The document provides a daily market outlook and analysis of precious metals, industrial metals, energy commodities, and international commodity news from September 4, 2017. It summarizes price changes for various commodities, including gold and silver increasing slightly. It also discusses factors impacting oil prices such as refinery shutdowns from Tropical Storm Harvey, and effects on fuel markets and shipping routes. Daily trading strategies are presented for gold.
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
Daily comex report of 04 september 2017 by epic research
1. 04-September-2017
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co
Please refer to disclaimer at the end of the report.
2. Metals Update
DAILY MARKET OUTLOOK
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1326.37 4.26 0.31 Aug-17
COMEX SILVER USD/T OZ. 17.625 0.145 0.83 SEP- 17
COMEX COPPER USD/LB. 3.116 0.018 0.56 SEP-17
PLATINUM USD/T OZ. 1004.35 5.85 0.59 OCT-17
ENERGY COMMODITY FUTURES
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL(WTI) USD/BBL. 47.13 -0.019 -0.21 Aug-17
CRUDE OIL(BRENT) USD/BBL. 52.76 -0.10 -0.19 SEP-17
NY. NATURAL GAS USD/MMBTU 3.07 0.029 0.95 AUG-17
NY. HEATING OIL USD/GAL. 1.7332 -0.0083 -0.48 AUG-17
4. Metals Update
INTERNATIONAL COMMODITY NEWS
Gold prices climbed to a one-year high on Friday, as data showing that the U.S. economy created less jobs than expected
this month sent the greenback broadly lower. Comex gold futures were up $7.57 or about 0.57% at $1,329.56 a troy ounce
by 08.50 a.m. ET (12:50 GMT), their highest since September 2016. The greenback weakened broadly after the U.S. Labor
Department said the economy added 156,000 jobs in August, disappointing expectations for an increase of 179,000. The
unemployment rate ticked up to 4.4% this month from 4.3% in July, confounding expectations for an unchanged reading.
The report also showed that average hourly earnings only rose 0.1% in August, compared to expectations for a 0.2% gain.
The weak data came after a string of mixed U.S. economic reports on Thursday had already dampened optimism over the
economy. It was also expected to lower chances of another rate hike by the Federal Reserve in December.
Oil prices turned lower on Thursday, reversing the previous session's sharp gains, as flooding caused by Tropical Storm
Harvey continued to paralyze U.S. refineries of the Gulf Coast. The U.S. West Texas Intermediate crude October contract was
at $46.73 a barrel by 06:30 a.m. ET (10:30 GMT), down 50 cents or around 1.06%. Elsewhere, Brent oil for October delivery
on the ICE Futures Exchange in London declined by 39 cents or 0.74%, to $52.47 a barrel. Record flooding in Texas caused by
hurricane Harvey, now downgraded to a tropical storm, that has paralyzed at least 4.4 million barrels per day of refining
capacity, according to company reports. The U.S. Department of the Interior's Bureau of Safety and Environmental
Enforcement reported that approximately 13.5% of oil production in the Gulf of Mexico was also shut in on Thursday.
Retail U.S. gasoline prices hit two-year highs and global shipping routes were scrambled as the nation's largest refiners
remained shut on Friday, even as Storm Harvey lost strength. Major fuel pipelines feeding the U.S. Northeast and Midwest
were either closed or severely curtailed, prompting shortages in some areas and dramatic spikes in wholesale prices. The
storm, which began as a hurricane a week ago, has roiled global fuel markets, and tankers carrying millions of barrels of fuel
have been rerouted to the Americas to avert shortages. European refining margins hit a two-year high amid the surge in
exports. Indeed, the effects of the storm will continue for several weeks, if not months, after Harvey hammered the Gulf
Coast for days and brought floods that buried Houston and the surrounding area in several feet of water.
7. Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial
advisory provider companies in the private sector.
DISCLAIMER
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 information 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 independently 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 information given in this report. The share price projections shown are not necessarily indicative of future price
performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related 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 ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of
the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity market has its own risks. We, however, do not
vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may
arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients
(Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with
anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
For India: Info@epicresearch.co Address: 411 Milinda Manor(Suites 409-425) 2 RNT Marg. Opp Central Mall Indore (M.P.) +91 -731- 6642300
For United States- HNI& NRI Sales Contact: 2117 Arbor Vista Dr. Charlotte (NC)-Cell: +1 704 249 23
For Australia- HNI & NRI Sales Contact: Mintara Road, Tarneit, Victoria, Post Code 3029 Cell: +61 422 063855
Singapore- www.epicresearch.sg Contact +65-3158-1402
Malaysia-www.epicresearch.myContact +60-3502-19047
Metals Update
Lovelesh
Sharma
Digitally signed by Lovelesh
Sharma
DN: cn=Lovelesh Sharma
c=IN o=Personal
Reason: I am the author of
this document
Location:
Date: 2017-09-01
21:37+05:30