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THE EQUICOM THE EQUICOM THE EQUICOM THE EQUICOM

A Global Research Global Research Global Research Global Research Center Center Center Center
www.TheEquicom.com
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TABLE OF CONTENTS


OVERVIEW ON COMEX : Page No.3


PRODUCTS OF COMEX : Page No. 4 to 8


TECHNICAL VIEW: Page No. 9 to 13


CONCLUSION : Page No. 14





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OVERVIEW ON COMEX :
As the world's leading and most diverse derivatives marketplace, CME Group is where the
world comes to manage risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including futures and options based on
interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals,
weather and real estate. CME Group brings buyers and sellers together through the CME
Globex electronic trading platform and trading facilities in New York and Chicago.



CME Group also operates CME Clearing, one of the largest central counterparty clearing
services in the world, which provides clearing and settlement services for exchange-traded
contracts, as well as for over-the-counter derivatives transactions through CME Clear Port.




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PRODUCTS OF COMEX
GOLD:


Gold is traded in dollars and cents per ounce. For example, when gold is trading at $600 per
ounce, the contract has a value of $60,000 (600 x 100 ounces). A trader that is long at 600 and
sells at 610 will make $1,000 (610 600 = $10 profit, 10 x 100 ounces = $1,000). Conversely, a
trader who is long at 600 and sells at 590 will lose $1,000.
The minimum price movement or tick size is 10 cents. The market may have a wide range, but
it must move in increments of at least 10 cents.
Both the eCBOT and COMEX specify delivery to New York area vaults. These vaults are
subject to change by the exchange.





The most active months traded (according to volume and open interest) are February, April,
June, August, October and December.
To maintain an orderly market, the exchanges will set position limits. A position limit is the
maximum number of contracts a single participant can hold. There are different position
limits for hedgers and speculators.


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SILVER:

Silver is traded in dollars and cents per ounce like gold. For example, if silver is trading at $10
per ounce, the "big" contract has a value of $50,000 (5,000 ounces x $10 per ounce), while the
mini would be $10,000 (1,000 ounces x $10 per ounce).
The tick size is $0.001 per ounce, which equates to $5 per big contract and $1 for the mini
contract. The market may not trade in a smaller increment, but it can trade larger multiples,
like pennies.
Like gold, the delivery requirements for both exchanges specify vaults in the New York area.




The upbeat U.S. data also fuelled concerns that the deepening recovery could
The most active months for delivery (according to volume and open interests) are March,
May, July, September and December.
Silver, like gold, also has position limits set by the exchanges.





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COPPER:


Copper contract equals the equivalent of 25,000 pounds multiplied by hypothetical price.
Commodities are traded based on margin, and the margin changes based on market volatility
and the current face value of the contract. To trade a copper contract on NYMEX requires a
margin of $7,763, which is approximately 8% of the face value.





Because commodity contracts are customized, every price movement has its own distinct
value. In a copper contract, a .0005 cent move is equal to $12.50, and a .01 cent move equal
$250. When determining copper profit and loss figures, you calculate the difference between
the contract price and the exit price, and then multiply the result by $12.50.
The futures contract for copper is traded at the New York Mercantile Exchange (NYMEX)
through its Commodity Exchange (COMEX) division and London Metal Exchange (LME).






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CRUDEOIL:


Depending on the quoted price, the value of a commodities contract is based on the current
price of the market multiplied by the actual value of the contract itself. In this instance, the
crude oil contract equals the equivalent of 1,000 barrels multiplied by our hypothetical price
of $105.52, as in:
$105.52 x 1,000 barrels = $105,520





Commodities are traded based on margin, and the margin changes based on market volatility
and the current face value of the contract. To trade a crude oil contract on the New York
Mercantile Exchange(NYMEX) a trader may be required to maintain a margin of $8,775, which
is approximately 8% of the face value. The margin amount will change in different market
conditions, but the amount of leverage provided by the futures markets makes it attractive
for investors looking to gain exposure to oil prices.
Futures contracts for crude oil are traded at the New York Mercantile
Exchange(NYMEX), Intercontinental Exchange (ICE), Dubai Mercantile Exchange (DME), Multi
Commodity Exchange (MCX), India's National Commodity and Derivatives Exchange (NCDEX)
and the Tokyo Commodity Exchange (TOCOM).




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NATURAL GAS:


Natural gas has its own ticker symbol, contract value and margin requirements. To
successfully trade a commodity, you must be aware of these key components and understand
how to use them to calculate your potential profits and loss.
Depending on the quoted price, the value of a commodities contract is based on the current
price of the market multiplied by the actual value of the contract itself. In this instance, the
natural gas contract equals the equivalent of 10,000 mmBtu ounces multiplied by our
hypothetical price of 10.946, as in:
$10.946 x 10,000 mmBtu = $109,460






Commodities are traded based on margin, and the margin changes based on market volatility
and the current face value of the contract. To trade a natural gas contract on NYMEX requires
a margin of $8,438, which is approximately 8% of the face value.
The futures contract for natural gas is traded at the New York Mercantile Exchange(NYMEX,
U.S. Futures Exchange (USFE), Intercontinental Exchange (ICE) and Multi Commodity
Exchange (MCX).


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TECHNICAL CHART























RESISTANCE
1235.00
1250.00
SUPPORT
1205.00
1185.00
SELL ON HIGH


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RESISTANCE
18.000
18.500
SUPPORT
17.200
16.700
SELL ON HIGH


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RESISTANCE
95.00
96.00
SUPPORT
91.50
90.00
BUY ON DIPS


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RESISTANCE
3.070
3.120
SUPPORT
3.000
2.970
SELL ON HIGH


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RESISTANCE
4.060
4.100
SUPPORT
3.960
2.920
BUY ON DIPS


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CONCLUSION
This report is based on our preeminent research. We use different informative websites for necessary
information. Investors can enhance their knowledege on comex market with the help of this report.
Investors can see that this report showing how to trade in comex, how to calculate profit & losses in
particular commodities & required margin to trade in particular commodities. In this report we
including four technical charts of gold, silver, crudeoil & copper respectively. These charts showing
technical trends of particular commodities.we also giving strong support & resistance of commodities.

Gold is trading around 1217.50, for short term position trader our recommendation is take
sell position below 1208.00 for the target of 1190/1170.
Silver is trading around 17.610, for short term position trader our recommendation is take
sell position below 17.400 for the target of 17.000/16.650
Crudeoil is trading around 92.80, for short term position trader our recommendation is take
buy position above 94.00 for the target of 98/120.
Copper is trading around 3.024, for short term position trader our recommendation is take
sell position below 3.010 for the target of 2.970/2.920.
Natural gas is trading around 4.013, for short term position trader our recommendation is
take buy position above 4.050 for the target of 4.140/4.250.












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