Comex Signals

17Jul
gold-bars

Comex Commodity Trading Signals and Market News – 17 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold price eased slightly in Asia on Thursday with remarks by Federal Reserve Chairwoman Janet Yellen being digested for hints on the timing of higher rates. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,299.40 a troy ounce, down 0.03%, after hitting a session low of $1,294.10 and off a high of $1,304.30.

Silver for September delivery traded at $20.793 a troy ounce, up 0.09%. Copper futures for September delivery were flat at $3.214 a pound.

Crude oil prices held gains into Asia on Thursday after bullish U.S. stockpiles data bolstered views of solid demand. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $101.39 a barrel, up 0.18%, after hitting an overnight session low of $99.95 a barrel and a high of $101.39 a barrel.

Natural gas futures edged higher on Wednesday after investors priced in the impact below-normal temperatures making their way across the U.S. will have on demand and went long on expectations for seasonably warm temperatures to follow. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.131 per million British thermal units during U.S. trading, up 0.82%. The commodity hit a session high of $4.145 and a low of $4.087. The August contract settled down 1.21% on Tuesday to end at $4.097 per million British thermal units.

Base metals prices were largely unchanged in Wednesday morning’s LME premarket despite Chinese industrial production figures coming in above forecast.The copper price- just 4,200 lots have changed hands on Select so far. Stock movements were marginal, with inventories down 200 tonnes to 159,175 tonnes. the aluminium price was the most notable mover, peaking at a fresh 13-month high of $1,979 per tonne – it was last at $1,975, up $15 on the Tuesday’s close. Zinc hit $2,320 overnight but is currently sitting around $2,311, up $12. Stocks continue to fall, dropping another 750 tonnes to 657,725 tonnes, marking the 12th day of consecutive declines. Lead drifted from its earlier session high of $2,220 and was last at $2,212, still up $4. The tin price slipped $36 to $22,139 after a 275-tonnes stock increase to 11,810 tonnes. Nickel rose $44 to $19,369, continuing to take support from the long-running Indonesian ore export ban. It shrugged off a 96-tonne increase in stocks, which took LME inventories to fresh highs.

• The global Brent oil contract lost 0.2% to $105.85 a barrel, on the last day of trading for the expiring August contract.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.2125. If it breaks the level of 3.2065, it can touch the level of 3.1955 & 3.1800 respectively. If it sustain above the level of 3.2425, it can touch the level of 3.2535, 3.2685 respectively.

  • SELL COPPER-COMEX BELOW 3.2065 TGTS 3.1955, 3.1800 SL 3.2175.
  • BUY COPPER-COMEX ABOVE 3.2425 TGTS 3.2535, 3.2685 SL 3.2315.

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

16Jul
comex1

Comex Commodity Trading Signals and Market News – 16 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell further in Asia on Wednesday as investors reacted to remarks by Federal Reserve Chairwoman Janet Yellen that hinted rates could rise sooner if the economy ticks up faster than expected. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,295.10 a troy ounce, down 0.15%, after hitting an overnight session low of $1,293.10 and off a high of $1,314.50.

Silver for September delivery was down 0.63% at $20.758 a troy ounce. Copper futures for September delivery fell 0.08% to $3.248 a pound.

Crude oil prices rose in Asia on Wednesday as U.S. crude oil stocks fell sharply, according to industry data, showing solid demand. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $100.22 a barrel, up 0.26%, after hitting an vernight session low of $99.02 a barrel and a high of $101.20 a barrel.

Brent oil futures, the international benchmark, fell 0.9% to $106.02 a barrel on ICE Futures Europe to a three-month low on Tuesday.

Natural gas futures carried Monday’s losses into Tuesday after updated weather-forecasting models continued to call for below- normal temperatures sweeping in from Canada into the Midwest to trek east. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.112 per million British thermal units during U.S. trading, down 0.86%. The commodity hit a session high of $4.158 and a low of $4.098. The August contract settled up 0.02% on Monday to end at $4.147 per million British thermal units.

Base metals mostly continued their consolidation mode during Wednesday’s Asian trade despite latest Chinese GDP data performing above expectations. Copper last at $7,128 per tonne is just $2 lower from Tuesday, while Aluminium at $1,964 is $4 higher – it peaked $1,967.25 on Tuesday, which is the highest level since June 2013. Stocks fell 9,100 tonnes to 4,986,175 tonnes, holding around September 2012 lows, while cancelled warrants dipped 10,825 tonnes to 2,931,800 tonnes. Zinc closed at $2,299, a $48 loss but recovered some $13 overnight to the current $2,312 per tonne. . Both stocks and cancelled warrants were 1,500 tonnes lower at 658,475 tonnes and 60,575 tonnes respectively. Lead hardly moved at $2,207 while nickel dropped $10 to $19,315 after a 612-tonne inventory increase to 308,322 tonnes. Tin at $22,110 is down $65, with no change in stocks.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1479.745. If it breaks the level of 1478, it can touch the level of 1470 & 1458 respectively. If it sustain above the level of 1497, it can touch the level of 1505, 1517 respectively.

  • SELL PLATINUM-COMEX BELOW 1478 TGTS 1470, 1458 SL 1488.
  • BUY PLATINUM-COMEX ABOVE 1497 TGTS 1505, 1517 SL 1487.

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

15Jul
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Comex Commodity Trading Signals and Market News – 15 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Tuesday ahead of testimeony from the U.S. Federal Reserve chief to Congress and continued tension in the euro zone over Portugal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,308.70 a troy ounce, up 0.15%, after hitting an overnight session low of $1,304.10 and off a high of $1,340.70.

Silver for September delivery rose 0.23% at $20.962 a troy ounce. Copper futures for September delivery were down 0.02% at $3.253 a pound.

Crude prices held steady in Asia on Tuesday ahead of U.S. stockpile reports this week. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $100.93 a barrel, up 0.01%, after closing at $101.83 a barrel overnight.

Brent Oil on the ICE futures exchange in London gained 0.3% to $106.98 a barrel on Monday.

Natural gas futures edged lower on Monday after updated weather-forecasting models predicted below-normal temperatures to sweep in from Canada into the Midwest this week and trek east. On the New York Mercantile Exchange,natural gas futures for delivery in August traded at $4.130 per million British thermal units during U.S. trading, down 0.40%. The commodity hit a session high of $4.172 and a low of $4.096. The August contract settled down 0.63% on Friday to end at $4.146 per million British thermal units.

Base metals were mostly trading at the lower end of their recent ranges on Tuesday, as the market awaits a strong of key Chinese data releases out tomorrow. Copper finished at $7,120 per tonne on Monday and is now $33 lower at $7,096 per tonne. Inventories rose a net 925 tonnes to 159,400 tonnes, with incremental increases continuing in Busan. Stocks there rose another 950 tonnes, which traders attribute to its proximity to China Aluminium fell as well, declining to $1,934 from Monday’s $1,942 although inventories dropped 10,625 tonnes to 4,995,275 tonnes, falling below 5 million tonnes for the first time since September 2012. Zinc at $2,296 is down $11 and lead at $2,198 fell $15 overnight. Tin lost $13 to last done at $22,109, with stocks dropping 40 tonnes to 11,535 tonnes. Nickel was last at $19,236, down $114 after stocks rose 3,960 tonnes to 307,710 tonnes.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.2500. If it breaks the level of 3.2270, it can touch the level of 3.2150 & 3.2000 respectively. If it sustain above the level of 3.2605, it can touch the level of 3.2725, 3.2875 respectively.

  • SELL COPPER-COMEX BELOW 3.2270 TGTS 3.2150, 3.2000 SL 3.2390.
  • BUY COPPER-COMEX ABOVE 3.2605 TGTS 3.2725, 3.2875 SL 3.2485.

 

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

14Jul
comex1

Comex Commodity Trading Signals and Market News – 14 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures came off earlier highs and dipped into negative territory on Friday though the commodity remain stable on fears that financial woes at Portugal’s largest bank may signify the euro zone periphery may be facing financial troubles anew. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,337.00 a troy ounce during U.S. trading, down 0.16%, up from a session low of $1,334.90 and off a high of $1,340.30. The August contract settled up 1.13% at $1,339.20 on Thursday.

Silver for September delivery was down 0.19% at $21.468 a troy ounce, while copper futures for September delivery were up 0.07% at $3.269 a pound.

Crude futures dropped on Friday as investors continued to unwind positions that priced in conflict-related supply disruptions in Libya and Iraq that never materialized. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $101.00 a barrel during U.S. trading, down 1.88%. New York-traded oil futures hit a session low of $100.62 a barrel and a high of $102.92 a barrel. The August contract settled up 0.63% at $102.93 a barrel on Thursday.

Natural gas futures bounced back from six-month lows on Friday after bargain hunters snapped up nicely-priced positions in the commodity and reversed losses stemming from Thursday’s bearish supply report. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.138 per million British thermal units during U.S. trading, up 0.44%. The commodity hit a session high of $4.158 and a low of $4.107. The August contract settled down 1.20% on Thursday to end at $4.120 per million British thermal units.

Base metals were in consolidation mode in Friday’s LME premarket on a lack of impetus. Conditions were thin – fewer than 4,000 lots of copper have changed hands on Select so far. Copper was last at $7,141 per tonne, down $21 on Thursday’s close. Stocks were up 375 tonnes to 158,475 tonnes – again due to material arriving in Busan. Cancellations at the Korean port also climbed 850 tonnes to 2,375 tonnes. Aluminium was $5 higher at $1,930, with stocks 9,450 tonnes lower at 5,005,900 tonnes and cancelled warrants 1,425 tonnes higher at 2,949,250 tonnes. Tin was trading around two-week lows at $21,950 – stocks increased 30 tonnes to 11,575 tonnes. Nickel has been bumpy, reflecting political developments in Indonesia. It was last at $19,290, up $40, after stocks fell 60 tonnes to 307,350 tonnes although cancelled warrants dropped 2,646 tonnes to 104,352 tonnes. Lead at $2,196 was up $7 – stocks and cancelled warrants both down 225 tonnes at 213,375 tonnes and 11,375 tonnes respectively – while zinc at $2,285 was up $14 after stocks fell 1,050 tonnes to 660,800 tonnes and cancelled warrants jumped 4,950 tonnes to 62,850 tonnes.

• The ICE Futures Exchange in London, Brent oil futures for August delivery were down 1.82% and trading at US$106.701 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$5.70 a barrel.

TRADING STRATEGY :

SILVER-COMEX has closed @ 21.41. If it sustain above the level of 21.46, it can touch the level of 21.61 & 21.81 respectively. If it breaks the level of 21.13, it can touch the level of 20.98, 20.78 respectively.

  • BUY SILVER-COMEX ABOVE 21.46 TGTS 21.61, 21.81 SL 21.27.
  • SELL SILVER-COMEX BELOW 21.13 TGTS 20.98, 20.78 SL 21.32.

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

11Jul
comex1

Comex Commodity Trading Signals and Market News – 11 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Friday, retracing overnight gains made on concerns about southern European banks. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,337.40 a troy ounce, down 0.13%, after hitting an overnight session low of $1,325.40 and off a high of $1,346.10.

Silver for September delivery fell 0.07% at $21.493 a troy ounce. Copper futures for September delivery rose 0.09% at $3.273 a pound.

Crude oil prices fell in Asia on Friday on profit taking after mild gains in the U.S. session. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $102.76 barrel, down 0.17%,after hitting an overnight session low of $101.55 a barrel and a high of $103.00 a barrel.

Brent oil for August delivery on the ICE Futures Europe exchange gained 0.4% to $108.67 a barrel on Thursday, snapping an eight-day losing streak. It was the largest one-day dollar and percentage gain in three weeks.

Natural gas futures fell to six-month lows on Thursday after official data revealed U.S. stockpiles rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.118 per million British thermal units during U.S. trading, down 1.26%. The commodity hit a session high of $4.189 and a low of $4.117. The August contract settled down 0.81% on Wednesday to end at $4.170 per million British thermal units.

Base metals were mixed this Friday’s Asian trade, while a combination of factors affecting the market cause investors to adopt a wait-and-see approach. Copper is just $5 higher from Thursday’s kerb close at $7,167 per tonne. Warehouse stocks arrested a mini-run of increases – there was a net 975-tonne decline to 158,100 tonnes – with no metal warranted in Busan today. Aluminium remains flat at $1,925, while zinc gained $5 to $2,276, with stocks declining 675 tonnes to 661,850 tonnes, the lowest since December 2010 again. Lead is $3 lower at $2,186 with stocks unchanged for the fifth day in a row at 213,600 tonnes. Nickel is up $90 at $19,340, and Tin at $22,144 is up $119 from yesterday’s $22,050.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 102.84. If it sustain above the level of 103.22, it can touch the level of 103.72 & 104.42 respectively. If it breaks the level of 102.02, it can touch the level of 101.52, 100.82 respectively.

  • BUY CRUDEOIL-NYMEX ABOVE 103.22 TGTS 103.72, 104.42 SL 102.67.
  • SELL CRUDEOIL-NYMEX BELOW 102.02 TGTS 101.52, 100.82 SL 102.57.

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

10Jul
comex1

Comex Commodity Trading Signals and Market News – 10 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Thursday as the dollar lost ground on expectations for continued low rates in the U.S. even after the Federal Reserve ends its asset-purchase program. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,327.70 a troy ounce, up 0.26%, after hitting an overnight session low of $1,318.90 and off a high of $1,328.30.

Silver for September delivery was up 0.37% at $21.145 a troy ounce. Copper futures for September delivery were down 0.05% at $3.252 a pound.

Crude oil prices fell in Asia on Thursday as ample global supplies outweighed a sharper that expected drop in U.S. crude stocks. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $101.87 a barrel, down 0.42%, after hitting an overnight session low of $102.11 a barrel and a high of $103.59 a barrel.

Brent oil prices fell 66 cents to $108.28 a barrel on the ICE Futures Europe exchange.

Natural gas futures came off session lows in Wednesday trading as investors weighed below-normal temperatures across the eastern U.S. and uncertainty over Thursday’s weekly supply report. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.215 per million British thermal units during U.S. trading, up 0.26%. The commodity hit a session high of $4.229 and a low of $4.168. The August contract settled down 0.50% on Tuesday to end at $4.204 per million British thermal units.

• Fund activity helped to push metal prices higher during Tuesday morning pre-market sessions, with CTA buying propelling nickel, aluminium and zinc, while copper also resumed it’s increase. The copper price at $7,175 was up $19.50 on the previous day’s close, while stocks were down a net 1,300 tonnes to 158,050 tonnes and cancelled warrants fell 1,925 tonnes to 31,075 tonnes. The zinc price remains strong – it last traded at $2,279, an increase of $16 and the highest since August 2011 as it finds ongoing support from fund activity. The lead price at $2,198 was up $6 – although it had earlier peaked at $2,203 – stocks were unchanged again. Tin at $22,674 was down $1, as stocks were up 25 tonnes to 11,850 tonnes. Nickel prices continue to find support from the Indonesian export ban uncertainty. The Indonesian government is set to hold presidential elections tomorrow, which will have ramifications for the ban on ore exports. Last at $19,531 it was up $221 and stocks fell 114 tonnes to 305,280 tonnes.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1500.75. If it sustain above the level of 1510, it can touch the level of 1518 & 1529 respectively. If it breaks the level of 1493, it can touch the level of 1485, 1474 respectively.

  • BUY PLATINUM-COMEX ABOVE 1510 TGTS 1518, 1529 SL 1500.
  • SELL PLATINUM-COMEX BELOW 1493 TGTS 1485, 1474 SL 1503.

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

9Jul
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Comex Commodity Trading Signals and Market News – 09 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Wednesday as investors continued to see bargains ahead of U.S. Federal Reserve minutes. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1$,320.60 a troy ounce, up 0.31%, after hiting an overnight session low of $1,314.40 and off a high of $1,325.70.

Silver for September delivery was up 0.37% at $21.090 a troy ounce. Copper futures for September delivery were down 0.27% at $3.252 a pound.

Crude prices gained in Asia on Wedneday on bullish weekly industry data on U.S. stockpiles. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $103.46 a barrel, up 0.06%, aftr hitting an overnight session low of $103.02 a barrel and a high of $104.13 a barrel.

Brent oil crude on the ICE future exchange fell $1.30, or 1.2%, to settle at $108.94 a barrel on Tuesday.

Natural gas futures fell on Tuesday after updated weather-forecasting models called for a below-normal temperatures over portions of the eastern U.S., which could prompt households to throttle back on their air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.139 per million British thermal units during U.S. trading, down 2.05%. The commodity hit a session high of $4.233 and a low of $4.131. The August contract settled down 4.11% on Monday to end at $4.225 per million British thermal units.

• Fund activity helped to push metal prices higher during Tuesday morning pre-market sessions, with CTA buying propelling nickel, aluminium and zinc, while copper also resumed it’s increase. The copper price at $7,175 was up $19.50 on the previous day’s close, while stocks were down a net 1,300 tonnes to 158,050 tonnes and cancelled warrants fell 1,925 tonnes to 31,075 tonnes. The zinc price remains strong – it last traded at $2,279, an increase of $16 and the highest since August 2011 as it finds ongoing support from fund activity. The lead price at $2,198 was up $6 – although it had earlier peaked at $2,203 – stocks were unchanged again. Tin at $22,674 was down $1, as stocks were up 25 tonnes to 11,850 tonnes. Nickel prices continue to find support from the Indonesian export ban uncertainty. The Indonesian government is set to hold presidential elections tomorrow, which will have ramifications for the ban on ore exports. Last at $19,531 it was up $221 and stocks fell 114 tonnes to 305,280 tonnes.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.2590. If it breaks the level of 3.2480, it can touch the level of 3.2360 & 3.2190 respectively. If it sustain above the level of 3.2830, it can touch the level of 3.2950, 3.3120 respectively.

  • SELL COPPER-COMEX BELOW 3.2480 TGTS 3.2360, 3.2190 SL 3.2610.
  • BUY COPPER-COMEX ABOVE 3.2830 TGTS 3.2950, 3.3120 SL 3.2700.

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

8Jul
comex1

Comex Commodity Trading Signals and Market News – 08 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rebounded in Asia on Tuesday as bargain hunters snapped up the yellow metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,318.70 a troy ounce, up 0.13%, after hitting an overnight session low of $1,312.50 and off a high of $1,321.70.

Silver for September delivery rose 0.11% at $21.038 a troy ounce. Copper futures for September delivery were down 0.18% at $3.253 a pound.

Crude oil prices eased in Asia on Tuesday as the global supply situation looked ample with events in Libya and Iraq off the boil for now. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $103.42 a barrel, down 0.11%, after hitting an overnight session low of $103.21 a barrel and a high of $104.08 a barrel.

Brent oil on the ICE futures exchange fel 0.4%, to $110.24 a barrel on Monday, down for six-straight sessions in the longest losing streak since April 2013.

Natural gas futures fell on Monday on concerns that this week’s supply report will show soft demand for the commodity, while a reprieve from a heat wave also pressured prices lower. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.209 per million British thermal units during U.S. trading, down 3.63%. The commodity hit a session high of $4.355 and a low of $4.201. The August contract settled up 1.12% on Thursday to end at $4.406 per million British thermal units. Markets were closed on Friday for the U.S. Independence Day holiday.

Base metals trading was slow this Tuesday, with the complex mostly in sideways trading on thin volume in the absence of data drivers and cautious on event risks. Copper at $7,117 per tonne is $18 down from Monday’s close. Less than 1,000 contracts have changed hands so far and prices have slid to a low of $7,110 this morning. Aluminium at $1,919 is down $6; stocks declined 10,700 tonnes to 5,038,525 tonnes, the lowest since October 2012, while cancelled warrants fell 9,175 tonnes to 2,965,600 tonnes. Zinc , which had jumped to 33-month highs last week of $2,270.25, held below those levels – it concluded at $2,263 on Monday and is now $5 lower at $2,258 per tonne. Stocks fell 1,000 tonnes to 663,650 tonnes, the lowest since December 2010. Lead lost $8 to $2,185 with no changes in stocks. Nickel declined $70 to $19,251 while Tin at $22,645 is down $30; concerns are up over the upcoming presidential elections in Indonesia as traders are cautious over the possibility of change to the ore export ban, ANZ Banks said in its report.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 109.90. If it breaks the level of 109.46, it can touch the level of 108.96 & 108.26 respectively. If it sustain above the level of 111.27, it can touch the level of 111.77, 112.47 respectively.

  • SELL BRENTCRUDEOIL-NYMEX BELOW 109.46 TGTS 108.96, 108.26 SL 110.01.
  • BUY BRENTCRUDEOIL-NYMEX ABOVE 111.27 TGTS 111.77, 112.47 SL 110.72.

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

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