SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Gold fell mildly on Friday amid a relatively flat dollar, as a mixed U.S. jobs report for the month of August provided few signals on the likelihood of a September rate hike by the Federal Reserve. Copper futures extended gains from the prior session to hit a one-week high on Thursday, as a sharp rebound on Wall Street overnight helped soothe investors’ tattered nerves..

• Crude futures inched down on Friday amid a relatively flat dollar, as U.S. oil rigs fell for the first time in six weeks, marking its largest weekly decline since the start of the summer.

• Oil prices fell on Friday, pushing benchmark North Sea Brent crude down towards $50 a barrel, after a cut in European growth forecasts heightened worries over the outlook for demand at a time of huge oversupply.

TRADING STRATEGY :
BUY GOLD ABOVE 1124 TARGET 1129 1135 SL 1118
SELL GOLD BELOW 1121 TARGET 1116 1110 SL 1127

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