Friday, August 28, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Gold futures were little changed on Thursday, as investors awaited the release of revised U.S. second quarter economic growth data later in the day for a fresh reading on the strength of the economy.
  • West Texas Intermediate oil futures reclaimed the key $40-level on Thursday, as sentiment was boosted amid a global stock market rally.
  • Copper futures rose sharply on Thursday, as Chinese equity markets rebounded from a brutal sell off in the prior session, easing jitters over an ongoing stock market collapse.
  • NYMEX crude jumps in Asia as China demand outlook brightens .

TRADING STRATEGY :
BUY GOLD ABOVE 1132 TARGET 1137 1143 SL 1116
SELL GOLD BELOW 1129 TARGET 1124 1118 SL 1135

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