Monday, August 24, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • U.S. crude futures fell below a key technical level on Friday plunging under $40 a barrel for the first time since 2009, amid a slight build last week in oil rigs nationwide.
  • Gold futures ticked up on Friday extending sharp gains from the prior session, as weak manufacturing data in China bolstered arguments for additional stimulus measures by the Chinese Central bank in order to jumpstart growth in the world’s second-largest economy.
  • Natural gas futures sank to a more than six-week low on Friday, as forecasts for mild weather across key consumption regions of the U.S. in the week ahead dampened demand expectations for the fuel.

TRADING STRATEGY :
BUY GOLD ABOVE 1165 TARGET 1170 1176 SL 1159
SELL GOLD BELOW 1157 TARGET 1152 1146 SL 1163

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