Epic Research is a leading financial advisory firm. We offer various financial services and a daily report on different segments of market. So that the traders and investors can get the overview of market's performance and updates.
Daily comex report of 03 august 2017 by epic research
1. 03-August-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. 1271.03 -1.57 -0.12 Aug-17
COMEX SILVER USD/T OZ. 16.698 -0.066 -0.39 SEP- 17
COMEX COPPER USD/LB. 2.884 0.003 0.10 SEP-17
PLATINUM USD/T OZ. 953.60 4.40 0.46 OCT-17
ENERGY COMMODITY FUTURES
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL(WTI) USD/BBL. 49.38 0.23 0.47 Aug-17
CRUDE OIL(BRENT) USD/BBL. 52.17 0.38 0.73 SEP-17
NY. NATURAL GAS USD/MMBTU 2.829 0.010 0.35 AUG-17
NY. HEATING OIL USD/GAL. 1.6502 0.0089 0.54 AUG-17
4. Metals Update
INTERNATIONAL COMMODITY NEWS
Gold prices edged lower on Wednesday, as a recent rally to seven-week highs started showing signs of fatigue.
Comex gold futures for August were at $1,262.93 a troy ounce by 8:50AM ET (1250GMT), down $9.50, or about 0.8%. It
touched its highest since June 14 at $1,273.30 in the prior session. Data released earlier showed that U.S. non-farm private
employment rose less than expected in July, but remained in territory consistent with a strengthening labor market. Non-
farm private employment rose by 178,000 last month, just below forecasts for an increase of 185,000, payroll processing
firm ADP said. The economy created 191,000 jobs in June, upwardly revised from a previously reported increase of 158,000.
The ADP figures come ahead of the U.S. Labor Department's more comprehensivenonfarm payrolls report on Friday, which
includes both public and private-sector employment. Gold futures rose Tuesday as lackluster economic data raised
questions about whether the Federal Reserve will follow through with another rate increase this year.
Oil prices fell to the lowest level of the session on Wednesday, after data from the U.S. Energy Information Administration
showed domestic crude supplies fell less than expected last week. The U.S. West Texas Intermediate crude September
contract was at $48.73 a barrel by 10:35AM ET (1435GMT), down 43 cents, or around 0.9%. Prices were at around $48.99
prior to the release of the inventory data Elsewhere, Brent oil for September delivery on the ICE Futures Exchange in
London dipped 44 cents to $51.34 a barrel. The U.S. Energy Information Administration said in its weekly report that crude
oil inventories fell by 1.5 million barrels in the week ended July 28. Market analysts' expected a crude-stock decline of
around 3.0 million barrels, while the American Petroleum Institute late Tuesday reported a supply-gain of 1.8 million
barrels. Supplies at Cushing, Oklahoma, the key delivery point for Nymex crude, decreased by39,000 barrels last week, the
EIA said.
U.S. natural gas futures held near the prior session's five-month low on Wednesday, as investors looked ahead to weekly
data from the U.S. on supplies in storage to gauge demand for the fuel. U.S. natural gas for September delivery was at
$2.813 per million British thermal units by 9:05AM ET (1305GMT), down 0.6 cents, or around 0.2%. It fell to its lowest since
March 2 $2.761 on Monday as updated weather forecasts predicted that below normal temperatures across the U.S. could
persist through the first half of August. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders
try to gauge the impact of shifting outlooks on summer cooling demand.
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: 2017-08-02 22:29+05:30