Wednesday, August 19, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Crude oil futures traded at the lowest level in more than six years on Tuesday, as steep declines on China’s stock market rattled investors’ confidence.
  • Copper prices tumbled to the lowest level in more than six years on Tuesday, as steep declines on Chinese stock markets dampened appetite for the red metal.
  • Gold prices swung between small gains and losses on Tuesday, as market players continued to speculate over the timing of a U.S. interest rate hike.
  • U.S. natural gas futures slide to 5-week low as forecasts turn cooler .

TRADING STRATEGY :
BUY GOLD ABOVE 1119 TARGET 1124 1130 SL 1113
SELL GOLD BELOW 1116 TARGET 1111 1105 SL 1120

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