openPR Logo
Press release

Daily Comex Commodity Report of 23nd January 2018 by Epic Research

01-23-2018 02:38 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Epic Research

INTERNATIONAL COMMODITY NEWS

Gold prices pared losses and held steady on Monday, as traders continued to evaluate the consequences of the U.S. government shutdown on Friday. Comex gold futures were little changed at $1,332.90 a troy ounce by 08:35 a.m. ET (12:35 GMT). The U.S. government shutdown entered a third day after the Senate failed to reach a dealSunday night to fund government operations. But the Senate plans to vote at 12:00 p.m. ET Monday (17:00 GMT) on a temporary spending measure that will keep the government open through February 8. Lawmakers have been trying to reach a deal on immigration, which is viewed as crucial to breaking the deadlock. This is the first U.S. government shutdown since 2013. That year, the government was shut down for 16 days. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.22% at 90.29, not far from Friday's three-year low of 89.96.

Crude oil prices edged lower on Monday, despite support from recent comments by Saudi officials, as traders were still assessing U.S. production levels. The U.S. West Texas Intermediate crude March contract was down 9 cents or about 0.14% at $63.22 a barrel by 10:00 a.m. ET (14:00 GMT). Elsewhere, Brent oil for March delivery on the ICE Futures Exchange in London lost 8 cents or about 0.12% at $68.53 a barrel. Prices found support after Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC and non-OPEC oil producers have a consensus that they should continue cooperating on production after the end of 2018, when their current agreement on production cuts expires. Falih added that this might mean a new form of deal rather than continuing the same supply cuts that have boosted prices in recent months. The deal to cut oil output by 1.8 million barrels a day (bpd) was adopted last winter by OPEC, Russia and nine other global producers.

Natural gas futures edged higher to start the week on Monday, as market players monitored winter weather forecasts to gauge demand for the fuel. A weather system will track across the Midwest with areas of rain and snow through Jan. 27, but with only modest cooling, according to updated weather models. Meanwhile, in the East, conditions will be warm with highs of 40s and 50s over the Great Lakes and Northeast, with 60s and 70s over the South and Southeast. Looking further ahead, temperatures will fall to below seasonal levels across the East coast through the end of this months and into the first week of February. Natural gas prices typically rise during the winter months as colder weather sparks indoor-heating demand. The heating season from November through March is the peak demand period for U.S. gas consumption.

TRADING STRATEGY :

BUY GOLD ABOVE 1340 TGT 1345 1355 SL BELOW 1330
SELL GOLD BELOW 1330 TGT 1325 1315 SL ABOVE 1340

Epic Research Limited is a leading financial advisory services provider firm .We have designed services for different investors as per their needs like equity tips, comex tips, stock tips, commodity tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets.

Want to take a FREE TRIAL? Visit our site link below and become a part of our Epic family. Happy trading.

http://www.epicresearch.co/
or

mail us @ info@epicresearch.co

Also you can Whatsapp us at :7049084664

Our Office:411 Milinda Manor, 2 RNT Road, Indore 452001.

Epic Research Limited is a leading financial advisory services provider firm .We have designed services for different investors as per their needs like equity tips, comex tips, stock tips, commodity tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets.

411 Milinda Manor Indore

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Daily Comex Commodity Report of 23nd January 2018 by Epic Research here

News-ID: 911960 • Views:

More Releases from Epic Research

Epic Research Daily Agri Commodity Report Of 28 August 2018
Multi Commodity Exchange of India Ltd (MCX) has signed a Memorandum of Understanding (MoU) with Indian Cotton Federation (ICF).The MoU with MCXNSE 1.18 % will enable ICF’s members to effectively participate in the exchange’s knowledge-sharing initiatives to understand the benefits, techniques and strategies of risk management using cotton futures contracts. The agreement is further designed to facilitate potential collaboration in areas such as organising awareness events for cotton value chain
Epic Research Daily Agri Commodity Report Of 27 August 2018
Rapid heavy rain and floods in Coffee growing areas in Kerala have worsened the shortage of robusta beans, hitting hard exporters and local producers. The production of robusta, which accounts for majority of Coffee exports from the country and is the chief ingredient for instant Coffee, was last year 10-20% short of the Coffee Board’s projection of 2.21 lakh tonnes. The inclement weather is expected to pull down the crop
Epic Research Daily Agri Commodity Report Of 24 August 2018
The Directorate General of Foreign Trade (DGFT) has allowed import of yellow peas up to 125 tonnes, covering advance payment made early this year to sellers abroad. Importers traditionally make advance payment of up to 10 per cent of the value for contracts to be executed in the future. This got stuck with DGFT suspending all import of yellow peas without a Letter of Credit (LC), by an April 25
Epic Research Daily Agri Commodity Report Of 21 August 2018
India's Palm Oil imports are likely to fall 15% in 2017/18 from the year before to their lowest in six years, hit by a hike in import taxes, a weaker rupee and tighter credit for would-be buyers, industry sources said. Local prices moved up due to higher import tax and depreciation in the rupee. The price rise moderated demand for imports, the Solvent Extractors' Association of India (SEA) said. India

All 5 Releases


More Releases for Monday

Best Time to Book Cyber Monday Flights 2024
2 December 2024, Hounslow : This special occasion in the calendar is a great time to book flights to your dream destination and take advantage of amazing offers. There are several new tricks that smart travellers must use to get the best deals on flights. Airlines and travel firms offer the most competitive deals on online flight bookings. Major travel firms offer competitive online flight bookings that benefit travellers during
Get Cheap Cyber Monday Flight Deals
2 December 2024, Hounslow: Hey Travelers, Cyber Monday is approaching! TraveljunctionUS is excited to unveil cheap Cyber Monday flights. These sale offers are meant for travelers looking for cheap air travel, so it is an excellent chance to get cheap fares to various destinations. https://www.traveljunctionus.com/deals/cyber-monday-flights The company aims to make travel affordable for all travelers, and on Cyber Monday, we are providing deals to help you achieve your travel dreams. We
Best Cyber Monday Travel Deals on Top Destinations
2 December 2024, Hounslow : Click2bookUS is set to provide loyal customers and internet browsers with the best deals for incredibly affordable traveling. This festive season, we're focusing on providing Cyber Monday flight deals to travelers in 2024 due to huge discounts on flights, hotels, and travel packages. It is the best chance to plan your dream vacation and get the lowest rates you won't find at other times. With
Black Friday and Cyber Monday Sale at DiscountPetCare
Seven Hills, Australia - DiscountPetCare, Australia's trusted online pet supply store, is gearing up for an exciting Black Friday and Cyber Monday Sale, providing pet parents across the globe with unbeatable deals on a wide selection of high-quality pet products. From November 29 to December 3, 2024, pet parents can take advantage of remarkable discounts on essential pet supplies, including flea & tick treatments, preventives, wormers, health care supplements, treats,
Are you excited about work on Monday morning?
This course will help you consciously design a short & long-term career strategy. We’ve created an online course for accountants who are feeling unfulfilled in their current job. We’ve taken 15 years of industry experience supporting accountants and developed a series of sessions to help you consciously design your short and long-term career. We focus on your beliefs to help take your career from an unconscious product of an environment that
Toss it up Monday!!
Hotel Marine Plaza brings to you “Toss it up Monday” at its authentic Chinese restaurant Oriental Blossom. Toss for your taste buds and get a choice of two express menu’s. Savor on enticing scrumptious meal recreated by our Master Chef Haung from enduring favorites to splendid flavors. The express menu offers an array of both vegetarian and non-vegetarian dishes starting from soups, appetizers, main course, rice/noodles and desserts just @1099 EXPRESS MENU1 EXPRESS