Wednesday, September 16, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Oil edged further above $46 a barrel on Tuesday, supported by the prospect of lower U.S. inventories and production although concern about weaker Asian demand kept prices in check.While analysts expect reports this week to show no change in U.S.
  • Gold prices held steady in European morning hours on Tuesday, as markets were jittery ahead of the Federal Reserve’s policy statement this week amid growing uncertainty over a potential rate hike
  • Crude oil gained in early Asia on Tuesday with investors focused on U.S. stockpile estimates from the American Petroleum Institute later in the day.

TRADING STRATEGY :
BUY GOLD ABOVE 1106 TARGET 1111 1117 SL 1101
SELL GOLD BELOW 1102 TARGET 1097 1091 SL 1108

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