SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Natural Gas futures ended lower in the domestic market on Friday even as a massive blizzard rocked the US East Coast bringing life to almost a standstill and raising hopes of a pickup in demand for the heating fuel in the world’s biggest economy.Cold temperatures tend to boost demand for gas-fired heating at offices and homes.

• Copper futures fell in the domestic market on Monday as investors and speculators exited positions in the industrial metal amidst worries that demand from top consumer China may weaken in the coming days ahead of the Lunar New Year holidays when factories and businesses remain shut for a week due to festivities.

• Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily over -supplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last week. Brent crude (LCOc1), the global benchmark, was down 93 cents at $31.25 a barrel at 0955 GMT, losing 3 percent from its closing price on Friday, when Brent surged 10 percent.U.S. crude (CLc1) traded $1.02 lower at $31.17 a barrel.

TRADING STRATEGY :
BUY GOLD ABOVE 1110 TARGET 1120 1135 SL 1099
SELL GOLD BELOW 1100 TARGET 1090 1075 SL 1112

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg