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29-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.
Metals Update
DAILY MARKET OUTLOOK
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ.
1288.60 0.80 0.06
Aug-17
COMEX SILVER USD/T OZ.
16.863 0.036 0.21
SEP- 17
COMEX COPPER USD/LB. 2.984 0.054 1.86 SEP-17
PLATINUM USD/T OZ.
923.70 -1.80 -0.19
OCT-17
ENERGY COMMODITY FUTURES
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL(WTI) USD/BBL.
51.37 -0.77 -1.48
Aug-17
CRUDE OIL(BRENT) USD/BBL.
56.87 -0.70 -1.22
SEP-17
NY. NATURAL GAS USD/MMBTU
3.013 -0.047 -1.54
AUG-17
NY. HEATING OIL USD/GAL.
1.8176 -0.0218 -1.18
AUG-17
Metals Update
DAILY SUPPORT & RESISTANCE
COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2
GOLD
1275.27 1281.54 1290.37 1296.64 1305.47
SILVER 16.633 16.691 16.753 16.811 16.873
WTI CRUDEOIL 2.894 2.903 2.910 2.919 2.926
NATURALGAS 2.881 2.927 2.958 3.004 3.035
COPPER 2.894 2.903 2.910 2.919 2.926
LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LM WAREHOUSE STOCKS (INVENTORY)
METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (
MT )
ALUMINIUM 125.70 -0.40 -0.32% ALUMINIUM -6525
COPPER 415.55 8.45 2.08% COPPER -3525
LEAD 125.95 1.80 1.45% LEAD 375
ZINC 169.6 1.70 1.23% ZINC -1600
TIN 564.00 -4.10 -0.72% TIN 0
Metals Update
INTERNATIONAL COMMODITY NEWS
 Gold prices were little changed near one-and-a-half month lows on Thursday, after the release of mixed U.S. economic
reports and as the greenback was still broadly supported. Comex gold futures were down $13.24 or about 1.04% at
$1,288.58 a troy ounce by 08:35 a.m. ET (12:35 GMT), their lowest since August 25. Data on Thursday showed that U.S.
economic growth in the second quarter was revised up more than expected. Separately, the U.S. Department of Labor said
initial jobless claims increased more than expected last week. The greenback had strengthened broadly following reports on
Wednesday that U.S. President Donald Trump proposed the biggest U.S. tax overhaul in three decades. The proposal still
faces an uphill battle in the U.S. Congress, with the Republican Party divided over it and Democrats hostile.
 Crude oil prices bounced higher on Thursday, erasing earlier losses, as traders remained globally optimistic regarding the
re-balancing of the market despite the release of mixed U.S. data. The U.S. West Texas Intermediate crude November
contract was at a five-month high of $52.61 a barrel, up 48 cents or about 0.86% by 09:00 a.m. ET (13:00 GMT).
Elsewhere, Brent oil for November delivery on the ICE Futures Exchange in London was up 44 cents or about 0.76% at
$58.00 a barrel, its highest since July 2015. Prices found support after the U.S. Energy Information Administration reported
on Wednesday that crude oil inventories fell by 1.8 million barrels, after posting hefty increases in each of the last three
weeks, as refiners raised output following Hurricane Harvey last month.
 U.S. natural gas futures shook off earlier weakness to trade higher on Thursday, after data showed that domestic supplies
in storage increased less than expected last week. U.S. natural gas for November delivery was at $3.070 per million British
thermal units by 10:43AM ET (1443GMT), up 0.9 cents, or around 0.3%. Futures were at around $3.035 prior to the release
of the supply data. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S.
rose by 58 billion cubic feet in the week ended Sept. 22, below forecasts for a build of 66 billion. That compared with a gain
of 97 billion cubic feet in the preceding week, a build of 49 billion a year earlier and a five-year average rise of 84 billion
cubic feet. Total natural gas in storage currently stands at 3.466 trillion cubic feet, according to the U.S. Energy Information
Administration, around 3.5% lower than levels at this time a year ago and mostly in line with the five-year average for this
time of year.
Metals Update
EPIC DAILY TOP PICKS
GOLD COMEX -DAILY CANDLESTICK CHART
TRADING STRATEGY :
BUY GOLD ABOVE 1290 TGT 1295 1305 SL BELOW 1280
SELL GOLD BELOW 1275 TGT 1270 1260 SL ABOVE 1285
Metals Update
TODAY'S ECONOMIC EVENTS DISCLAIMER
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
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Singapore- www.epicresearch.sg Contact +65-3158-1402
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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: 2017-09-28 22:32+05:30

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Daily comex report of 29 september 2017 by epic research

  • 1. 29-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. 1288.60 0.80 0.06 Aug-17 COMEX SILVER USD/T OZ. 16.863 0.036 0.21 SEP- 17 COMEX COPPER USD/LB. 2.984 0.054 1.86 SEP-17 PLATINUM USD/T OZ. 923.70 -1.80 -0.19 OCT-17 ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) USD/BBL. 51.37 -0.77 -1.48 Aug-17 CRUDE OIL(BRENT) USD/BBL. 56.87 -0.70 -1.22 SEP-17 NY. NATURAL GAS USD/MMBTU 3.013 -0.047 -1.54 AUG-17 NY. HEATING OIL USD/GAL. 1.8176 -0.0218 -1.18 AUG-17
  • 3. Metals Update DAILY SUPPORT & RESISTANCE COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD 1275.27 1281.54 1290.37 1296.64 1305.47 SILVER 16.633 16.691 16.753 16.811 16.873 WTI CRUDEOIL 2.894 2.903 2.910 2.919 2.926 NATURALGAS 2.881 2.927 2.958 3.004 3.035 COPPER 2.894 2.903 2.910 2.919 2.926 LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LM WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE ( MT ) ALUMINIUM 125.70 -0.40 -0.32% ALUMINIUM -6525 COPPER 415.55 8.45 2.08% COPPER -3525 LEAD 125.95 1.80 1.45% LEAD 375 ZINC 169.6 1.70 1.23% ZINC -1600 TIN 564.00 -4.10 -0.72% TIN 0
  • 4. Metals Update INTERNATIONAL COMMODITY NEWS  Gold prices were little changed near one-and-a-half month lows on Thursday, after the release of mixed U.S. economic reports and as the greenback was still broadly supported. Comex gold futures were down $13.24 or about 1.04% at $1,288.58 a troy ounce by 08:35 a.m. ET (12:35 GMT), their lowest since August 25. Data on Thursday showed that U.S. economic growth in the second quarter was revised up more than expected. Separately, the U.S. Department of Labor said initial jobless claims increased more than expected last week. The greenback had strengthened broadly following reports on Wednesday that U.S. President Donald Trump proposed the biggest U.S. tax overhaul in three decades. The proposal still faces an uphill battle in the U.S. Congress, with the Republican Party divided over it and Democrats hostile.  Crude oil prices bounced higher on Thursday, erasing earlier losses, as traders remained globally optimistic regarding the re-balancing of the market despite the release of mixed U.S. data. The U.S. West Texas Intermediate crude November contract was at a five-month high of $52.61 a barrel, up 48 cents or about 0.86% by 09:00 a.m. ET (13:00 GMT). Elsewhere, Brent oil for November delivery on the ICE Futures Exchange in London was up 44 cents or about 0.76% at $58.00 a barrel, its highest since July 2015. Prices found support after the U.S. Energy Information Administration reported on Wednesday that crude oil inventories fell by 1.8 million barrels, after posting hefty increases in each of the last three weeks, as refiners raised output following Hurricane Harvey last month.  U.S. natural gas futures shook off earlier weakness to trade higher on Thursday, after data showed that domestic supplies in storage increased less than expected last week. U.S. natural gas for November delivery was at $3.070 per million British thermal units by 10:43AM ET (1443GMT), up 0.9 cents, or around 0.3%. Futures were at around $3.035 prior to the release of the supply data. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 58 billion cubic feet in the week ended Sept. 22, below forecasts for a build of 66 billion. That compared with a gain of 97 billion cubic feet in the preceding week, a build of 49 billion a year earlier and a five-year average rise of 84 billion cubic feet. Total natural gas in storage currently stands at 3.466 trillion cubic feet, according to the U.S. Energy Information Administration, around 3.5% lower than levels at this time a year ago and mostly in line with the five-year average for this time of year.
  • 5. Metals Update EPIC DAILY TOP PICKS GOLD COMEX -DAILY CANDLESTICK CHART TRADING STRATEGY : BUY GOLD ABOVE 1290 TGT 1295 1305 SL BELOW 1280 SELL GOLD BELOW 1275 TGT 1270 1260 SL ABOVE 1285
  • 6. Metals Update TODAY'S ECONOMIC EVENTS DISCLAIMER
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