SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Oil prices ticked lower in quiet trading ahead of the end of the year on Monday, as last week’s sharp rally came to a halt.Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility.

• Copper futures fell in the domestic market on Monday as investors and speculators exited positions in the industrial metal as a sixth straight drop in China’s industrial companies’ profits in November raised fears over a hard landing in the world’s second biggest economy clouding the demand outlook for copper.China’s industrial profits fell 1.4 percent year on year in November 2015 data showed over the weekend.

• Natural Gas futures soared by more than 3 per cent in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as a bigger than expected US stockpile withdrawal signaled a pickup in demand for the heating fuel in the world’s biggest economy. US gas stockpiles fell by 32 billion cubic feet to 3.814 trillion cubic feet in the week ended December 18 2015 the EIA said compared to an expectation of a 25 billion cubic feet drop.

TRADING STRATEGY :
BUY GOLD ABOVE 1075TARGET 1080 1086 SL 1069
SELL GOLD BELOW 1070 TARGET 1065 1059 SL 1076

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