SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Copper futures fell to a three-week low on Thursday, as concerns over the health of China’s economy dampened appetite for the red metal.Copper for December delivery on the Comex division of the New York Mercantile Exchange inched hit an intraday low of $2.294 a pound, a level not seen since September 2, before trading at $2.302 during morning hours in London, up 0.6 cents, or 0.28%.

• Gold futures edged higher early Thursday, as investors looked ahead to a speech by Federal Reserve Chair Janet Yellen scheduled later in the day for additional clarity on the bank’s decision last week to leave interest rates on hold. Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up $3.70, or 0.33%, to trade at $1,135.20 a troy ounce during European morning hours.

• Crude oil prices gained in Asia on Thursday as investors took advantage of an overnight dip.On the New York Mercantile Exchange, WTI crude for November delivery traded up 0.67% to $44.77 a barrel.Overnight, U.S. crude futures reversed territory on Wednesday afternoon, falling by nearly 4%, as a considerable build in gasoline inventories offset a second consecutive weekly draw in crude stockpiles.

TRADING STRATEGY :
BUY GOLD ABOVE 1147 TARGET 1152 1158 SL 1141
SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

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