Comex Market

26May

Comex Commodity Trading Signals and Market News – 26th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices rose in U.S. trading on Friday after upbeat data on new home sales fueled demand for the dollar, which tends to trade inversely with the yellow metal. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at 1,291.60 a troy ounce during U.S. trading, down 0.26%, up from a session low of $1,287.10 and off a high of $1,295.70. The June contract settled up 0.54% at $1,295.00 on Thursday.

Silver comex for July delivery was down 0.60% at $19.403 a troy ounce, while copper futures for July delivery were up 0.65% at $3.162 a pound.

• The ICE Futures Exchange in London, Brent oil futures for July delivery were up 0.16% and trading at US$110.54 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$6.14 a barrel.

Base metals were either consolidating or trading sideways on Friday morning other than aluminium, which was close to one-month highs. He copper price rose $38 from Thursday’s close to $6,913 per tonne. Stocks fell for the 23rd consecutive day, down a net 1,500 tonnes at 1,758,500 tonnes. The aluminium price jumped to $1,824, up $28 and its highest since April 29 – it has recovered from yesterday’s drop close to two-and-a-half month lows of $1,775. Close to 9,000 lots have changed hands so far, outpacing all other contracts. The nickel price was down $128 at $19,647 after stocks climbed 732 tonnes to 280,404 tonnes. The tin price at $23,220 was up $30; stocks were unchanged. The backwardation in the cash/threes spread was last at $35, considerably lower above $100 at the start of the week. Lead rose $23 to $2,150 – there was no change in stocks – and zinc increased $16.50, with stocks and cancelled warrants both down 5,925 tonnes at 728,425 tonnes and 101,625 tonnes respectively.

• Better-than-expected data on U.S. home sales sent oil prices rising on Friday, a day after a solid report on existing home sales painted a picture of a U.S. economy that continues to recover and will demand more fuel and energy going forward. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $104.40 a barrel during U.S. trading, up 0.64%. New York- traded oil futures hit a session low of $103.64 a barrel and a high of $104.50 a barrel. The July contract settled down 0.32% at $103.74 a barrel on Thursday.

• Bargain hunters snapped up nicely-priced natural gas futures on Friday after Thursday’s weekly supply report sent prices down to levels ripe for bottom fishing. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.390 per million British thermal units during U.S. trading, up 0.70%. The commodity hit session high of $4.404 and a low of $4.360. The June contract settled down 2.55% on Thursday to end at $4.359 per million British thermal units.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1471.75. If it breaks the level of 1468, it can touch the level of 1460 & 1450 respectively. If it sustain above the level of 1482, it can touch the level of 1490, 1500 respectively.

  • SELL PLATINUM-COMEX BELOW 1468 TGTS 1460, 1450 SL 1480.
  • BUY PLATINUM-COMEX ABOVE 1482 TGTS 1490, 1500 SL 1470.

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22May

Comex Commodity Trading Signals and Market News – 22nd May 2014

INTERNATIONAL COMMODITY NEWS

  • Gold prices held stronger in Asia on Thursday in a rebound from overnight trade as China’s manufacturing sector showed a surpising burst of upward momentum. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,292.60 a troy ounce, up 0.35%, after hitting an overnight session low of $1,286.40 and off a high of $1,296.40.
  • Silver comex for July delivery was up 0.49% at $19.432 a troy ounce. Copper futures for July delivery were up 0.47% at $3.141 a pound.
  • Crude oil prices recovered in Asia Thursday after stronger manufacturing in key importer China in May. China’s HSBC May flash manufacturing PMI rose to 49.7, well above expectations of matching the April reading of 48.1. On the New York Mercantile Exchange,
  • West Texas Intermediate crude oil for delivery in July traded at $104.06 a barrel, bearly flat, after hitting an overnight session low of $102.58 a barrel and a high of $104.27 a barrel.
  • Brent crude futures on the ICE Futures Europe exchange rose 86 cents to $110.55 a barrel on Wednesday.
  • Natural gas prices fell on Wednesday after investors sold the commodity for profits and jumped to the sidelines to await the release of Thursday’s weekly U.S. inventory report. On the New York Mercantile Exchange, Natural gas futures for delivery in June traded at $4.489 per million British thermal units during U.S. trading, down 1.38%. The commodity hit session high of $4.575 and a low of $4.487. The June contract settled up 1.83% on Tuesday to end at $4.552 per million British thermal units.
  • Base metals traded mixed on Thursday Asian trade after the release of the FOMC meetings last night. The release of the Chinese PMI this morning came in a huge positive, driving copper higher. The optimistic data was much needed especially since a downgrade to the property sector in the country warns of more downside risk ahead. In the metals, copper is bid at $6,876, $45 up from Wednesday’s kerb close at $6,831 per tonne. In the forward spreads, the backwardation in cash/threes, which at the start of the month was around $70, has eased to $54 currently. Aluminium is $6 higher at $1,773 as stocks fell a net 9,775 tonnes to 5,232,175 tonnes, a one-month low. Cancelled warrants were down 11,625 tonnes at 2,854,425 tonnes. Nickel which finished at $19,500 yesterday, traded up $300 this morning to last at $19,800 although stocks increased 882 tonnes to 280,020 tonnes and cancelled warrants slipped 2,778 tonnes to 119,352 tonnes. Tin closed under $23,000 at $22,975 and this morning fell further to $22,950 per tonne – there was no change in stocks. Lead increased $7 to $2,130 after a 200-tonne reduction in stocks to 192,375 tonnes and zinc was $7 higher at $2,074 – stocks and cancelled warrants both fell 3,800 tonnes to 739,650 tonnes and 112,650 tonnes respectively.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 103.84. If it sustain above the level of 104.34, it can touch the level of 104.84 & 105.45 respectively. If it breaks the level of 103.03, it can touch the level of 102.53, 101.73 respectively.
  • BUY WTICRUDEOIL-NYMEX ABOVE 104.34 TGTS 104.84, 105.45 SL 103.74.
  • SELL WTICRUDEOIL-NYMEX BELOW 103.03 TGTS 102.53, 101.73 SL 103.63.

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

19May

Comex Commodity Trading Signals and Market News – 19th May 2014

INTERNATIONAL COMMODITY NEWS

• Better-than-expected data out of the U.S. housing sector sent gold prices falling on Friday as investors bet the Federal Reserve will continue to taper stimulus programs that have supported the yellow metal for years. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at 1,292.30 a troy ounce during U.S. trading, down 0.10%, up from a session low of $1,287.90 and off a high of $1,298.40.The June contract settled down 0.94% at $1,293.60 on Thursday.

Silver comex for July delivery was down 0.83% at $19.322 a troy ounce, while copper futures for July delivery were up 0.01% at $3.145 a pound.

Crude futures rose on Friday after U.S. housing data beat expectations, while concerns a deal to reopen Libyan oilfields will collapse also bolstered prices. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $102.07 a barrel during U.S. trading, up 0.56%. New York-traded oil futures hit a session low of $101.40 a barrel and a high of $102.23 a barrel. The June contract settled up 0.85% at $101.50 a barrel on Thursday.

• The ICE Futures Exchange in London, Brent oil futures for July delivery were up 0.55% and trading at US$109.69 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.62 a barrel.

Natural gas prices fell on Friday after updated weather-forecasting models called for mild temperatures across much of the U.S., which should curb demand for both heating and air conditioning. On the New York Mercantile Exchange,natural gas futures for delivery in June traded at $4.443 per million British thermal units during U.S. trading, down 0.59%. The commodity hit session high of $4.458 and a low of $4.418. The June contract settled up 2.34% on Thursday to end at $4.469 per million British thermal units.

Base metals were modestly firmer in early LME trading on Friday, with volumes relatively slight after an uptick in the Ukrainian tensions dampened potential risk appetite. The metals the copper price remains near the mid-week three-month highs of $6,940 – it was last at $6,884 per tonne, up $4 – though it would appear the test of $7,000 will be delayed for now. The nickel price, which fell some 10 percent at one stage on Thursday to two-week lows near $18,000, managed to climb above $19,000 once again. It was last at $19,113, up $363. Stocks increased 480 tonnes to 279,816 tonnes. In others, the aluminium price traded at $1,776.50, a 50-cent advance. Inventories fell by 9,500 tonnes to 5,264,450 tonnes. Tin eased $50 to $23,300 even as stocks declined 55 tonnes to 9,665. Zinc business at $2,061.75 was up $2.75, while the lead price at $2,122.50 was $8.50 lower.These metals saw stocks respectively decline 2,325 tonnes to 751,650 tonnes and 275 tonnes to 190,950 tonnes.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 109.69. If it sustain above the level of 109.84, it can touch the level of 110.34 & 111.04 respectively. If it breaks the level of 108.60, it can touch the level of 108.10, 107.40 respectively.

•BUY BRENTCRUDEOIL-NYMEX ABOVE 109.84 TGTS 110.34, 111.04 SL 109.24.
•SELL BRENTCRUDEOIL-NYMEX BELOW 108.60 TGTS 108.10, 107.40 SL 109.20.

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

16May

Comex Commodity Trading Signals and Market News – 16th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices gained in Asia on Friday on physical demand and as the CME cut the amount of collateral required to trade the benchmark gold and silver futures contracts overnight. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,296.50 a troy ounce, up 0.22%, after hitting an overnight session low of $1,291.10 and off a high of $1,307.30.

Silver comex for July delivery was up 0.09% at $19.502 a troy ounce. Copper futures for July delivery were up 0.09% at $3.147 a pound.

Crude oil prices edged up in Asia Friday in thin trade supported by ongoing tensions in the Ukraine and the potential for shits in U.S. policy or deals with China on crude exports. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.62 a barrel, up 0.12%, after hitting an overnight session low of $101.28 a barrel and a high of $102.25 a barrel.

• The front-month June contract for Brent oil expired Thursday, rising 25 cents, or 0.2%, to $110.44 a barrel on the ICE Futures Europe exchange. Most of the volume in the Brent market has rolled forward into the July contract, which settled down 22 cents, or 0.2%, at $109.09 a barrel.

Natural gas prices shot up on Thursday after data revealed inventories rose more than expected though still small enough to allay supply concerns. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.456 per million British thermal units during U.S. trading, up 2.03%. The commodity hit session high of $4.508 and a low of $4.327. The June contract settled up 0.21% on Wednesday to end at $4.367 per million British thermal units.

• The nickel price was hammered by waves of technically triggered long liquidation during active Thursday LME premarket trading – the downside correction that started yesterday accelerated. the copper price was trading at an unchanged $6,920 per tonne, having touched $6,940 on Wednesday. Attention was on nearby spread tightness, with ‘Tom/next’ (tomorrow/next day) trading at $2.00 backwardation and May/June at $15 premium. Warehouse stocks notched up their 17th successive daily fall – down a net 6,400 tonnes at 191,075 tonnes, the lowest since September 2008.The aluminium price traded at $1,803, a $5.50 loss – stocks were down 8,175 tonnes at 5,273,950 tonnes, a two-month low. Zinc at $2,080 was $23 lower while inventories fell 1,350 tonnes to 753,975 tonnes, the lowest since early March. Lead business at $2,145 was down $13 – stocks declined 950 tonnes to 191,225 tonnes, the lowest since September 2013. The tin price was $100 lower at $23,300, with a 100-tonne jump in stocks to 9,720 tonnes, the highest since April 1.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1462.25. If it sustain above the level of 1470, it can touch the level of 1478 & 1488 respectively. If it breaks the level of 1451, it can touch the level of 1443, 1433 respectively.

•BUY PLATINUM-COMEX ABOVE 1470 TGTS 1478, 1488 SL 1455.
•SELL PLATINUM-COMEX BELOW 1451 TGTS 1443, 1433 SL 1466.

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

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.

14May

Comex Commodity Trading Signals and Market News – 14th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices eased in Asia on Wednesday in thin trade as investors await further cues on the dollar. On the Comex division of theNew York Mercantile Exchange, gold futures for June delivery traded at $1,293.10 a troy ounce, down 0.13%, after hitting an overnight session low of $1,289.20 and off a high of $1,298.80.

Silver comex for July delivery was down 0.05% at $19.538 a troy ounce. Copper futures for July delivery were up 0.07% at $3.135 a pound.

Crude oil prices rose in Asia on Wednesday after data pointed to a drop in U.S. gasoline stocks with the summer driving season gearing up. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.87 a barrel, up 0.16%, after hitting an overnight session low of $100.37 a barrel and a high of $101.51 a barrel.

Brent oil on the ICE futures exchange rose 83 cents, or 0.8%, to $109.24 a barrel on Tuesday, the highest settlement since April 25.

Natural gas prices fell on Tuesday after updated weather-forecasting models continued to call for mild temperatures to settle in across much of the U.S., which should crimp demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.386 per million British thermal units during U.S. trading, down 1.09%. The commodity hit session high of $4.547 and a low of $4.468. The June contract settled down 2.14% on Monday to end at $4.434 per million British thermal units.

Base metals business turned choppy during Tuesday’s LME premarket – the momentum seen during Monday’s robust advances faltered after the release of under-performing Chinese economic data.The copper price peaked at $6,893.25 per tonne and then settled back at $6,878, a $1 loss from the Monday close. Warehouse inventories fell for the 15th day in a row – down a net 2,350 tonnes at 202,975 tonnes, the lowest since October 2008. The nickel price burst above $21,000 to trade as high as $21,625 and then fell away to $20,771, down $129. The red-hot rally is showing signs of becoming technically overstretched but there is little sign of a significant correction. the zinc price at $2,086 was up $6, with inventories down 2,150 tonnes at 757,975 tonnes, the lowest for two months. Lead traded at $2,127, up $1.50, even after inventories rose 200 tonnes to 193,675 tonnes.The aluminium price was unchanged at $1,785 – inventories were down 13,875 tonnes at 5,289,600 tonnes, the lowest since mid-March. Tin at $23,050 rose $75 – stocks fell 20 tonnes to 9,620 tonnes.

TRADING STRATEGY :

SILVER-COMEX has closed @ 19.51. If it sustain above the level of 19.59, it can touch the level of 19.74 & 19.90 respectively. If it breaks the level of 19.13, it can touch the level of 18.98, 18.82 respectively.

BUY SILVER-COMEX ABOVE 19.59 TGTS 19.74, 19.90 SL 19.34.
SELL SILVER-COMEX BELOW 19.13 TGTS 18.98, 18.82 SL 19.38.

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

13May

Comex Commodity Trading Signals and Market News – 13th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices gained in Asia on Tuesday, supported by events in the Ukraine in thin trade with markets in Singapore, Vietnam, Thailand, Cambodia, Laos, Malaysia, Myanmar and Indonesia shut for Vesak Day. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,297.80 a troy ounce, up 0.15%, after hitting an overnight session low of $1,278.30 and off a high of $1,303.90.

Silver comex for July delivery rose 0.23% at $19.587 a troy ounce. Copper futures for July delivery gained 0.25% at $3.152 a pound.

Crude oil priced dipped in Asia on Tuesday ahead of U.S. industry crude oil stocks data and with markets in Singapore, Vietnam, Thailand, Cambodia, Laos, Malaysia, Myanmar and Indonesia shut for Vesak Day. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.54 a barrel, down 0.05%, after hitting an overnight session low of $99.94 a barrel and a high of $100.93 a barrel.

Brent oil on the ICE futures exchange rose 52 cents, or 0.5%, to $108.41 a barrel, its highest settlement price since May 2.

Natural gas prices fell on Monday after updated weather-forecasting models called for mild temperatures to settle in across much of the U.S. over the coming week, which should crimp demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.451 per million British thermal units during U.S. trading, down 1.78%. The commodity hit session high of $4.547 and a low of $4.451. The June contract settled down 0.90% on Friday to end at $4.531 per million British thermal units.

• The base metals closed with average gains of 0.5 percent on Friday, although that was skewed by the 3.9 percent rally in the nickel price, the rest were mixed, with aluminium, lead, zinc and tin lower, whilst the copper price gained 0.6 percent to $6,754.25. The copper price gained $30 from Friday’s close to $6,775 and inventories are at their lowest since October 2008 – stocks fell a net 4,700 tonnes to just 208,325 tonnes due to drawdowns in Antwerp, Johor and New Orleans. Cancelled warrants were also lower, down 4,775 tonnes at 94,050 tonnes. Aluminium at $1,766 was $4 higher, with stocks earlier down 8,600 tonnes at 5,313,300 tonnes and cancellations down 2,925 tonnes at 2,904,850 tonnes. The lead price was last $2,090, up $5 while the zinc price gained $3 higher at $2,035.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1460. If it sustain above the level of 3.1430, it can touch the level of 3.1550 & 3.1700 respectively. If it breaks the level of 3.1032, it can touch the level of 3.0912, 3.0760 respectively.

•BUY COPPER-COMEX ABOVE 3.1430 TGTS 3.1550, 3.1700 SL 3.1300.
•SELL COPPER-COMEX BELOW 3.1032 TGTS 3.0912, 3.0760 SL 3.1160.

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

12May

Comex Commodity Trading Signals and Market News – 12th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices edged up in U.S. trading on Friday as Ukraine inched closer to civil war, which bolstered the yellow metal’s safe-haven appeal. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at 1,287.80 a troy ounce during U.S. trading, up 0.01%, up from a session low of $1,285.60 and off a high of $1,294.50. The June contract settled down 0.09% at $1,287.70 on Thursday.

Silver comex for July delivery was down 0.14% at $19.112 a troy ounce, while copper futures for July delivery were up 0.76% at $3.086 a pound.

Crude futures edged lower on Friday as investors sold the commodity for profits after locking in gains on Ukraine tensions and jumped to the sidelines to await fresh news to steer prices higher or lower. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $99.90 a barrel during U.S. trading, down 0.36%. New York-traded oil futures hit a session low of $99.87 a barrel and a high of $101.15 a barrel. The June contract settled down 0.51% at $100.26 a barrel on Thursday.

• The ICE Futures Exchange in London, Brent oil futures for June delivery were down 0.29% and trading at US$107.82 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.92 a barrel.

Natural gas prices fell on Friday as investors avoided the commodity after data release earlier this week revealed that stockpiles rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.517 per million British thermal units during U.S. trading, down 1.21%. The commodity hit session high of $4.598 and a low of $4.514. The June contract settled down 3.54% on Thursday to end at $4.572 per million British thermal units.

Base metals prices were mostly lower in Friday’s premarket, weighed down by weak Chinese data. The copper price edged $2 lower from Thursday’s close to $6,727 per tonne, ignoring a drop in inventories to their lowest since October 2008. Stocks fell a net 4,700 tones to just 208,325 tonnes due to drawdowns in Antwerp, Johor and New Orleans. Cancelled warrants were also lower, down 4,775 tonnes at 94,050 tonnes.The nickel price surged ahead, peaking at its highest since February 2012 at $20,500 before settling back at $20,070, still up $670 on the Goro shutdown news. Aluminium at $1,763 was $2 lower, with stocks down 8,600 tonnes at 5,313,300 tonnes and cancellations down 2,925 tonnes at 2,904,850 tonnes. The tin price declined $70 to $23,130 although stocks fell 200 tonnes to 9,505 tonnes. The lead price was unchanged at $2,095, with no change in stocks, and zinc ticked $1 lower to $2,032 – stocks and cancelled warrants were both down 1,325 tonnes at 761,175 tonnes and 127,050 tonnes respectively.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 100.05. If it breaks the level of 99.87, it can touch the level of 99.37 & 98.69 respectively. If it sustain above the level of 100.47, it can touch the level of 100.97, 101.70 respectively.

•SELL WTICRUDEOIL-NYMEX BELOW 99.87 TGTS 99.37, 98.69 SL 100.52.
•BUY WTICRUDEOIL-NYMEX ABOVE 100.47 TGTS 100.97, 101.70 SL 99.82.

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

9May

Comex Commodity Trading Signals and Market News – 09th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices gained in Asia on Friday driven by physical demand.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,289/80 a troy ounce, up 0.16%, after hitting an overnight session low of $1,285.70 and off a high of $1,295.50.

Silver comex for July delivery was up 0.11% at $19.160 a troy ounce. Copper futures for July delivery were up 0.04% at $3.061 a pound.

Crude oil prices were higher in Asia on Friday after China’s April CPI and PPI data. CPI rose 1.8% year-on-year. less than the 2.0% expected and PPI fell 2.0%, more than the drop of 1.9% expected. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.45 a barrel, up 0.18%, after hiitning an overnight session low of $99.88 a barrel and a high of $100.93 a barrel. The June contract settled up 1.28% at $100.77 a barrel on Wednesday.

Brent crude on the ICE futures exchange fell 9 cents, or 0.1%, to $108.04 a barrel.

Natural gas prices dropped on Wednesday after data revealed U.S. stockpiles rose more than expected last week. On the New York Mercantile Exchange, Natural gas futures for delivery in June traded at $4.606 per million British thermal units during U.S. trading, down 2.84%. The commodity hit session high of $4.755 and a low of $4.588. The June contract settled down 1.23% on Wednesday to end at $4.740 per million British thermal units.

Base metals prices largely ignored positive data out of China in Thursday’s LME premarket, holding in recent ranges and generally drifting lower. The copper price at $6,663 per tonne was up $8 on Wednesday’s close, while volumes have been soft – around 4,600 lots have changed hands so far. Stocks and cancelled warrants both fell a net 3,925 tonnes to 213,025 tonnes and 98,825 tonnes respectively. Nickel activity surged on news that Vale has suspended production at its 40,000-tonne-per-year Goro nickel processing plant and mine in New Caledonia, spiking to its highest since the week of February 27, 2012 at $19,786. It settled back at $19,443, still up $793 or around four percent. Around 7,400 lots have traded so far, outpacing the rest of the complex.. The aluminium price at $1,763 was $6 lower although stocks declined 9,700 tonnes to 5,321,900 tonnes, while cancelled warrants at 2,907,775 tonnes were down 9,500 tonnes. Tin at $23,125 was up $25 – there was no changes in stocks but cancellations climbed 275 tonnes to 3,780 tonnes. The lead price was unchanged at $2,080 after stocks and cancelled warrants both declined 125 tonnes to 193,475 tonnes and 20,625 tonnes respectively. Zinc at $2,028 was $2.50 lower; stocks fell 1,250 tonnes to 762,500 tonnes.

TRADING STRATEGY:

NATURALGAS-NYMEX has closed @ 4.585. If it breaks the level of 4.542, it can touch the level of 4.502 & 4.449 respectively. If it sustain above the level of 4.673, it can touch the level of 4.713, 4.765 respectively.

•SELL NATURALGAS-NYMEX BELOW 4.542 TGTS 4.502, 4.449 SL 4.597.
•BUY NATURALGAS-NYMEX ABOVE 4.673 TGTS 4.713, 4.765 SL 4.618.

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

8May

Comex Commodity Trading Signals and Market News – 08th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices posted a modest rebound in early Asia on Thursday with events in the Ukraine off the boil for now, but still closely watched. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,290.30 a troy ounce, up 0.11%, after hitting an overnight session low of $1,286.80 and off a high of $1,314.70.

Silver comex for July delivery was down 0.09% at $19.325 a troy ounce. Copper futures for July delivery were down 0.01% at $3.036 a pound.

Crude oil prices rose in Asia Thursday underpinned by a drop in U.S. stocks and ahead of China trade data expected to show weaker imports. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.83 a barrel, up 0.05%, after hitting an overnight session low of $99.62 a barrel and a high of $100.98 a barrel.

Brent crude on the ICE futures exchange rose $1.07, or 1%, to $108.13 a barrel on Wednesday.

Natural gas prices fell on Wednesday after investors locked in gains from a weather-fueled rally and sold the commodity for profits a day ahead of the U.S. weekly inventory report. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.746 per million British thermal units during U.S. trading, down 1.11%. The commodity hit session high of $4.825 and a low of $4.728. The June contract settled up 2.37% on Tuesday to end at $4.799 per million British thermal units.

Base metals prices were drifting sideways and lower in the LME premarket on Wednesday, with all bar nick rangebound in quiet conditions – just 5,700 lots of copper have changed hands on Select so far. The copper price slipped $38 from Tuesday’s close to $6,679 per tonne although stocks fell for the 11th consecutive day, down a net 8,475 tonnes at 216,950 tonnes. The nickel price continues to hold firm, peaking at $18,700 on supply concerns reflecting the Indonesian export ban. It was at $18,610, up $110. The aluminium price at $1,777 was down $7 although stocks declined 13,525 tonnes to 5,331,600 tonnes. Tin at $23,060 was $120 lower after inventories increased 170 tonnes to 9,705 tonnes.Lead was down $5 at $2,105 following a 225-tonne stock fall and Zinc slipped $4 to $2,049 – inventories fell 2,500 tonnes to 763,750 tonnes.

TRADING STRATEGY:

PLATINUM-COMEX has closed @ 1430.75. If it breaks the level of 1432, it can touch the level of 1425 & 1414 respectively. If it sustain above the level of 1443, it can touch the level of 1450, 1461 respectively.

1.SELL PLATINUM-COMEX BELOW 1432 TGTS 1425, 1414 SL 1448.
2.BUY PLATINUM-COMEX ABOVE 1443 TGTS 1450, 1461 SL 1427.

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