daily comex research report by epic research for 05 august 2014

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Page 1: Daily comex research report by epic research for 05 august 2014

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.CO CALL: +917316642300

DAILY COMEX COMMODITY REPORT

5th AUGUST-2014

Page 2: Daily comex research report by epic research for 05 august 2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1289.90 1.00 0.01 AUG-14

COMEX SILVER USD/T OZ. 20.21 -0.02 -0.10% SEP-14

COMEX COPPER USD/LB. 3.2400 -0.0090 -0.26 SEP-14

PALTINUM USD/T OZ. 1466.25 1.30 0.09 N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 98.38 0.09 -0.09% AUG-14

CRUDE OIL(BRENT) USD/BBL. 105.56 -0.01 -0.01% AUG-14

NY. NATURAL GAS USD/MMBTU -0.004 -0.004 -0.12% AUG-14

NY. HEATING OIL USD/GAL. 2.87 0.00 -0.04% AUG-14

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY MARKET OUTLOOK

5th AUGUST-2014

Page 3: Daily comex research report by epic research for 05 august 2014

COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2

GOLD(AUG-14) 1289.37 1289.37 1289.87 1280.14 1290.37

SILVER(SEP-14) 20.21 20.21 20.21 20.22 20.22

WTICRUDEOIL(AUG-14) 98.32 98.35 98.41 98.44 98.50

NATURALGAS(AUG-14) 3.836 3.837 3.840 3.842 9.843

COPPER(SEP-14) 3.2360 3.2370 3.8400 9.8400 9.8420

LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY)

METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT)

ALUMINIUM 1857.00 -9.50 -0.51% ALUMINIUM -7400

COPPER 6936.50 46.00 0.67% COPPER -25

LEAD 2140.50 1.00 0.05% LEAD 100

ZINC 2180.00 10.50 0.48% ZINC -200

NICKEL 18625.00 345.00 1.89% NICKEL -84

TIN 22425.00 -175.00 -0.77% TIN UNCH

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY SUPPORT & RESISTANCE

5th AUGUST-2014

Page 4: Daily comex research report by epic research for 05 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

INTERNATIONAL COMMODITY NEWS

5th AUGUST-2014

• Gold futures edged up on Friday, but still remained within close distance of six-week lows as Thursday's data showing that U.S.unemployment benefits remained near a post-recession bottom last week continued to weigh. On the Comex division of the New YorkMercantile Exchange,gold for December delivery traded at $1,285.40 a troy ounce during European morning trade, adding 0.20%.TheDecember contract settled 1.09% lower on Thursday to end at $1,282.8 a troy ounce. Gold futures were likely to find support at$1,276.20 an ounce, the low from June 19 and resistance at $1,298.80, Thursday's high. On Thursday, the U.S. Department of Laborsaid that the number of individuals filing for initial jobless benefits increased by 23,000 last week to 302,000 from the previous week’stotal of 279,000, which was the lowest in 14 years.

• Crude oil futures dropped to five-month lows on Friday, as Thursday's downbeat manufacturing data from Chicago coupled with tepidmanifacturing reports from China weighed on the commodity, while markets eyed upcoming U.S. data On the New York MercantileExchange, U.S. crude oil for delivery in September traded at $97.36 a barrel during European afternoon trade, down 0.83%.Pricestumbled 1.02% on Thursday to settle at $102.07. utures were likely to find support at $96.26 a barrel and resistance at $99.85,Thursday's high.Oil prices came under pressure after Market research group Kingsbury International on Thursday said that its Chicagopurchasing managers’ index fell by 10.0 points to 52.6 in July from a reading of 62.6 in June. Analysts had expected the index to declineto 63.0 in July.

• .Oil prices dropped on Friday after Chinese manufacturing and U.S. employment gauges missed expectations and fueled concerns overthestrength of global economic recovery. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery inSeptember traded down 0.69% at $97.49 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.10 a barreland a high of $98.09 a barrel.The September contract settled down 2.09% at $98.17 a barrel on Thursday.Nymex oil futures were likelyto find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, Monday's high.

• Natural gas futures fell on Friday after investors locked in gains stemming from Thursday's bullish supply report and sold the commodityfor profits. .On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.802 per million Britishthermal units during U.S. trading, down 1.03%. The commodity hit a session low of $3.782, and a high of $3.875. The Septembercontract settled up 1.45% on Thursday to end at $3.841 per million British thermal units.Natural gas futures were likely to find support at$3.725 per million British thermal units, Monday's low, and resistance at $3.890, Thursday's high.The U.S. Energy Information

Page 5: Daily comex research report by epic research for 05 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

EPIC DAILY TOP PICKS

5th AUGUST-2014

GOLD COMEX -DAILY CANDLESTICK CHART

TRADING STRATEGY :

BUY GOLD COMEX ABOVE 1298 TG 1304,1314 SL 1288

SELL GOLD COMEX BELOW 1279 TG 1273,1263 SL 1289

Page 6: Daily comex research report by epic research for 05 august 2014

YOUR MINTVISORY WWW.EPICRESEARCH.CO CALL: +917316642300

TODAY'S ECONOMIC EVENTS

5th AUGUST-2014

Page 7: Daily comex research report by epic research for 05 august 2014

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Research Analyst : Nilesh Jain

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DISCLAIMER

5th AUGUST-2014