Tuesday, September 1, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Gold futures struggled for direction on Monday, as investors looked ahead to Friday’s U.S. jobs report for August, which could help to provide clarity on the likelihood of a near-term interest rate hike.
  • Crude oil futures declined on Monday, as traders cashed out of the market after prices scored their biggest two-day percentage gain since 2009 last week.
  • Copper futures declined on Monday, as worries over China’s slowing economy dampened demand for the red metal.


TRADING STRATEGY :
BUY GOLD ABOVE 1142 TARGET 1147 1153 SL 1136
SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

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