SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Gold prices eased slightly on Monday, but held near a six-week peak as steep losses in global equity markets and receding expectations that the Federal Reserve will raise U.S. interest rates next month supported demand for the yellow metal.

• Crude oil futures fell to the lowest level in more than six years on Monday, as steep declines on China’s stock market rattled investors’ confidence.

• Copper prices plunged to the lowest level in six years on Monday, as steep declines on Chinese stock markets dampened appetite for the red metal.

• NYMEX crude drops sharply in Asia as Shanghai Composite plummets

TRADING STRATEGY :
BUY GOLD ABOVE 1156 TARGET 1161 1167 SL 1150
SELL GOLD BELOW 1152 TARGET 1147 1141 SL 1158

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