2Sep

Comex Commodity Trading Signals and Market News – 02 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held flat in Asia on Tuesday with Russia in focus, but overall thin tade with U.S. markets shut for a holiday overnight. Gold for December delivery traded at $1,287.50 a troy ounce, up 0.01%, after ending last week at $1,288.20 a troy ounce on the Comex division of the New York Mercantile Exchange.U.S. officials are working closely with the European Union to keep their Russia sanctions programs aligned in timing and severity. Overnight, the Russian ruble hit a fresh record low against the dollar as U.S. officials are working closely with the European Union to keep their Russia sanctions programs aligned in timing and severity. European Council President Herman Van Rompuy said the bloc wouldn’t set out specific criteria for triggering fresh sanctions but said there was “determination” to ensure Russia paid an appropriate price for heightening tensions.Monetary policy announcements by central banks in Australia, Japan, Canada and the U.K. will also be awaited.

Crude oil prices fell in Asia early Tuesday in thin trade after U.S. markets were shot overnight for a public holiday and with supply data on U.S. stocks to be delayed by a day as a result. On the New York Mercantile Exchange, crude oil for delivery in October traded at $95.76 a barrel, down 0.21%, after settling Monday in electronic trade at $95.71 a barrel, down 0.26%. Overnight, the Russian ruble hit a fresh record low against the dollar as U.S. officials are working closely with the European Union to keep their Russia sanctions programs aligned in timing and severity. Existing sanctions have so far not disrupted oil exports from Russia, the world’s second-largest oil exporter European Council President Herman Van Rompuy said the bloc wouldn’t set out specific criteria for triggering fresh sanctions but said there was “determination” to ensure Russia paid an appropriate price for heightening tensions

Natural gas prices edged higher on Friday as updated weather-forecasting models called for warm temperatures for a good portion of the U.S. in the coming week, which should maintain demand for air conditioning.On the New York Mercantile Exchange, natural gas futures for delivery in October were up 0.28% at $4.056 per million British thermal units during U.S. trading. The commodity hit a session low of $4.012, and a high of $4.067. Weather forecasting models have called for above-normal temperatures to settle over the eastern U.S., though intensity of the forecasts has fluctuated at times.

TRADING STRATEGY :

  • SELL GOLD 1279 BELOW TGT 1275,1270 SL 1284
  • BUY GOLD ABOVE 1284 TGT 1288,1292 SL 1279

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

Share this Story

About epicsingapore

Leave a Reply

Your email address will not be published. Required fields are marked *

*

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.