SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Gold prices fell by 0.28 per cent on Tuesday as participants booked profits at prevailing higher levels even as the precious metal glittered overseas. Traders attributed the fall in gold futures to profit-booking by traders at existing levels. However a firm trend overseas on speculation that the US central bank will be slow to tighten policy further bolstering the metal’s appeal as the dollar sagged.

• Crude oil prices rose by 0.07 per cent on Tuesday as the dollar slipped to an 18-month low against the yen potentially spurring fuel demand. Higher oil came on the back of a slumping dollar which makes purchases of dollar-traded fuel cheaper for countries using other currencies potentially spurring demand as well as strong investor interest in oil.

• Lead prices fell by 0.75 per cent on Tuesday as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX Lead futures for the May 2016 contract is trading at Rs 118.60 per kg down by 0.75 per cent after opening at Rs 118.95 against a previous close of Rs 119.50.

TRADING STRATEGY :
BUY GOLD ABOVE 1301 TARGET 1306 1312 SL BELOW 1296
SELL GOLD BELOW 1288 TARGET 1283 1277 SL ABOVE 1293

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