SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Copper futures swung between small gains and losses on Wednesday, as weak China inflation data reinforced views that Beijing will roll out fresh support measures soon for the world’s second largest economy.Copper for December delivery on the Comex division of the New York Mercantile Exchange inched down 0.4 cents, or 0.17%, to trade at $2.384 a pound during morning hours in London.

• Crude oil futures struggled on Wednesday, after disappointing economic data from China added to worries about its ability to meet its year-end growth target.On the ICE Futures Exchange in London, Brent oil for December delivery inched down 8 cents, or 0.16%, to trade at $49.61 a barrel during European morning hours

• Gold futures rose for the fourth straight session on Wednesday to hit a three-month high as a broadly weaker U.S. dollar coupled with ongoing expectations that the Federal Reserve will hold off on hiking interest rates until 2016 boosted the appeal of the precious metal. gold prices gained in Asia Wednesday as weak prices data out of China highlighted prospects for continued easy monetary policies.

TRADING STRATEGY :
BUY GOLD ABOVE 1170 TARGET 1175 1181 SL 1164
SELL GOLD BELOW 1160 TARGET 1155 1149 SL 1166

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