INTERNATIONAL COMMODITY NEWS :
• Gold futures rose on Friday as the dollar fell amid market sentiment that the Federal Reserve will keep interest rates low well into 2015 despite comments from the head of the U.S. central bank’s St. Louis branch suggesting otherwise. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,319.50 a troy ounce during U.S. trading, up 0.19%, up from a session low of $1,313.60 and off a high of $1,323.10. The August contract settled down 0.42% at $1,317.00 on Thursday.
TRADING STRATEGY :
WTICRUDEOIL-NYMEX has closed @ 105.72. If it breaks the level of 105.50, it can touch the level of 105.00 & 104.20 respectively. If it sustain above the level of 106.76, it can touch the level of 107.26, 107.96 respectively.
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• Gold futures rose on Friday as the dollar fell amid market sentiment that the Federal Reserve will keep interest rates low well into 2015 despite comments from the head of the U.S. central bank’s St. Louis branch suggesting otherwise. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,319.50 a troy ounce during U.S. trading, up 0.19%, up from a session low of $1,313.60 and off a high of $1,323.10. The August contract settled down 0.42% at $1,317.00 on Thursday.
TRADING STRATEGY :
WTICRUDEOIL-NYMEX has closed @ 105.72. If it breaks the level of 105.50, it can touch the level of 105.00 & 104.20 respectively. If it sustain above the level of 106.76, it can touch the level of 107.26, 107.96 respectively.
- SELL WTICRUDEOIL-NYMEX BELOW 105.50 TGTS 105.00, 104.20 SL 106.05.
- BUY WTICRUDEOIL-NYMEX ABOVE 106.76 TGTS 107.26, 107.96 SL 106.21.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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