Monday, August 17, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Gold prices gained in Asia on Monday as investors sought bargins on the physical side amid market volatility on growth prospects in the region., Japan said second quarter economic growth fell 0.4%, less than the drop of 0.5% expected and at an annual pace of down 1.6%, also better than the 1.8% decline seen.
  • Growing concerns over demand from China and Japan sent crude oil prices down on Monday in Asia as investors also noted a major industrial accident last week in the Chinese port city of Tianjin may also disrupt economic activity for a considerable period as cleanup gets underway.


TRADING STRATEGY :
BUY GOLD ABOVE 1118 TARGET 1123 1129 SL 1112
SELL GOLD BELOW 1114 TARGET 1109 1103 SL 1120

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