Monday, June 23, 2014

Sgx Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
• Gold futures held onto the week’s gains on Friday, buoyed by dovish language out of the Federal Reserve as well as concerns the U.S. may get dragged deeper into the Iraqi insurgency and risk slowing economic recovery. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,316.10 a troy ounce during U.S. trading, up 0.15%, up from a session low of $1,307.20 and off a high of $1,322.40.


TRADING STRATEGY :
WTICRUDEOIL-NYMEX has closed @ 107.05. If it sustain above the level of 107.40, it can touch the level of 107.90 & 108.60 respectively. If it breaks the level of 105.30, it can touch the level of 104.80, 104.10 respectively.

  • BUY WTICRUDEOIL-NUMEX ABOVE 107.40 TGTS 107.90, 108.60 SL 106.81.
  • SELL WTICRUDEOIL-NUMEX BELOW 105.30 TGTS 104.80, 104.10 SL 105.89.

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