SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Natural gas futures fell for the third consecutive session on Friday to settle near a five-week low as forecasts for mild weather across the U.S. in the week ahead and concerns over ample supplies weighed.

• Crude oil prices dropped in Asia on Monday as China trade data painted a picture of weak imports by the world’s top crude buyer.

• Gold prices gained on prospects for continued easy monetary policy in China on trade data that showed a slump in imports, while copper held nearly flat. China said May exports fell 2.5%, less than the 5% drop seen, while imports dropped 17.6%, much more than the slide of 10.7% expected.

• Crude ends skid, as OPEC leaves production ceiling unchanged .

TRADING STRATEGY :
BUY GOLD ABOVE 1179 TARGET 1184 1190 SL 1173
SELL GOLD BELOW 1172 TARGET 1167 1161 SL 1178

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