Friday, October 9, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
  • Crude oil gained in Asia on Thursday despite weak manufacturing figures from Japan and higher U.S. stock-piles than expected reported overnight.On the New York Mercantile Exchange, WTI crude for November rose 0.97% to $48.28 a barrel.Overnight, crude futures see-sawed on a volatile day of trading, amid a stronger than expected build in U.S. crude stockpiles last week.
  • Gold prices dropped in Asia on Thursday as China markets returned from holidays and investors stake positions ahead of Fed minutes later in the day. On the Comex division of the New York Mercantile Exchange, gold for December delivery fell 0.34% to $1,144.80, while silver futures for December delivery dropped 0.74% to $15.975 a troy ounce.
  • Copper slipped on Thursday, while China copper prices rose on a short-covering rally as markets reopened after a week-long break. Copper prices have been supported by expectations of a mild improvement in seasonal demand and cutbacks to supply, despite ongoing worries over China’s growth.

TRADING STRATEGY :
BUY GOLD ABOVE 1148 TARGET 1153 1157 SL 1142
SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

0 comments:

Post a Comment