SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Crude oil gained in Asia on Monday as investors saw the supply picture slightly tighter on U.S. rig count data last week. On the New York Mercantile Exchange, crude oil for delivery in November rose 0.22% to $45.64 a barrel. In the week ahead, investors will be focusing on Wednesday’s minutes of the Fed’s September meeting, when the central bank decided to delay hiking rates.

• Gold held flat to slightly weaker in Asia on Monday as investors took gains from last week and looked ahead to Federal Reserve September meeting minutes this week.Gold for December delivery fell 0.02% to $1,136.40 a troy ounce. Elsewhere in precious metals trading, silver futures for December delivery eased 0.35% to $15.210 a troy ounce and copper fell 0.07% to $2.343 a pound.

• U.S. crude futures for November delivery were last at $45.22 a barrel, up 1.07% for the day.On the ICE Futures Exchange in London, the November Brent contract were up 0.28% at $47.83 a barrel.Concerns over tensions in Syria grew stronger with the arrival of hundreds of Iranian troops in the country to join a ground offensive in support of government forces, a sign the civil war is turning still more regional and global in scope.

TRADING STRATEGY :
BUY GOLD ABOVE 1140 TARGET 1145 1151 SL 1134
SELL GOLD BELOW 1133 TARGET 1128 1122 SL 1139

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