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  • Epic Research Daily Commodity Report 9th Jan 2017
    Epic Research Daily Commodity Report 9th Jan 2017 epicresearch
    epicresearch on Monday, January 9, 2017
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    Finance [2818]

    Epic Research Daily Commodity Report 9th Jan 2017

     

    Gold for February delivery edged up 0.21% to $1,175.85 a troy ounce on the Comex division of the New York Mercantile Exchange.

     

    COMMODITY HEADLINES

     

    Nickel futures keep head above water

    Zinc futures fall on slackened demand

    Copper futures in reverse gear

    Slack demand weak global cues bite white metal

    Yellow metal loses sheen

    Crude oil buoys as Saudi Arabia Abu Dhabi cut supplies

    Lead futures fall on ease in physical demand

    Aluminium futures little changed on subdued demand

     

    TODAY'S Recommendations

     

    BUY GOLD ABOVE 27985 TGT 28085 28285 SL BELOW 27885

    SELL GOLD BELOW 27850 TGT 27750 27550 SL ABOVE 27950

    BUY SILVER ABOVE 40550 TGT 40750 41150 SL BELOW 40350

    SELL SILVER BELOW 40000 TGT 39800 38300 SL ABOVE 40200

     

    SPECIAL NEWS

     

    Venezuela's socialist President Nicolas Maduro announced on

    Sunday a 50 percent hike in the minimum wage and pensions,

    the fifth increase over the last year, to help shield workers from

    the world's highest inflation rate.

     

    The measure puts the mini-

    mum monthly salary at 40,683 bolivars - about $60 at the weak-

    est exchange level under the state's currency controls, or $12 at

    the black market rate.

     

    Egyptians have been assured by their president that the coun-

    try's battered economy will pick up in six months and they are

    coping "brilliantly" with austerity. But on the streets of Cairo it

    is hard to find people who agree.

     

    In making his forecast last

    month, President Abdel Fattah al-Sisi urged businessmen and

    investors to help the government rein in price rises.

     

    COMMODITY BUZZ

     

    Gold prices edged higher in Asia on Monday as investors awaited a lineup of Fed speakers this week and the incoming president to set the tone and markets in Japan shout for a holiday.

     

    Copper futures was up 0.08% to $2.544 a pound.In the week ahead, investors will be looking ahead to U.S. economic reports, particularly Friday’s retail sales figures for December.

     

    Oil futures finished slightly higher on Friday, logging their fourth weekly gain in a row with traders encouraged by signs that major crude producers will adhere to the pledge to curb output.On the New York Mercantile Exchange, crude oil for delivery in February inched up 23 cents, or about 0.4%, to end at $53.99 a barrel by close of trade Friday.

     

    U.S. crude prices touched an 18-month high of $55.24 on Tuesday.

     

    Epic Research Ltd is one of the top stock market advisory company in India, also known for reliable services. We offer the highly accurate commodity tips, stock tips, ncdex tips, forex tips etc by doing intense analysis of market.

     

    Traders and investors can see our past performance and track-sheets which are easily available on our website. They also can avail the latest market updates and market trends by subscribing our daily or weekly newsletter.

     

    Get in touch with Epic Research to avail the services-

    Visit our website – http://www.epicresearch.co/

    E-Mail us @ – info@epicresearch.co

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