Friday, August 14, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Copper prices bounced off a six-year low on Thursday, after the People’s Bank of China reassured markets that it will not continuously devalue the yuan.
  • Crude oil futures rose for the second straight session on Thursday, as appetite for growth-linked assets improved after the People’s Bank of China reassured markets that it will not continuously devalue the yuan.
  • Gold eases from 3-week high ahead of U.S. retail sales data .


TRADING STRATEGY :
BUY GOLD ABOVE 1115 TARGET 1120 1126SL 1109
SELL GOLD BELOW 1112 TARGET 1107 1101 SL 1118

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