Friday, December 11, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
Gold futures edged lower on Thursday, but still stuck in familiar trading range, as market players braced for the first U.S. rate hike since 2006 next week.The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.2% to 97.53. Dollar-priced commodities become more expensive to investors holding other currencies when the greenback gains.


TRADING STRATEGY :
BUY GOLD ABOVE 1075 TARGET 1080 1086 SL 1069
SELL GOLD BELOW 1070 TARGET 1065 1059 SL 1076

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