Monday, May 11, 2015

SGX Comex Recommendations : Epic Research Singapore

Posted on Monday, May 11, 2015by with No comments
INTERNATIONAL COMMODITY NEWS :
  • NYMEX crude weaker in early Asia after China weekend interest rate cut .
  • Gold dips after weekend China rate cut, but copper up smartly .
  • Crude continues retreat from yearly-high reached earlier in the week .
  • Natural gas futures soared more than 5% on Friday to hit a seven-week peak, as a bout of technical buying kicked in after prices broke above key resistance levels.
  • Crude futures were mixed on Friday moving slightly lower on the week, following an inconsequential U.S. jobs report and an unexpected result in the UK general elections.
TRADING STRATEGY :
BUY GOLD ABOVE 1194 TARGET 1199 1205 SL 1188
SELL GOLD BELOW 1183 TARGET 1178 1171 SL 1189

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