Thursday, September 10, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Gold futures struggled on Wednesday, as strong gains in global equity markets dampened demand for the yellow metal. Gold prices were also weighed amid ongoing uncertainty about whether the Federal Reserve will increase interest rates later this month when it meets on September 16-17.
  • Copper futures extended strong gains from the prior session on Wednesday to hit the highest level in more than seven weeks as indications of steady demand from China and news of global production cuts boosted prices.
  • Crude oil prices remained steady but at low levels in early Asian trading on Wednesday as concerns remained that high global production was being met by increasingly slowing demand.

TRADING STRATEGY :
BUY GOLD ABOVE 1109 TARGET 1114 1120 SL 1103
SELL GOLD BELOW 1105 TARGET 1100 1094 SL 1111

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