Wednesday, July 29, 2015

SGX Comex Recommendations : Epic Research Singapore


INTERNATIONAL COMMODITY NEWS :
  • Copper holds near 6-year low amid China stock market volatility .
  • Brent oil drops to 6-month low, WTI falls below $47 on glut concerns .
  • Gold futures struggle below $1,100 ahead of Federal Reserve’s two-day monetary policy meeting due to begin later in the day.
  • NYMEX crude drops in early Asia as oversupply outlook dominates .

TRADING STRATEGY :
BUY GOLD ABOVE 1099 TARGET 1104 1110 SL 1093
SELL GOLD BELOW 1095 TARGET 1090 1084 SL 1101

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