SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Aluminium futures were trading higher during the afternoon trade in the domestic market on Wednesday as speculators widened their bets amid increase in physical demand for aluminium in the domestic spot market after improving risk appetite on stronge US jobs data and hopes of more monetary stimulus from the central banks.

• Copper futures jumped by more than 1.5 per cent during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal as expectations of global economic stimulus and geographical uncertainty surrounding the South China Sea after an international tribunal’s ruling that China had no territorial claims to it boosted the demand for the raw material.

• Silver futures rallied by more than 1 per cent during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal tracking a bullish trend in the overseas market amid speculation of increased policy losing across the globe in the wake of Brexit bolstering the lure for the bullion a hedge against the inflationary risk of monetary stimulus.

TRADING STRATEGY :
BUY GOLD ABOVE 1344 TARGET 1349 1355 SL BELOW 1339
SELL GOLD BELOW 1336 TARGET 1331 1325 SL ABOVE 1341

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