduce broad-based stimulus measures. On the Comex division of the New York Mercantile Exchange, copper for December delivery tacked on 0.7 cents, or 0.22% to trade at $3.032 a pound during European morning hours. A day earlier, copper prices lost 0.8 cents, or 0.26%, to settle at $3.025 a pound.

Brent oil futures sank to the lowest level in more than four years on Thursday, amid indications the Organization of the Petroleum Exporting Countries will not cut output to relieve a global supply glut. On the ICE Futures Exchange in London, Brent for January delivery fell by as much as 1.1% to touch a daily low of $80.23 a barrel, the weakest level since October 2010.Prices recovered to last trade at $80.57 during European morning hours, down 55 cents, or 0.68%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1162 TGT 1166,1171 SL 1157
  • SELL GOLD BELOW 1155 TGT 1151,1147 SL 1160

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

13Nov

Comex Commodity Trading Signals and Market News – 13 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices moved lower on Wednesday in a quiet trading session void of major U.S. economic indicators, pressured downward by a firmer dollar. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.40% at $1,158.40, up from a session low of $1,156.70 and off a high of $1,169.40. The December contract settled up 0.28% at $1,163.00 on Tuesday.

Crude oil prices fell marginally in Asia on Thursday after U.S. industry stockpile data showed a fairly large drop in crude stocks ahead of key government data. The American Petroleum Institute showed a 1.5 million-barrel decline in crude supplies, a 1.1 million-barrel build in gasoline inventories and a 1.3 million-barrel drop in distillate stocks in the past week in data released late Wednesday.

Natural gas futures edged lower on Wednesday after investors locked in gains stemming from the arrival of winter weather in the U.S. and sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 0.91% at $4.209 per million British thermal units during U.S. trading. The commodity hit a session low of $4.146, and a high of $4.227. The December contract settled down 0.19% on Tuesday to end at $4.247 per million British thermal units.

Copper futures edged lower on Wednesday, as traders looked ahead to key Chinese economic data later in the week to gauge the strength of the world’s second largest economy and biggest consumer of the industrial metal. On the Comex division of the New York Mercantile Exchange, copper for December delivery shed 0.6 cents, or 0.2% to trade at $3.027 a pound during European morning hours. A day earlier, copper prices fell to $2.990 a pound, the weakest level since November 5, before turning higher to settle at $3.033, up 1.3 cents, or 0.43%.

• Brent oil futures traded near the previous session’s four-year low on Wednesday, as market players looked ahead to the release of the Organization of the Petroleum Exporting Countries’ monthly report due later in the day. On the ICE Futures Exchange in London, Brent for January delivery fell by as much as 1% to touch a daily low of $81.56 a barrel, before recovering to trade at $81.67 during European morning hours, down 72 cents, or 0.87%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1165 TGT 1169,1175 SL 1160
  • SELL GOLD BELOW 1158 TGT 1154,1149 SL 1163

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

12Nov

Comex Commodity Trading Signals and Market News – 12 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady in Asia early Wednesday with investors on the sidelines awaiting new demand cues. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,163.70 a troy ounce, down 0.03%, after hitting an overnight session low of $1,145.60 and off a high of $1,165.70. Overnight, gold prices moved higher on Tuesday on a double shot of rising physical demand and a weaker dollar.

Natural gas futures edged lower on Tuesday as investors priced in blasts of cold air to trek across the U.S. in the coming days and sold the commodity for profits amid uncertain longer-term U.S. weather forecasts. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 0.60% at $4.230 per million British thermal units during U.S. trading. The commodity hit a session low of $4.125, and a high of $4.297. The December contract settled down 3.56% on Monday to end at $4.255 per million British thermal units.

Crude oil prices rebounded marginally in early Asia on Wednesday with events in Libya a focus. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded at $77.56 a barrel, up 0.05%, after hitting an overnight session low of $76.45 a barrel and off a high of $77.65 a barrel.

Copper futures fell to a one-week low on Tuesday, as a broadly stronger U.S. dollar and speculation slowing economic growth in China will dampen demand for the industrial metal weighed. On the Comex division of the New York Mercantile Exchange, copper for December delivery hit a daily low of $2.991 a pound, the weakest level since November 5. Copper last traded at $2.995 a pound during European morning hours, down 2.5 cents, or 0.83%. A day earlier, copper futures lost 1.8 cents, or 0.61% to settle at $3.020 a pound.

• Brent oil futures sank to the lowest level in more than four years on Tuesday, as ongoing concerns over a glut in world markets continued to drive prices lower. On the ICE Futures Exchange in London, Brent for January delivery fell to a daily low of $81.83 a barrel, a level not seen since October 2010. Prices recovered to last trade at $82.36 a barrel during European morning hours, down 59 cents, or 0.71%. A day earlier, London-traded Brent futures lost $1.02, or 1.21%, to settle at $82.95 a barrel.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1165 TGT 1169,1174 SL 1160
  • SELL GOLD BELOW 1160 TGT 1156,1151 SL 1165

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

11Nov

Comex Commodity Trading Signals and Market News – 11 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rebounded in Asia on Tuesday as physical demand bolstered the market. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,152.60 a troy ounce, up 0.18%, after hitting an overnight session low of $1,152.50 and off a high of $1,177.40. Overnight, gold fell on Monday after investors took a fresh take on Friday’s soft October jobs report and determined the data was not weak enough to convince the Federal Reserve to keep policy loose for longer to ensure recovery.

Natural gas futures edged lower on Monday after updated weather-forecasting models reported that an impressive blast of cold air due to trek across the U.S. this week might not push as far south as once anticipated. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 1.02% at $4.367 per million British thermal units during U.S. trading. The commodity hit a session low of $4.314, and a high of $4.543.

Oil futures came off the highest levels of the session on Monday, after comments from Kuwait’s oil minister underlined concerns over a glut in world markets. On the ICE Futures Exchange in London, Brent for January delivery rose by as much as 1.77% earlier to touch a daily peak of $85.49 a barrel, before trimming gains to last trade at $84.19 during U.S. morning hours, up 21 cents, or 0.26%. Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in December shed 16 cents, or 0.2%, to trade at $78.49 a barrel, after being up by as much as 1.5% earlier in the day.

•Oil futures rose more than 1% on Monday, after data showed that Chinese crude imports accelerated sharply in October, but gains remained limited amid ongoing concerns over a glut in world markets. On the ICE Futures Exchange in London, Brent for January delivery traded at $85.14 a barrel during European morning hours, up $1.17, or 1.39%. lndon-traded Brent futures fell to $81.64 a barrel on November 5, a level not seen since October 2010.

Copper futures rose to a one-week high on Monday, boosted by data showing that Chinese imports of the red metal rose for the second consecutive month in October. On the Comex division of the New York Mercantile Exchange, copper for December delivery hit a daily high of $3.051 a pound, the most since November 4.Copper last traded at $3.047 a pound during European morning hours, up 0.8 cents, or 0.27%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1156 TGT 1160,1165 SL 1151
  • SELL GOLD BELOW 1151 TGT 1147,1143 SL 1156

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

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