08-Feb Metals Update. For More Information Please visit or contact

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1 08-Feb-2019 For More Information Please visit or contact Please refer to disclaimer at the end of the report.

2 DAILY MARKET OUTLOOK PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD COMEX SILVER USD/T OZ. USD/T OZ FEB MAR-19 COMEX COPPER USD/LB MAR-19 PLATINUM USD/T OZ APR-19 ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) CRUDE OIL(BRENT) NY. NATURAL GAS NY. HEATING OIL USD/BBL. USD/BBL. USD/MMBTU USD/GAL MAR FEB FEB JAN-19

3 DAILY SUPPORT & RESISTANCE COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD SILVER WTI CRUDEOIL NATURALGAS COPPER LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LM WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE ( MT ) ALUMINIUM ALUMINIUM -375 COPPER COPPER -150 LEAD LEAD -25 ZINC ZINC -500 TIN TIN 0

4 INTERNATIONAL COMMODITY NEWS The delayed U.S.-China summit and weaker forecasts for Europe are playing into a slowing global growth narrative that could brighten gold bugs' hopes. Gold traded steady to higher on Thursday after NBC reported that a meeting between President Donald Trump and his Chinese counterpart Xi Jinping was "highly unlikely" before the March 1 deadline set by the U.S. for reaching a trade deal. U.S. stocks, a contrarian trade to gold, were also under pressure after the European Commission slashed its euro zone growth forecasts for this year and the next due to an expected slowdown in the largest countries of the bloc, partly on trade tensions. After Wall Street's strong run in January on easing trade fears, a dovish Federal Reserve and largely upbeat U.S. earnings the market has wobbled this month on disappointing forecasts from a number of U.S. companies. Russia's apparent disinclination to come further into OPEC's game and delays in the U.S.-China summit are frustrating oil bulls hopes of seeing U.S. crude above $55 per barrel. Crude prices tumbled more than 3% early in the day after Russian Energy Minister Alexander Novak poured cold water over Saudi Arabia's hopes, as reported by the Wall Street Journal, to lure Moscow and the group of 10 non-opec oil producers it leads into a formal pact with the Organization of the Petroleum Exporting Countries to better manage oil prices. Adding to the bearish sentiment, CNBC reported that a meeting between President Donald Trump and his Chinese counterpart Xi Jinping was "highly unlikely" before the March 1 deadline set by the U.S. for reaching a trade deal. Lower growth forecasts from the European Union also heightened fears of a global economic slowdown. The existing tariff schedule is likely to remain in place, however, news reports said. Oil markets were cautious early on Friday, held back by concerns over a global economic slowdown but supported by supply cuts led by producer club OPEC and U.S. sanctions against Venezuela. U.S. West Texas Intermediate (WTI) crude futures were at $52.61 per barrel at 0046 GMT, down 3 cents from their last settlement. WTI dropped by around 2.5 percent the previous session. International Brent crude oil futures had yet to trade. Weighing on financial markets, including crude oil futures, were concerns that trade disputes between the United States and China would remain unresolved, denting global economic growth prospects. U.S. President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.

5 EPIC DAILY TOP PICKS GOLD COMEX -DAILY CANDLESTICK CHART TRADING STRATEGY : BUY GOLD ABOVE 1315 TGT SL BELOW 1305 SELL GOLD BELOW 1305 TGT SL ABOVE 1315

6 TODAY'S ECONOMIC EVENTS DISCLAIMER

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