Monthly Archives: September 2014

30Sep

Comex Commodity Trading Signals and Market News – 30 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped in Asia on Tuesday with civil unrest in Hong Kong a continued focus as is data from China on manufacturing. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,215.90 a troy ounce, down 0.04%, after hitting an overnight session low of $1,215.90 and off a high of $1,223.90.In China, HSBC/Market is due to release the final reading of their September PMI at 0945 local (0145 GMT). The flash reading, released last week, showed a surprise uptick to 50.5 from August’s final 50.2, helping lift sentiment. Overnight, gold futures came off earlier highs in trading after the dollar recovered from mixed U.S. Data.

• Better-than-expected U.S. personal spending data coupled with news of refinery closures sent oil prices trading near session highs on Monday. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded up 1.15% at $94.62 a barrel during U.S. trading. New York-traded oil futures hit a session low of $92.75 a barrel and a high of $94.63 a barrel.The November contract settled up 1.09% at $93.54 a barrel on Friday. Nymex oil futures were likely to find support at $90.41 a barrel, last Monday’s low, and resistance at $95.91 a barrel, the high from Sept. 2.

Natural gas prices rose on Monday after updated weather-forecasting models pointed to falling temperatures across the U.S., which should drive demand for heating in the country’s homes and businesses. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 1.68% at $4.097 per million British thermal units during U.S. trading. The commodity hit a session low of $4.012, and a high of $4.098.The November contract settled up 0.37% on Friday to end at $4.029 per million British thermal units. Natural gas futures were likely to find support at $3.845 per million British thermal units, last Tuesday’s low, and resistance at $4.100, the high from Sept. 17.

Silver for December delivery rose 1.07% to $17.625 an ounce on Friday, paring the week’s losses to 0.83%. Silver prices hit lows of $17.27 an ounce on Thursday, their weakest since June 2010. Comex copper for December delivery eased up 0.27% to end at $3.038 a pound .Elsewhere in metals trading, NYMEX platinum futures for October delivery dropped 1.01% to $1,300.9 an ounce on Friday, the lowest level since October 2009.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1220 TGT 1224,129 SL 1215
  • SELL GOLD BELOW 1213 TGT 1209,1204 SL 1218.20

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

30Sep

IForex Market Trading Signals and News – 30 September 2014

TRADING TIPS :

  • Forex-Dollar extends broad gains ahead of busy week.
  • Forex-Pound steady near 2-week lows against dollar .
  • Forex-Dollar gains against weaker yen, euro.

EUR/USD
EUR/USD touched lows of 1.2664, the weakest since November 2013 and was last trading at 1.2679.The euro zone was to release preliminary data on consumer prices on Tuesday ahead of the outcome of Thursday’s ECB meeting. Investors were also looking ahead to economic data from the U.S., with Friday’s nonfarm payrolls report sharply in focus after August’s report fell short of expectations. The U.S. was to release data on personal income and expenditure later Monday, followed by a report on pending home sales.The euro zone was to release preliminary data on consumer prices on Tuesday ahead of the outcome of Thursday’s ECB meeting.

GBP/USD
GBP/USD touched lows of 1.6215, the weakest since September 16 and was last down 0.13% to 1.6222.Cable was likely to find support at the 1.6200 level and resistance at around 1.6330.The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, touched a four year high of 85.93, and was last up 0.06% to 85.83, after notching up its eleventh consecutive weekly gain last week.Demand for the dollar continued to be underpinned after data on Friday showed that the U.S. economy grew at an annual rate of 4.6% in the second quarter, the fastest pace in two-and-a-half years.Investors were looking ahead to economic data from the U.S., with Friday’s nonfarm payrolls report sharply in focus after August’s report fell short of expectations.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2714-TG:1.2734/1.2764 SL 1.2684
2. Sell EUR/USD Below 1.2662-TG:1.2642/1.2612 SL 1.2692

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

29Sep
sgx 30 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 30 September 2014

MARKET UPDATES :

  • THE Manpower Ministry (MOM) has accepted the recommendation from representatives of unions, employers and the government that the current re-employment age ceiling of 65 be raised to 67 gradually and through the use of incentives, given that the Singapore labour market remains tight.MOM said on Monday that the Tripartite Committee on Employability of Older Workers (Tricom) had also proposed that the government offer incentives to encourage companies to re-employ their older workers aged above 65 in the interim, even before the legislation kicks in.
  • SINGAPORE share prices ended lower on Monday with the Straits Times Index down 2.49 points to 3,289.72.Volume was 1 billion shares worth S$682.1 million.Losers outnumbered gainers 222 to 186.
  • DBS Bank said on Monday that it has suspended services at four of its Hong Kong branches in Admiralty, Causeway Bay and Mong Kok until further notice, amid ongoing unrest in the former British colony.The bank said in a statement: “Our DBS Hong Kong and DBS Vickers offices, as well as other DBS branches are operating as normal. Customers are urged to visit our other branches for banking services. We apologise for any inconvenience caused.”
  • OCBC said on Monday that its subsidiary, Wing Hang Bank, has temporarily suspended operations at its United Centre branch at Admiralty in Hong Kong after pro-democracy protesters occupied streets in the Special Administrative Region of the People’s Republic of China .Patrick Chew, head of Operational Risk Management at OCBC Bank, said the suspension was due to “traffic conditions in the area”.
  • JTC Corporation on Monday launched two “confirmed list” sites at Tuas South Street 9 (Plot 50) and Tampines North Drive 1 (Plot 1) for sale, along with one “reserve list” site at Tuas South Street 6 (Plot 46).Reserve list sites are launched for tender only upon successful application by a developer, while confirmed list sites are launched according to schedule, regardless of demand.The two confirmed list sites are zoned for business-2 development, or heavier and more pollutive industrial use.
  • UOB’s Hong Kong franchise remains open for business, the Singapore bank said on Monday after riot police pulled back from pro-democracy demonstrations that left more than 40 people injured and disrupted the former British colony.”We are monitoring the situation closely and are ready to implement our business continuity plans if needed,” a spokesman said.The spokesman added that the bank takes a long-term view of its business in Hong Kong, one of the world’s international financial centres.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.800 TG 6.880, 6.980, 7.100 SL 6.700

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

29Sep

Comex Commodity Trading Signals and Market News – 29 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased further in Asia on Monday as investors expect continued dollar strength on an expected Federal Reserve rate hike sometime next year. On the Comex, gold futures for December delivery traded at $1,217.80 a troy ounce, down 0.08%.Last week, gold futures ended close to their lowest levels of the year as the U.S. dollar notched up its eleventh consecutive week of gains, hitting investor demand for the precious metal. A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Crude oil prices fell in ASia on Monday with the supply outlook prompting profit taking after last week’s gains on solid U.S. GDP data. Crude oil for delivery in November traded at $93.07 a barrel, down 0.34%, as investors took profits on last week’s gain. Last week, U.S. crude oil futures rose, boosted by expectations that accelerating economic growth would support demand, while Brent oil futures ended flat, narrowing the gap between the two contracts to the smallest in nearly a year. Brent oil for November delivery ended last week almost unchanged at $97.02 a barrel on the ICE Futures Exchange in London and ended the week down 1.07%.

Natural gas prices moved up and down on Friday after updated weather forecasting models called for mild temperatures in the coming days, which should curb demand for both air conditioning and heating. Trading was choppy, however, as longer-term models predicted significant cooling in the eastern U.S. later in October. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.39% at $4.030 per million British thermal units during U.S. trading. The commodity hit a session low of $3.970, and a high of $4.034.The November contract settled up 1.24% on Thursday to end at $4.014 per million British thermal units.

Gold and the greenback tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,224.00 a troy ounce during U.S. trading, up 0.37%, up from a session low of $1,207.40 and off a high of $1,225.10.The December contract settled down 0.20% at $1,219.50 on Wednesday.

RECOMMENDATION :

  • BUY GOLD ABOVE 1215 TGT 1211,1207 SL 1220
  • SELL GOLD BELOW 1222 TGT 1226,1231 SL 1207

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

29Sep
forex-trading3

IForex Market Trading Signals and News – 29 September 2014

TRADING TIPS :

  • Forex-Dollar steady, near 4-year peak ahead of U.S. data.
  • Forex-Asian Currencies Decline for Fourth Week on Fed Rate Outlook .
  • Forex-Joining Euro Risks Denting Lithuania’s Fiscal Resolve: Economy.

EUR/USD
EUR/USD hit 1.2738 during late Asian trade, the session low; the pair subsequently consolidated at 1.2742, dipping 0.06%.The pair was likely to find support at 1.2660 and resistance at 1.2864, the high of September 24.The euro remained under pressure after data showed that the Gfk German consumer climate index ticked down to 8.3 this month, from a reading of 8.6 in August. Analysts had expected the index to slip to 8.5.The report added to concerns over the outlook for growth in the euro zone’s biggest economy as data on Wednesday showed that Germany’s Ifo business confidence index deteriorated for the fifth successive month in September.

GBP/USD
GBP/USD hit 1.6286 during European morning trade, the session low; the pair subsequently consolidated at 1.6315, easing 0.01%.Cable was likely to find support at 1.6244, the low of September 18 and resistance at 1.6416, the high of September 24.Demand for the dollar remained supported by mounting expectations for an early U.S. rate hike.Dallas Federal Reserve President Richard Fisher signalled on Thursday that the U.S. central bank may start raising interest rates around the spring of 2015.The pound had strengthened earlier in the week as investor focus returned to the outlook for U.K. monetary policy in the wake of last week’s Scottish independence referendum.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2745-TG:1.2765/1.2795 SL 1.2715
2. Sell EUR/USD Below 1.2672-TG:1.2652/1.2622 SL 1.2702

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

29Sep
sgx 29 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 29 September 2014

MARKET UPDATES :

  • Singapore shares finished the day higher on Friday with the benchmark Straits Times Index up 1.22 points to close at 3,292.21 Volume was 1.19 billion shares worth S$763.1 million. Losers outnumbered gainers 252 to 150.
  • Singapore sovereign wealth fund GIC said on Thursday it had bought a stake in RAC Ltd, Britain’s second largest roadside recovery firm, from private equity fund Carlyle Group LP for an undisclosed amount. GIC did not specify the size of the stake it had bought, but said it and Carlyle will now jointly own a majority stake in RAC, with the company’s management holding the remaining stake. Carlyle Group bought RAC Ltd in 2011 for US$1.63 billion. A person familiar with the GIC transaction said RAC now had an enterprise value, including debt, of around 2 billion pounds(S$4,136,248,009). The stake sale to GIC now means Carlyle Group will hold off on an initial public offering for RAC Ltd for now, the statement added.
  • SINGAPORE’S industrial output grew at a slower pace than expected in August at 4.2 per cent, as expansions in the biomedical manufacturing and electronics sectors offset a contraction in transport engineering activity. Economists polled by Bloomberg before the Economic Development Board (EDB) released the data on Friday had been expecting industrial production to rise by 4.9 per cent Excluding the volatile biomedical sector – which grew 9.7 per cent last month – output would have risen by a smaller 3 per cent . The electronics cluster, which retains the largest weight of 33.4 per cent on the industrial production index, swung back from contraction mode in August. Electronics production increased 7.2 per cent, in part due to a low base last year when demand was weak for the computer peripherals segment.
  • THE Agency for Science Technology and Research (A*Star), Nanyang Technological University (NTU) and National Healthcare Group (NHG) on Friday inked a deal to collectively invest S$100 million in the Rehabilitation Research Institute of Singapore (RRIS) Speaking at the opening of the Singapore Health & Biomedical Congress 2014, Health Minister Gan Kim Yong said the institute aims to develop innovative technologies in the field of rehabilitation medicine, by leveraging the scientific, engineering and clinical expertise of its founding partners Some S$100 million will be channelled towards developing research capabilities, new technologies and strengthening the talent pipeline Key areas of study will include stroke and neurological rehabilitation, clinical robotics and biomechanics .
  • Asian shares got off to a rocky start on Friday after a sharp drop on Wall Street, which curbed enthusiasm for the dollar even after the US unit touched multi-year highs in the previous session. US stocks ended sharply lower, as Apple Inc broke under key technical levels after the tech giant withdrew an update to its new operating system. That pushed the S&P 500 to its biggest one-day decline since July. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent in early trade, poised for a weekly loss over 2 per cent..
  • TEHO International on Thursday announced that it had entered into a non-binding letter of intent with Eric Cheng and three others to acquire a full stake in ECG Property Services for S$17 million.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.850 TG 6.920, 7.000, 7.100 SL 6.750

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

26Sep
Forex Signals

IForex Market Trading Signals and News of 26 September 2014

TRADING TIPS :

  • Forex-Dollar hits fresh 4-year highs vs. rivals on U.S. optimism.
  • Forex- Pound slips lower against stronger dollar .
  • Forex-Euro slips to fresh 14-month lows vs. dollar.

EUR/USD
EUR/USD hit 1.2763 during late Asian trade, the pair’s lowest since July 2013; the pair subsequently consolidated at 1.2757, slipping 0.18%.The pair was likely to find support at 1.2754 and resistance at 1.2864, Wednesday’s high. The euro came under pressure after European Central Bank President Mario Draghi said on Wednesday that the bank will keep its monetary policy “accommodative” for as long as needed, and will use every tool at its disposal to fight deflation.Demand for the dollar found further support after a report showed that U.S. new home sales data rose 18.0% last month to 504,000 units, the highest level since May 2008.The pound had strengthened earlier in the week as investor focus returned to the outlook for U.K. monetary policy in the wake of last week’s Scottish independence referendum.

GBP/USD
GBP/USD hit 1.6276 during European morning trade, the pair’s lowest since September 18; the pair subsequently consolidated at 1.6293, shedding 0.28%.Cable was likely to find support at 1.6244, the low of September 18 and resistance at 1.6416, Wednesday’s high.The dollar found further support after a report on Wednesday showed that U.S. new home sales data rose 18.0% last month to 504,000 units, the highest level since May 2008.Earlier in the week, a report showed that the U.S. manufacturing sector expanded in September, matching the rate of growth seen in the previous month, which was the strongest in over four years.The strong data added to expectations that the Fed will hike interest rates sooner than markets are expecting.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2752-TG:1.2772/1.2802 SL 1.2722
2. Sell EUR/USD Below 1.2673-TG:1.2653/1.2623 SL 1.2703

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

26Sep

Comex Commodity Trading Signals and Market News – 26 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose in Asia on Friday in continued gains from overnight on political and economic uncertainty. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,222.80 a troy ounce, up 0.12% after hitting an overnight session low of $1,207.40 and off a high of $1,225.10.Overnight, gold futures rose as investors sought safety in the precious metal amid a global stock market meltdown, though prices moved in a whipsaw fashion thanks to hawkish comments out of the Federal Reserve that strengthened the dollar. Stock markets plunged on Thursday on news Russia may consider a proposal allowing Moscow to seize foreign assets, which spooked investors across the globe. A draft law, a response to Western sanctions slapped on the country for its alleged meddling in the Ukraine conflict, was sent to the Russian parliament Wednesday.

Crude oil prices rose in early Asia trade on Friday as political and economic uncertainty kept the commodity well bid. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $92.59 a barrel, up 0.06%, after hitting an overnight session low of $92.11 a barrel and a high of $93.54 a barrel. Brent oil rose 0.1% to $97 a barrel on ICE Futures Europe Thursday. Overnight, crude prices traded near session lows despite relatively solid U.S. data, as concerns the global economy is awash in oil watered down demand for the commodity. News Russia may consider a proposal allowing Moscow to seize foreign assets spooked investors across the globe.

Natural gas prices carried Wednesday’s gains into Thursday after updated weather-forecasting models continued to call for cooler temperatures to trek across the U.S. in October On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.32% at $3.978 per million British thermal units during U.S. trading. The commodity hit a session low of $3.886, and a high of $3.995.The November contract settled up 2.48% on Wednesday to end at $3.965 per million British thermal units. Natural gas futures were likely to find support at $3.845 per million British thermal units, Tuesday’s low, and resistance at $4.100, the high from Sept. 17.

Crude prices edged higher on Wednesday on the coattails of upbeat U.S. inventory data, though concerns the world is awash in oil at a time when global demand remains soft sent futures dipping into negative territory at times. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded up 0.22% at $91.76 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.13 a barrel and a high of $92.11 a barrel.

RECOMMENDATION :

  • BUY GOLD ABOVE 1227 TGT 1231,1236 SL 1222
  • SELL GOLD BELOW 1220 TGT 1216,1211 SL 1225

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

26Sep
sgx 26 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 26 September 2014

MARKET UPDATES :

  • Singapore shares fell on Thursday with the benchmark Straits Times Index down 1.82 points to close at 3,290.99. Volume was 1.26 billion shares worth S$701.3 million. Losers outnumbered gainers 212 to 195.
  • SINGAPORE’S total population stood at 5.47 million in June 2014, up 1.3 per cent from June 2013, making it the slowest growth rate in the last decade.According to the 2014 Population in Brief publication issued by the National Population and Talent Division (NPTD) on Thursday, there are 3.34 million Singapore citizens as at end June 2014. This is up from the 3.31 million in the previous year. The permanent resident population slipped marginally to 527,700 from 531,200 previously. Resident population was at 3.87 million, up from 3.84 million. Non-residents comprising individuals holding work passes, dependants and international students made up 1.60 million, up from 1.55 million.
  • THE Central Provident Fund (CPF) Board said on Thursday it will be lowering the cost of investing under the CPF Investment Scheme (CPFIS) by reducing the limits on the total expense ratio (TER) for unit trusts and investment- linked insurance products by 0.2 per cent to 0.3 per cent. TER refers to the ongoing costs of operating a fund, expressed as a percentage of the fund’s average net asset value. The costs include investment management fees, trustee fees, as well as audit fees. The TER caps for lower risk funds such as money market products under the CPFIS, for example, will drop from 0.65 per cent to 0.35 per cent. Higher risk funds such as equities will go down from the current 1.95 per cent to 1.75 per cent.
  • THE 44 properties sold through auctions last year and this year, 80 per cent were successfully hammered upon their first appearance, JLL said on Thursday. These include the two largest auction transactions so far this year. One transaction comprised four strata office units in Orchard Shopping Centre, which fetched S$8.55 million in March; the other was a freehold residential development site in Brighton Crescent which sold for S$9.1 million on Wednesday at an auction conducted by Colliers International. JLL said nine properties have been sold at auctions so far this quarter for a total S$30.46 million. This compares with nine properties transacted for a total S$9.28 million in Q2 this year.
  • ZURICH Life Singapore has appointed Jamie McNish to the newly created position of chief sales officer effective Dec 15, 2014. Mr McNish will oversee all distribution related activities for the expatriate and local Financial Advisor channels as well as banks. He will report directly to Peter Huber, CEO of the company’s Life business in SingaporeSaid Mr Huber: “This further strengthening of Zurich’s distribution team is a clear demonstration of the progress we have made in deepening our leadership position in the market using our multi-distribution strategy. I am delighted to welcome Jamie to our growing team, and I am confident that his extensive experience in the insurance and wealth management space will greatly enhance our network and presence in Singapore
  • SINO Construction Limited intends to make an off-market takeover bid for Australian-listed Guildford Coal (GUF). The takeover bid will be made at a bid price of A$0.0613 (approximately S$0.069) per GUF share. The consideration will be satisfied via an allotment and issue of one new ordinary share in Sino Construction for every 4.5 GUF Shares. Based on the issued and paid-up share capital of GUF, up to 229,639,650 new shares may be issued as the consideration for the takeover bidThis takeover bid follows the group entering non-binding terms with GUF to acquire all of the latter’s portfolio of coal assets in Australia for a total consideration of US$25 million and a payment of ongoing royalty. The management of Sino Construction is now of the view that it is more advantageous to acquire all of GUF’s assets, including its coal producing assets in Mongolia, said Sino Construction on Thursday .
  • The family behind home-grown developer and construction firm Lee Kim Tah Holdings is taking the company private in a S$1.08 per share takeover offerThrough the investment vehicle Lee Kim Tah Investments founded by the late chairman Lee Kim Tah, the Lee family already owns 71.34 per cent of the group.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 7.000 TG 7.070, 7.160, 7.260 SL 6.900

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

25Sep

Comex Commodity Trading Signals and Market News – 25 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures fell on Wednesday after the greenback advanced on news that far more new homes were sold in the U.S. last month than expected. Gold and the greenback tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,217.60 a troy ounce during U.S. trading, down 0.36%, up from a session low of $1,216.30 and off a high of $1,226.70.The December contract settled up 0.34% at $1,222.20 on Tuesday. The Census Bureau reported earlier that U.S. new home sales data rose 18.0% last month to 504,000 units, far surpassing expectations for a 4.4% gain to 430,000 units.

Natural gas prices rose on Wednesday after updated weather-forecasting models called for warm weather in the near term and potentially chilly temperatures in October. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 1.63% at $3.932 per million British thermal units during U.S. trading. The commodity hit a session low of $3.846, and a high of $3.936.The November contract settled down 1.00% on Tuesday to end at $3.869 per million British thermal units. Natural gas futures were likely to find support at $3.846 per million British thermal units, the session low, and resistance at $3.959, Tuesday’s high.

Crude prices edged higher on Wednesday on the coattails of upbeat U.S. inventory data, though concerns the world is awash in oil at a time when global demand remains soft sent futures dipping into negative territory at times. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded up 0.22% at $91.76 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.13 a barrel and a high of $92.11 a barrel. The November contract settled up 0.76% at $91.56 a barrel on Tuesday.

Crude oil futures edged higher on Wednesday, but gains were expected to remain limited as ample supplies and weak economic data from the euro zone overshadowed geopolitical tensions in the Middle East. On the New York Mercantile Exchange, crude oil for delivery in November traded at $91.66 a barrel during European morning trade, up 0.10%.Prices gained 0.76% on Tuesday to settle at $91.56. Iraq and Nigeria are reportedly stepping up exports, adding more oil to the market, while output at Libya has rebounded as well.

RECOMMENDATION :

  • BUY GOLD ABOVE 1217 TGT 1221,1225 SL 1212
  • SELL GOLD BELOW 1210 TGT 1214,1218 SL 1205

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

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