Monday, June 1, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Crude surges nearly 5%, as drop in U.S. rig count eases supply fears .
  • Gold ends month slightly higher amid weaker dollar, Greek debt impasse .
  • Gold futures little changed ahead of U.S. GDP report .
  • NYMEX crude jumps in Asia as Japan industrial output gains .
  • OPEC is likely to keep its output target unchanged when it meets on Friday because the global oil market appears to be in good shape and prices are expected to firm up from current levels, a senior Gulf OPEC delegate told Reuters .

TRADING STRATEGY :
BUY GOLD ABOVE 1194 TARGET 1199 1205 SL 1188
SELL GOLD BELOW 1185 TARGET 1180 1174 SL 119

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