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Epic Research Malaysia Daily Comex Report 30Nov2018

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Epic Research Malaysia Daily Comex Report 30Nov2018

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  1. DAILY COMEX COMMODITY REPORT DAILY COMEX COMMODITY REPORT  Daily markrt outlook  LME Inventory & Support –Resistance  Daily market outlook News & Daily Candlestick   LME Inventory  Support _Resistance  News  Daily Candlestick EPIC RESEARCH SINGAPORE

  2. DAILY COMEX COMMODITY REPORT Date– 09 - Mar DAILY COMEX COMMODITY REPORT Date– 30 Nov PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNIT PRICE CHANGE % CHANGE CONTRACT USD/T OZ. COMEX GOLD 1233.10 3.30 0.28 DEC-18 USD/T OZ. COMEX SILVER 14.420 -0.035 -0.24 DEC-18 USD/LB. COMEX COPPER 2.787 -0.026 -0.94 DEC-18 USD/T OZ. PLATINUM 822.50 -3.70 -0.45 JAN-18 ENERGY COMMODITY FUTURE COMMODITY UNIT PRICE CHANGE % CHANGE CONTRACT USD/BBL. CRUDE OIL(WTI) 51.38 1.08 2.15 JAN-19 USD/BBL. CRUDE OIL(BRENT) 59.80 0.72 1.22 DEC-18 USD/MMBTU NY. NATURAL GAS 4.535 -0.164 -3.49 DEC-18 USD/GAL. NY. HEATING OIL 1.8344 -0.008 -0.03 DEC-18 LME WAREHOUSE STOCK(INVENTORY) METALS INVENTORY CHANGE (MT) ALUMINIUM -2600 COPPER -1075 LEAD -450 ZINC -1050 TIN NA www.epicresearch.sg www.epicresearch.my DAILY COMEX COMMODITY REPORT BY EPIC RESEARCH SINGAPORE Iforex Market Insight By Epic Research Malaysia

  3. DAILY COMEX COMMODITY REPORT Date– 30 Nov DAILY SUPPORT & RESISTANCE COMMODITY SUPPORT –2 SUPPORT-1 PIVOT POINT RESISTANCE-1 RESISTANCE-2 GOLD 1209.80 1219.80 1226.80 1236.80 1243.80 SILVER 14.096 14.276 14.30 14.561 14.668 WTI CRUDEOIL 48.47 49.38 50.97 51.88 5347 NATURALGAS 3.954 4.334 4.570 4.950 5.186 COPPER 2.706 2.760 2.790 2.844 2.874 INTERNATIONAL COMMODITY NEWS  Gold edged higher for the second consecutive session on Thursday and is currently placed at the top end of its weekly trading range, around the $1227-28 region. The Fed Chair Jerome Powell's comments that rates are just below the neu- tral level now triggered a broad-basedUS Dollar weakness and prompted some short-covering trade around the dollar- denominated commodity.  Global temperatures are on course for a 3-5 degrees Celsius (5.4-9.0 degrees Fahrenheit) rise this century, far over- shooting a global target of limiting the increase to 2C (3.6F) or less, the U.N. World Meteorological Organization said on Thursday. “Greenhouse gas concentrations are once again at record levels and if the current trend continues we may see temperature increases 3-5 degrees C by the end of the century," Secretary-General Petteri Taalas said in the WMO's annual statement on the state of the climate.  Oil prices erased an earlier decline that took U.S. crude below $50 for the first time in more than a year and jumped on reports that Russia recognized the need for major producers to cut production. New York-traded West Texas Interme- diate crude futures rose 98 cents, or 1.98%, at $51.27 a barrel by 9:35 AM ET (14:35 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded up 71 cents, or 1.20%, to $59.80. ECONOMY NEWS  U.S. stocks opened lower on Thursday as investors took a cautious stance in the run up to U.S.-China trade talks at the upcoming G20 Summit after President Donald Trump said there was "a long way to go" on tariffs with Beijing. The Dow Jones Industrial Average (DJI) fell 22.78 points, or 0.09 percent, at the open to 25,343.65. The S&P 500 (SPX) opened lower by 6.82 points, or 0.25 percent, at 2,736.97. The Nasdaq Composite (IXIC) dropped 24.22 points, or 0.33 percent, to 7,267.37 at the opening bell.  The euro zone bank sector is prepared for a hard Brexit and the Bank of England is right to warn of a deep recession if Britain leaves the bloc without a deal, European Central Bank Vice President Luis de Guindos said on Thursday. The BoE said on Wednesday that the British economy could shrink by as much as 8 percent in about a year in case of a no-deal Brexit, adding to pressure on lawmakers to drop their opposition to the Brexit agreement that Prime Minister Theresa May struck.  China is hoping for "positive results" in resolving a trade dispute with the United States at a G20 summit in Argentina, the commerce ministry said on Thursday, ahead of a closely watched meeting of Chinese and U.S. leaders. U.S. Presi- dent Donald Trump and Chinese President Xi Jinping are due to hold trade discussions on the sidelines of the G20 sum- mit in Buenos Aires on Saturday. www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. DAILY COMEX COMMODITY REPORT DAILY COMEX COMMODITY REPORT Date– 30 Nov ECONOMIC CALENDAR ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Friday, November 30, 2018 02:00 GBP Nationwide HPI (MoM) (Nov) 0.1% 0.0% 02:00 GBP Nationwide HPI (YoY) (Nov) 1.7% 1.6% 03:00 CHF KOF Leading Indicators (Nov) 99.5 100.1 05:00 EUR Core CPI (YoY) 1.1% 1.1% 05:00 EUR CPI (YoY) (Nov) 2.0% 2.2% 05:00 EUR ECB's Mersch Speaks 05:00 EUR Unemployment Rate (Oct) 8.0% 8.1% 07:00 INR GDP Quarterly (YoY) (Q2) 7.4% 8.2% 09:00 USD FOMC Member Williams Speaks 09:45 USD Chicago PMI (Nov) 58.0 58.4 13:00 USD U.S. Baker Hughes Oil Rig Count 885 13:00 USD U.S. Baker Hughes Total Rig Count 1,079 15:30 GBP CFTC GBP speculative net positions -43.5K 15:30 USD CFTC Crude Oil speculative net positions 367.2K 15:30 USD CFTC Gold speculative net positions 8.9K 15:30 USD CFTC S&P 500 speculative net positions 224.3K 15:30 AUD CFTC AUD speculative net positions -59.2K 15:30 JPY CFTC JPY speculative net positions -100.1K 15:30 EUR CFTC EUR speculative net positions -47.2K www.epicresearch.my Iforex Market Insight By Epic Research Malaysia www.epicresearch.sg

  5. DAILY COMEX COMMODITY REPORT DAILY COMEX COMMODITY REPORT Date– 30 Nov GOLD COMEX -DAILY CANDLESTICK CHART TRADING STRATEGY : BUY GOLD ABOVE 1230 TGT 1235 1245 SL BELOW 1220 SELL GOLD BELOW 1220 TGT 1215 1205 SL ABOVE 1230 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  6. 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.

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