Thursday, September 3, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Gold futures were modestly higher on Wednesday, as market players looked ahead to the release of key U.S. data later in the session amid ongoing uncertainty over the timing of a Federal Reserve rate hike.
  • Copper futures struggled for direction on Wednesday, as investors focused on the deteriorating out-look for China and its impact on the global economy.
  • West Texas Intermediate oil futures extended heavy losses from the prior session on Wednesday, as market participants looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of demand in the world’s largest oil consumer.

TRADING STRATEGY :
BUY GOLD ABOVE 1134 TARGET 1139 1145 SL 1128
SELL GOLD BELOW 1132 TARGET 1127 1121 SL 1138

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