Friday, November 20, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Gold prices rose slightly on Thursday but held near six-year lows as investors braced for a hike in interest rates by the Federal Reserve next month.Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $6.10, or 0.56%, to trade at $1,074.80 a troy ounce during European morning hours.
  • Copper prices fell to the lowest level since May 2009 on Thursday, as investors continued to cut holdings of the red metal amid bearish chart signals.Copper for December delivery on the Comex division of the New York Mercantile Exchange shed 0.1 cents, or 0.03%, to trade at $2.077 a pound during morning hours in London.
  • U.S. crude oil prices edged up in early trading in Asia on Thursday but are struggling to break away from the $40 per barrel mark as oversupply and high inventory levels ensure an ongoing glut.U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $40.88 per barrel at 0031 GMT, up 13 cents from their last settlement.

TRADING STRATEGY :
BUY GOLD ABOVE 1075 TARGET 1080 186 SL 1070
SELL GOLD BELOW 1065 TARGET 1060 1054 SL 1071

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