Tuesday, August 18, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Oil fell towards six-year lows on Monday, on data showing the economy of Japan, the world’s third biggest oil consumer, contracted in the second quarter.
  • Gold prices were higher on Monday as concerns that China could let the yuan fall further after last week’s unexpected devaluation underpinned safe haven demand for the precious metal.
  • Crude eased in Asia on Tuesday with attention focused on demand prospects from China in the wake of a weaker yuan and looking ahead to U.S. industry estimates of stockpiles.


TRADING STRATEGY :
BUY GOLD ABOVE 1120 TARGET 1125 1131 SL 1114
SELL GOLD BELOW 1117 TARGET 1112 1106 SL 1123

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