Daily Comex Report Daily Market Outlook LME Inventory Support _Resistance News Daily Candlestick - Venza Research
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Date : 04-JUN-2021
Daily Comex Report
Daily Market Outlook
LME Inventory
Support _Resistance
News
Daily Candlestick
Please refer to Disclaimer at the end of Report. www.venza.sg
DAILY COMEX COMMODITY REPORT
Date : 04-JUN-2021
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY UNIT PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1874.70 +1.30 +0.08% 21-AUG
COMEX SILVER USD/T OZ. 27.473 -0.004 -0.03% 21-JUL
COMEX COPPER USD/LB. 4.4482 -0.0208 -0.45% 21-JUL
PLATINUM USD/T OZ. 1154.20 -6.80 -0.59% 21-JUL
ENERGY COMMODITY FUTURES
COMMODITY UNIT PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL(WTI) USD/BBL. 69.03 +0.22 +0.32% 21-JUL
CRUDE OIL(BRENT) USD/BBL. 71.47 +0.13 +0.21% 21-AUG
NY. NATURAL GAS USD/MMBTU 3.079 +0.013 +0.42% 21-JUL
NY. HEATING OIL USD/GAL. 2.1083 +0.0038 +0.18% 21-JUL
LME WAREHOUSE STOCKS (INVENTORY)
METALS INVENTORY CHANGE (MT)
ALUMINIUM -23325
COPPER +2650
LEAD -2075
NICKEL -2814
ZINC -5525
Please refer to Disclaimer at the end of Report. www.venza.sg
DAILY COMEX COMMODITY REPORT
Date : 04-JUN-2021
DAILY SUPPORT & RESISTANCE
COMMODITY SUPPOR –2 SUPPORT-1 PIVOT POINT RESISTANCE-1 RESISTANCE-2
GOLD 1838.50 1855.90 1884.10 1901.50 1929.70
SILVER 26.366 26.922 27.646 28.202 28.926
WTI CRUDEOIL 67.59 68.20 68.80 69.41 70.01
NATURALGAS 2.996 3.018 3.054 3.076 3.112
COPPER 4.3133 4.3881 4.5043 4.5791 4.6953
INTERNATIONAL COMMODITY NEWS
Oil prices eased on Friday as concerns about the patchy roll-out of COVID-19 vaccinations around the
globe tempered optimism over recovering fuel demand.
Brent crude was down 13 cents, or 0.2%, at $71.18 a barrel , after falling 4 cents on Thursday following a
gain to the highest since May 2019. The contract is on track for a gain of over 2% this week. U.S. oil fell
10 cents, or 0.2%, to $68.71, having dropped 2 cents in the previous session, while heading for a gain of
nearly 4% this week.
Prices rose earlier this week as the Organization of the Petroleum Exporting Countries (OPEC) and its al-
lies in the grouping known as OPEC+ predicted demand will exceed supply in the second half of 2021.
OPEC+ agreed on Tuesday to continue with supply restraints through July, lifting prices
Meanwhile U.S. crude inventories dropped more than forecast last week although fuel stocks rose, sug-
gesting demand for end-products is not matching refinery output.
Gold was down on Friday morning in Asia, hovering near two-week lows and set to record its worst week
in three months. Positive U.S. employment data buoyed the dollar and bond yields, and investors re-
mained concerned about a potential pullback of stimulus measures.
Gold futures inched down 0.07% to $1,871.90, remaining below the $1,900 mark. The dollar, which usu-
ally moves inversely to gold, inched up on Friday and the benchmark 10-year U.S. Treasury yieldrose to
1.63%. Meanwhile, U.S. private employers increased hiring in May, with the ADP non-farm employment
change rising to 978,000. The decreasing number of COVID-19 cases allowed businesses to re-open and
boosted demand.
DAILY COMEX COMMODITY REPORT
Date : 04-JUN-2021
ECONOMIC CALENDAR
Please refer to Disclaimer at the end of Report. www.venza.sgDAILY COMEX COMMODITY REPORT
Date : 04-JUN-2021
GOLD COMEX—DAILY CANDLESTICK
CHART
TRADING STRATEGY :
BUY GOLD ABOVE 1875 TGT 1885 1895 SL BELOW 1865
SELL GOLD BELOW 1864 TGT 1854 1844 SL ABOVE 1874
Please refer to Disclaimer at the end of Report. www.venza.sgDAILY COMEX COMMODITY REPORT
Date : 04-JUN-2021
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