Comex Market

16Jul

Comex Trading Signals and Market News – 16 July 2015

INTERNATIONAL COMMODITY NEWS :

  • WTI oil futures inch lower ahead of weekly supply data .
  • Copper prices rose on Wednesday, boosted by upbeat Chinese second quarter growth data. Official data released earlier showed that China’s economy grew 7.0% in the second quarter, steady with the previous quarter and slightly better than analysts’ forecasts for growth of 6.9%.
  • Gold gains slightly in Asia as China GDP, retail sales better than seen .
  • Goldman Sachs Sees Iran Deal As Downside Risk To Oil Price Forecast .

ECONOMY NEWS :

  • China’s GDP grew at 7 percent for the second quarter, according to official figures released on Tuesday — defying predictions that it might fall below that level for the first time in over a decade.
  • Greece’s Parliament votes on austerity measures .
  • Federal Reserve Chair Janet Yellen goes to Congress .

TRADING STRATEGY :

  • BUY GOLD ABOVE 1149 TARGET 1154 1160 SL 1143
  • SELL GOLD BELOW 1144 TARGET 1139 1133 SL 1150

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

15Jul

Comex Trading Signals and Market News – 15 July 2015

INTERNATIONAL COMMODITY NEWS :

  • NYMEX crude weaker in Asia as U.S. stockpiles, Iran eyed .
  • Gold declines ahead of U.S. retail sales data, Yellen in focus .
  • Oil prices tumble as Iran, global powers reach nuclear deal .
  • Copper under pressure as markets brace for gloomy China GDP data .
  • Oil futures tumbled sharply on Tuesday, after an Iranian diplomat confirmed that a historic nuclear agreement between Tehran and the West was reached in Vienna.

ECONOMY NEWS :

  • Market players looked ahead to U.S. retail sales data later in the session for further indications on the strength of the economy and the timing of an interest rate hike. The Commerce Department is expected to report that retail sales rose by 0.2% in June, after rising 1.2% in May. Core sales are forecast to gain 0.5%, after increasing 1.0% in May.
  • Iran and six world powers reached a long-awaited nuclear deal that would end sanctions on Tehran in exchange for curbs on the country’s disputed nuclear program after more than two weeks of negotiating in Vienna early on Tuesday.

TRADING STRATEGY :

  • SELL GOLD BELOW 1153 TARGET 1148 1142 SL 1159
  • BUY GOLD ABOVE 1157 TARGET 1162 1168 SL 1151

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

14Jul

Comex Trading Signals and Market News – 14 July 2015

INTERNATIONAL COMMODITY NEWS :

  • PRECIOUS-Gold slips on dollar after Greek debt deal, U.S. rate rise signals
  • Oil futures down more than $1 ahead of possible Iran nuclear deal
  • Oil tumbles as Iran nuclear deal looms
  • Gold turns lower after Greece reaches bailout deal
  • India oil ministry sees 2015/16 upstream subsidy at 50-60 bln rupees
  • Russia Sokol crude premium drops to over 3-yr low -trade

ECONOMY NEWS :

  • India cbank says banks’ cash balances at 3.56 trln rupees
  • Euro zone leaders reach agreement on Greece
  • India cbank to conduct 2-day variable rate reverse repo auction for 150 bln rupees
  • Modi to meet chief ministers to discuss controversial India land bill
  • Putin says Greece has not asked Russia for aid

TRADING STRATEGY :

  • BUY GOLD ABOVE 1158 TARGET 1163 1169 SL 1152
  • SELL GOLD BELOW 1154 TARGET 1149 1143 SL 1160

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

13Jul

Comex Trading Signals and Market News – 13 July 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil futures climb on Chinese market rebound
  • Gold futures edge higher as dollar weakens, eyes on Greece .
  • NYMEX crude gains in Asia as investors eye China stocks, geopolitics
  • Gold prices dip in early Asia as market weighs prospects for Greece deal
  • WTI crude halts six-day skid as Iran talks continue, China concerns fade
  • Natural gas futures tumble to 4-week low after bearish storage data

ECONOMY NEWS :

  • Aeromexico at heart of Mexico collusion probe – sources
  • IMF lowers global growth forecasts, cites U.S. weakness
  • Fed’s Brainard cites need for biggest U.S. banks to shrink
  • China stems stocks rout, but market faces lengthy hangover
  • Japan’s Abe: will work with G7, other countries on Greece crisis

TRADING STRATEGY :

  • BUY GOLD ABOVE 1165 TARGET 1170 1178 SL 1158
  • SELL GOLD BELOW 1159 TARGET 1154 1146 SL 1166

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

10Jul

Comex Trading Signals and Market News – 10 July 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold down in Asia after China prices data, copper jumps .
  • NYMEX crude gains in Asia as China prices gain, PBOC supports shares.
  • UPDATE 2-Russia’s Rosneft signs deal to buy into India’s Essar Oil
  • UPDATE 6-Oil prices bounce on gasoline demand, economic data
  • Asia Coffee-Weak Vietnam sales may boost Indonesia’s exports
  • Gold climbs from 4-month low on Fed minutes, Chinese recovery

ECONOMY NEWS :

  • India not planning to issue cash management bills as of now – officials
  • Chinese investors bought around $1 bln of Russian govt bonds – Russia
  • India’s two-speed inflation strains country’s indebted companies
  • Beijing, Moscow discuss oil and gas exploration in Arctic – Chinese official
  • Aid to Greece not a subject for BRICS summit – Russian economy minister

TRADING STRATEGY :

  • BUY GOLD ABOVE 1163 TARGET 1168 1174 SL 1157
  • SELL GOLD BELOW 1158 TARGET 1153 1147 SL 1164

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

9Jul

Comex Trading Signals and Market News – 09 July 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fall as China share crisis worsens, traders hedge for further drops
  • U.S. soybeans struggle near 1-week low on upbeat crop prospects
  • WTI oil futures trade below $52 ahead of weekly supply data
  • Gold drops to 4-month low with Greece, China in focus
  • Copper melt-down continues amid China stock market bloodbath
  • Oil under $60 beyond 2016 suggests market rethinking shale

ECONOMY NEWS :

  • China June trade seen contracting again, lending to quicken
  • Greece and China expose limits of ‘whatever it takes’
  • Greece has five days to draft reforms to meet creditor nod, EU execs
  • Corzine, others settle MF Global lawsuit for $64.5 million
  • U.S. banks post detailed crisis plans to avoid breakup threat

TRADING STRATEGY :

  • BUY GOLD ABOVE 1160 TARGET 1165 1171 SL 1154
  • SELL GOLD BELOW 1155 TARGET 1150 1144 SL 1161

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

8Jul

Comex Trading Signals and Market News – 08 July 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil rises after huge selloff, outlook weak
  • Crude oil futures struggle to recover from Monday’s massive sell-off
  • Gold struggles for direction ahead of euro zone summit on Greece
  • Copper extends losses to 5-month low on Greece, China jitters
  • Gold dips below $1,170 despite Greek debt crisis
  • Crude oil futures higher during the Asian session

ECONOMY NEWS :

  • Inflation priority makes India’s RBI prepare to mop up liquidity
  • India cbank sets 7.26 pct cut-off at 14-day variable rate repo auction
  • Emerging Markets Economic Events to July 21
  • Russia’s Putin, IMF’s Lagarde discuss Greece on phone
  • BRICS summit gives Putin a chance to show Russia not isolated

TRADING STRATEGY :

  • SELL GOLD BELOW 1151 TARGET 1146 1140 SL 1157
  • BUY GOLD ABOVE 1156 TARGET 1161 1167 SL 1150

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

7Jul

Comex Trading Signals and Market News – 07 July 2015

INTERNATIONAL COMMODITY NEWS :

  • PRECIOUS-Gold falls on dollar, Greek vote fails to spark strong demand
  • 6-Oil falls on Greece vote, China stock market turmoil
  • Copper futures slump to 5-month low on Greece jitters
  • Crude oil futures tumble to 12-week low after Greece votes ‘No’
  • Gold futures struggle for direction amid Greece uncertainty
  • Gold’s safe-haven gains from Greece fizzle on robust dollar auction

ECONOMY NEWS :

  • OECD upgrades Bangladesh country rating by one notch
  • India cbank to conduct overnight variable rate reverse repo auction for 200 bln rupees
  • Greek Finance Minister Yanis Varoufakis resigns
  • Emerging Markets Economic Events to July 15
  • RBI sold 5.45 bln rupees of bonds under open market operation in week to June 27

TRADING STRATEGY :

  • SELL GOLD BELOW 1166 TARGET 1161 1155 SL 1172
  • BUY GOLD ABOVE 1170 TARGET 1175 1181 SL 1164

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

6Jul

Comex Trading Signals and Market News – 06 July 2015

INTERNATIONAL COMMODITY NEWS :

  • 6-Oil drops on rising U.S. rig count
  • Natural gas futures higher during European trade
  • Crude oil futures higher in Asian trading hours
  • Gold futures higher in Asian trade
  • Oil prices drop on rising US rig count, China stock market probe
  • NYMEX crude down in Asia as investors cautious ahead of Greek referendum .

ECONOMY NEWS :

  • China hunts for ‘manipulators’ as stocks tumble .
  • Russia hasn’t offered Greece BRICS bank membership.
  • India to spend $8 bln to boost irrigation, reduce dependence on monsoon
  • Asia Pacific ex-Japan H1 loans fall 15 pct amid economic slowdown .
  • Across Bulgaria border, fear and gloating over Greek crisis .

TRADING STRATEGY :

  • BUY GOLD ABOVE 1170 TARGET 1175 1181 SL 1166
  • SELL GOLD BELOW 1165 TARGET 1160 1154 SL 1171

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

3Jul

Comex Trading Signals and Market News – 03 July 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold at 4-week low on strong dollar ahead of U.S. payrolls data
  • Asia oil refining margins hit 2015 low, Mideast supply to drag
  • Sri Lanka suspends fuel contracts worth millions
  • Asia Coffee-Vietnamese sales slow, Indonesia’s exports up
  • South Korea turns to cheap spot crudes as glut grows

ECONOMY NEWS :

  • Greece shuts banks, imposes capital controls as crisis deepens .
  • Indian cbank says willing to let foreigners hold more govt debt
  • Asia Pacific ex-Japan H1 loans fall 15 pct amid economic slowdown
  • Indian govt close to appointing new heads of state-run banks – Rajan
  • Emerging Markets Economic Events to July 15
  • China parliament ratifies BRICS Bank agreement

TRADING STRATEGY :

  • BUY GOLD ABOVE 1167 TARGET 1172 1178 SL 1161
  • SELL GOLD BELOW 1164 TARGET 1159 1153 SL 1170

For more information about Commodity Market Trading or Signals, please visit EPIC RESEARCH SINGAPORE.

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