SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Gold rose Rs 21 to Rs 27,097 per 10 grams in futures trading today as speculators widened bets, tracking a firming trend overseas.At the Multi Commodity Exchange, gold for delivery in far-month February next year edged higher by Rs 21, or 0.08%, to Rs 27,097 per 10 grams, in a business turnover of three lots.

• Anglo America Copper production decreased by 3% to 171,100 tonnes, largely driven by the sale of the Norte assets, effective for reporting from 1 September2015.Production from retained operations increased by 1%. Production from Los Bronces increased by3% to 98,600 tonnes.Higher grade material was processed to offset water con- straints during July and August. High levels of plant throughput were achieved in September .

• Oil prices rose on Friday, finding support from brighter economic data and a global stock market rally after the European Central Bank signaled more stimulus.Benchmark Brent crude oil was 20 cents higher at $48.28 a barrel by 5.05 a.m. ET after settling up 23 cents in the previous session. U.S. crude for December was unchanged at $45.38 a barrel, having risen 18 cents on Thursday.

TRADING STRATEGY :
BUY GOLD ABOVE 1178 TARGET 1183 1189 SL 1172
SELL GOLD BELOW 1162 TARGET 1157 1151 SL 1168

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