Press Releases
 
Daily Comex Commodity Report of 21st November 2017 by Epic Research

, 21 November 2017 -- Crude oil prices remained lower on Monday, as rising U.S. oil output and fears that efforts to curtail global oil production will not be extended dampened demand for the commodity.

INTERNATIONAL COMMODITY NEWS

Gold prices were moderataly lower on Monday, but they remained within close distance of a one-month peak as uncertainty over the fate of a major U.S. tax reform plan continued to weigh on demand for the dollar Comex gold futures were down $3.43 or about 0.26% at $1,293.07 a troy ounce by 08:20 a.m. ET (12:20 GMT). The House of Representatives on Thursday passed a bill that would lower corporate taxes and cut individual taxes for most households in 2018, in a step towards the biggest U.S. tax code overhaul since the 1980s. But the legislation may face a tougher fight in the Senate amid resistance within Republican ranks. Senate lawmakers are expected to vote on their version of the bill after this week’s Thanksgiving holiday. Markets were also jittery due to an ongoing investigation into potential Russian interference in the 2016 Presidential election.

Crude oil prices remained lower on Monday, as rising U.S. oil output and fears that efforts to curtail global oil production will not be extended dampened demand for the commodity. The U.S. West Texas Intermediate crude December contract was down 59 cents or about 1.04% at $56.12 a barrel by 09:50 a.m. ET (13:50 GMT). Elsewhere, Brent oil for January delivery on the ICE Futures Exchange in London was down 80 cents or about 1.28% at $61.92 a barrel. Oil prices remained under pressure amid concerns rising U.S. production would dampen OPEC’s efforts to rid the market of excess supplies. Domestic U.S. output has rebounded by almost 15% since the most recent low in mid-2016, casting doubts over the past few months' narrative of tightening energy markets. Growing concerns that Russia was reluctant to support an extension of an existing OPEC-led production cut agreement also weighed on the commodity.

Natural gas futures started the week off with sharp losses on Monday, as traders reacted to forecasts calling for less heating demand through the end of this month. U.S. natural gas futures sank 6.2 cents, or around 2%, to $3.035 per million British thermal units by 9:00AM ET (1400GMT). It reached its worst level since Nov. 3 at $3.026 earlier in the session. Prices climbed 4.4 cents, or almost 1.5%, on Friday, but still lost about 3.6% for the week. Gas futures often reach a seasonal low in late October and early November, when mild weather weakens demand, before recovering in the winter, when heating-fuel use peaks. The heating season from November through March is the peak demand period for U.S. gas consumption

TRADING STRATEGY :

BUY GOLD ABOVE 1300 TGT 1305 1315 SL BELOW 1290
SELL GOLD BELOW 1280 TGT 1275 1265 SL ABOVE 1290

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 @

Also you can Whatsapp us at :7049084664

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

# # #


Submitted by Epic Research, Epic Research Pvt.Ltd indore on Tuesday, 21 November 2017 at 1:57 PM
Category: Business
 
Related News

Phallosan Forte Discount
Saturday, 16 Dec 2017

Affordable SEO Services (Jasa SEO Murah) Are Being Offered By Pagesatu.Com to Individuals and Busine
Saturday, 16 Dec 2017

Carpet Cleaning Sydney Are the Experts to Call for Thorough Home and Business Cleaning
Saturday, 16 Dec 2017

Royal Bindi Features Its Professional Still Photography Services
Saturday, 16 Dec 2017

Smash Sales Is the Fastest Growing Online Marketplace for Buying and Selling Of Auto Parts in Melbou
Saturday, 16 Dec 2017

Related Events

Palo Alto Networks: SECURE THE FORCE: BSB
Thursday, 21 Dec 2017

Role of the Director and the Board Course IoD
Monday, 8 Jan 2018

Home Business Workshop
Tuesday, 9 Jan 2018

Palo Alto Networks: Advanced Endpoint Ultimate Test Drive
Thursday, 11 Jan 2018

Role of the Chair Training Course IoD
Monday, 15 Jan 2018

Latest News

Phallosan Forte Discount
Saturday, 16 Dec 2017

Affordable SEO Services (Jasa SEO Murah) Are Being Offered By Pagesatu.Com to Individuals and Busine
Saturday, 16 Dec 2017

Global Intellectual Property Convention Inspiring 'Startup India' to First 'Innovate in India'
Saturday, 16 Dec 2017

Global Intellectual Property Convention Inspiring 'Startup India' to First 'Innovate in India'
Saturday, 16 Dec 2017

Carpet Cleaning Sydney Are the Experts to Call for Thorough Home and Business Cleaning
Saturday, 16 Dec 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Saturday, 16 December 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Tube Middle East
  • Welding & Cutting Middle East
  • Wire & Cable Arabia
  • Metal Middle East
  • Echo on Marco Island: Case-Based Approach

  • Latest Jobs
    Sorry, there are currently no entries posted here.