You are on page 1of 6

DAILYCOMEX

DAILY COMEXCOMMODITY
COMMODITYREPORT
REPORT

 Daily markrt outlook


 LME Inventory & Support –Resistance
 Daily market outlook
 News & Daily Candlestick
 LME Inventory

 Support _Resistance

 News

 Daily Candlestick

EPIC RESEARCH SINGAPORE


DAILY COMEX COMMODITY
Date–REPORT
DAILY COMEX COMMODITY REPORT
09 - Mar

Date– 15 Feb

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNIT PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1314.90 1.00 0.08 FEB-19

COMEX SILVER USD/T OZ. 15.543 0.015 0.10 MAR-19

COMEX COPPER USD/LB. 2.766 -0.005 -0.18 MAR-19

PLATINUM USD/T OZ. 786.00 -3.15 -0.40 APR-19

ENERGY COMMODITY FUTURE


COMMODITY UNIT PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 54.65 0.24 0.42 MAR-19

CRUDE OIL(BRENT) USD/BBL. 64.77 0.14 0.22 FEB-19

NY. NATURAL GAS USD/MMBTU 2.571 0.004 0.16 FEB-19

NY. HEATING OIL USD/GAL. 1.9234 0.0095 0.50 JAN-19

LME WAREHOUSE STOCK(INVENTORY)

METALS INVENTORY CHANGE (MT)


ALUMINIUM -7375

COPPER -2375

LEAD -50

ZINC -3525

TIN 0

DAILY COMEX
Iforex Market Insight
COMMODITY
By EpicREPORT
Research
BYMalaysia
EPIC RESEARCH SINGAPORE www.epicresearch.sg
www.epicresearch.my
DAILY COMEX COMMODITY REPORT
Date– 15 Feb

DAILY SUPPORT & RESISTANCE

COMMODITY SUPPORT –2 SUPPORT-1 PIVOT POINT RESISTANCE-1 RESISTANCE-2

GOLD 1300.42 1307.69 1312.52 1319.79 1324.62

SILVER 15.371 15.476 15.562 15.667 15.753

WTI CRUDEOIL 52.56 53.57 54.13 55.14 55.70

NATURALGAS 2.538 2.5552 2.584 2.601 2.630

COPPER 2.728 2.750 2.776 2.7980 2.824

INTERNATIONAL COMMODITY NEWS


 Gold bugs may get a surprise break from U.S. economic weakening, but more data is needed to verify that. The spot
price of bullion was barely changed while futures of gold rose on Wednesday as the dollar slid after U.S. retail sales
tumbled 1.2% in December, the Commerce Department reported. Economists had forecast a gain of 0.1% for the pe-
riod. Spot gold, reflective of trades in physical bullion, slid by 0.5 cent to $1,315.05 per ounce by 1:19 PM ET (18:19
GMT).

 The Tennessee Valley Authority voted on Thursday to close two aging coal-fired power plants, including one supplied
by a company led by a major supporter of President Donald Trump, who had urged the U.S.-owned utility to keep it
open. "It is not about coal. This decision is about economics," said President and Chief Executive Bill Johnson, who is
retiring from the TVA.

 Oil prices rallied on Friday, with Brent crude futures hitting fresh 2019 highs amid U.S. sanctions against Venezuela and
Iran and supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). Brent pushed above $65 per
barrel for the first time in 2019, before edging back to $64.91 a barrel by 0143 GMT. That was still 0.5 percent above
the last close.

ECONOMY NEWS
 There is a one-in-four chance of a U.S. recession in the next 12 months, a scenario that should keep the Federal Re-
serve from raising interest rates next month, according to a Reuters poll of economists who now expect only one rate
hike this year. Given a global economic slowdown and a dimming outlook for U.S. growth, economists said the Fed's
tightening cycle will likely draw to a halt before July.

 U.S. fund investors added another $18.7 billion to money market funds during the latest week, likely putting the low-
risk funds on track for a third straight quarter of positive demand, Lipper data showed. Money market funds based in
the United States have taken in nearly $29 billion so far in 2019 after pulling in nearly $209 billion during the last half of
2018, Lipper said. The research service's latest data covered the seven days through Feb. 13

 In January, the Federal Reserve delivered what investors took as a kind of love letter, a rate-hike pause that sent stock
markets soaring. On Valentine's Day, U.S. central bankers offered tender missives of a different sort. "Roses are red,
Blah blah blah blah," Minneapolis Federal Reserve Bank President Neel Kashkari, one of the Fed's most ardent doves,
tweeted early on Thursday. "Blah blah blah blah blah, There's still slack in the labor market." The Chicago Fed went for
a more Shakespearean style, tweeting, "To raise, or not to raise? That is the question.".

Iforex Market Insight By Epic Research Malaysia www.epicresearch.my


DAILYCOMEX
DAILY COMEXCOMMODITY
COMMODITYREPORT
REPORT
Date– 15 Feb

ECONOMIC CALENDAR
Time Cur. Event Forecast Previous

Friday, February 15, 2019

04:30 GBP Core Retail Sales (YoY) (Jan) 3.0% 2.6%

04:30 GBP Core Retail Sales (MoM) (Jan) 0.2% -1.3%

04:30 GBP Retail Sales (YoY) (Jan) 3.4% 3.0%

04:30 GBP Retail Sales (MoM) (Jan) 0.2% -0.9%

08:00 EUR ECB's Coeure Speaks

08:30 USD Core Retail Sales (MoM) (Dec) 0.1% 0.2%

08:30 USD Export Price Index (MoM) (Jan) -0.1% -0.6%

08:30 USD Import Price Index (MoM) (Jan) -0.1% -1.0%

08:30 USD NY Empire State Manufacturing Index (Feb) 7.10 3.90

08:30 USD Retail Sales (MoM) (Dec) 0.2% 0.2%

09:15 USD Industrial Production (MoM) (Jan) 0.1% 0.3%

09:55 USD FOMC Member Bostic Speaks

09:55 USD FOMC Member Mester Speaks

10:00 USD Michigan Consumer Expectations (Feb) 84.5 79.9

Iforex Market Insight By Epic Research Malaysia www.epicresearch.my


www.epicresearch.sg
DAILY
DAILY COMEX
COMEX COMMODITY
COMMODITY REPORT
REPORT
Date– 15 Feb

GOLD COMEX -DAILY CANDLESTICK CHART

TRADING STRATEGY :
BUY GOLD ABOVE 1316 TGT 1321 1331 SL BELOW 1306
SELL GOLD BELOW 1306 TGT 1301 1291 SL ABOVE 1316

Iforex Market Insight By Epic Research Malaysia www.epicresearch.my


EPIC RESEARCH MALAYSIA

The information and views in this report, our website & all the service we provide are believed to be reliable,
but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to
choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained
herein is based on analysis and up on sources that we consider reliable.This material is for personal informa-
tion and based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The report
does not provide individually tailor-made investment advice. Epic research recommends that investors inde-
pendently evaluate particular investments and strategies, and encourages investors to seek the advice of a
financial adviser. Epic research shall not be responsible for any transaction conducted based on the informa-
tion given in this report, which is in violation of rules and regulations .

The share price projections shown are not necessarily indicative of future price performance. The informa-
tion herein, together with all estimates and forecasts, can change without notice. Analyst or any person re-
lated to epic research might be holding positions in the stocks recommended. It is understood that anyone
who is browsing through the site has done so at his free will and does not read any views expressed as a rec-
ommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and
reading of the information is the acceptance of this disclaimer.All Rights Reserved. Investment in equity &
bullion market has its own risks.

You might also like