17Sep
Forex Signals

IForex Market Trading Signals and News of 17 September 2014

TRADING TIPS :

  • Forex-GBP/USD slides lower after U.K. CPI data.
  • Forex- AUD/USD falls near 6-month lows after RBA minutes.
  • Forex-Dollar remains broadly supported, Fed meeting on tap.

EUR/USD
EUR/USD was steady at 1.2945, remaining supported above the 14-month low of 1.2858 reached one week ago The pair was likely to find support at the 1.2900 level and resistance at around 1.2975.The euro showed little reaction after a report showed that the ZEW index of German economic sentiment fell to 6.9 this month, down from 8.6 in August.The gauge of current conditions dropped to 25.4 from 44.3 in August.The ZEW Institute said the fall was due to growing uncertainty over Germany’s economic outlook as a result of sanctions against Russia, and the subdued outlook for the euro zone economy.

GBP/USD
GBP/USD hit 1.6168 during European morning trade, the pair’s lowest since September 10; the pair subsequently consolidated at 1.6175, sliding 0.36%.Cable was likely to find support at 1.6050, the low of September 10 and a ten- month low and resistance at 1.6278, Monday’s high.Official data showed that U.K. consumer price inflation rose . 0.4% in August, in line with market expectations, after a 0.3% fall the previous month.On a year-on-year basis, U.K. CPI slowed to 1.5% last month from 1.6% in July.U.K. core CPI, which excludes food, energy, alcohol, and tobacco, rose 1.9% last month, up from 1.8% in July. Analysts had expected core prices to rise 1.8% in August.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2951-TG:1.2971/1.3001SL 1.2931
2. Sell EUR/USD Below 1.2929-TG:1.2909/1.2879 SL 1.2959

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

17Sep

Comex Commodity Trading Signals and Market News – 17 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose on Tuesday in subdued trading as investors wanted to ditch neither gold nor the dollar until the Federal Reserve releases its statement on monetary policy on Wednesday. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,237.40 a troy ounce during U.S. trading, up 0.19%, up from a session low of $1,232.60 and off a high of $1,242.60. The December contract settled up 0.29% at $1,235.10 on Monday. Futures were likely to find support at $1226.30 a troy ounce, Monday’s low, and resistance at $1,279.20, last high from Sept. 4.

Crude oil prices in Asia declined on Wednesday despite a steep drop in U.S. stocks reported in the U.S. overnight by an industry survey. The American Petroleum Institute showed a 3.3-million-barrel increase in crude stocks last week, a 1.2-million-barrel draw from gasoline supplies and a 1-million-barrel build in distillate inventories. analysts expected the U.S. Department of Energy to report a 1.614 million barrel draw in crude stocks, a build of 486,000 barrels in distillates and a drop of 257,000 barrels in gasoline stocks. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $93.66 a barrel, down 0.17%, after hitting an overnight session low of $91.53 a barrel and a high of $94.09 a barrel.

Natural gas prices remained in positive territory on Tuesday, buoyed by U.S. weather forecasts for both warm and cool temperatures that should drive demand for both air conditioning and heating, respectively. On the New York Mercantile Exchange, natural gas futures for delivery in October were up 0.93% at $3.968 per million British thermal units during U.S. trading. The commodity hit a session low of $3.863, and a high of $3.977. The October contract settled up 1.92% on Monday to end at $3.931 per million British thermal units.

Oil prices shot up in U .S. trading on Tuesday amid reports that global oil cartel OPEC may trim output, while talk of fresh fighting in Libya also boosted prices. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded up 1.78% at $93.63 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.53 a barrel and a high of $94.09 a barrel. Nymex oil futures were likely to find support at $89.76 a barrel, Monday’s low, and resistance at $95.91 a barrel, the high from Sept. 2

RECOMMENDATION :

  • BUY GOLD ABOVE 1240 TGT 1244,1249 SL 1235
  • SELL GOLD BELOW 1232 TGT 1228,1224 SL 1237

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

16Sep
sgx 17 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 17 September 2014

MARKET UPDATES :

  • SINGAPORE shares ended 1.2 per cent lower on Tuesday.The Straits Times Index fell by 39.85 points to close at 3,272.62. Some 1.54 billion shares valued at S$1.27 billion changed hands. Losers beat gainers 396 to 87.
  • EZION Holdings secured yet another contract to provide a service rig to support a regional national oil company. The US$76 million contract is over a three-year period and comes with extension options. The rig expected to be deployed and working in the South-east Asian waters by end 2016. OCBC announced the buy back of 100,000 shares on Monday after market closed at the price of S$9.76, taking its total shares purchased to date by way of market acquisition to more than 8.6 million, forming 0.25 per cent of company’s issued shares, excluding treasury shares.
  • OCBC announced the buy back of 100,000 shares on Monday after market closed at the price of S$9.76, taking its total shares purchased to date by way of market acquisition to more than 8.6 million, forming 0.25 per cent of company’s issued shares, excluding treasury shares. The bank, which has been re-appointed as the Baby Bonus Bank – a role assumed since 2008 – said the protection plan will be more affordable and targeted at addressing the needs of new parents . MaxMaternity Care is a three-year policy that aims to protect the expectant mother against maternity complications from as early as the 13th week of pregnancy, and to continue protecting the newborn against congenital illnesses until the policy matures,” OCBC said.
  • THE Public Transport Tripartite Committee (PTTC) has outlined the guidelines on good employment practices that will be required of public bus operators as Singapore prepares for changes to its public bus transport system. This comes after the government announced earlier this year a planned shift to a bus contracting model where the government would own the buses and bus infrastructure, while routes will be contracted out for operators to run. Operators will be paid a fee for their service while the government will retain fare revenue.All bus routes will be progressively tendered out in packages, starting with three packages in 2014/2015, which could see new operators joining incumbents SMRT and SBS Transit.
  • INDUSTRIAL and Commercial Bank of China (ICBC) on Tuesday said its Singapore branch has issued a total of four billion yuan (S$821.4 million) of “Lion City” hybrid bonds, with two of the three tranches being dual listed on the Singapore Exchange (SGX) and the GreTai Securities Market (GTSM).This is the biggest Lion City bond issuance to date, breezing past the previous two billion yuan record ICBC had set in 2013. It is also the first time a Chinese bank has issued dual-listed tranches.The four billion yuan hybrid bond issue was priced in three tranches; one for two-year bonds to raise two billion yuan, a second for five-year bonds to raise 700 million yuan, and the final for seven-year bonds to raise 1.3 billion yuan.The bonds were priced with a coupon of 3.5 per cent, 3.7 per cent, and 3.95 per cent respectively.
  • BUREAU Veritas, a testing, inspection and certification agency, announced on Tuesday that it has acquired a 70 per cent stake in Singapore consultancy CKM Consultants Pte Ltd.The acquisition of the engineering and construction services firm will pave the way for the Euronext Paris-listed Bureau Veritas to take part in Singapore’s public-sector construction projects and to expand into private-sector projects in the longer term, it said. The partnership follows CKM Consultants’ clinching of a S$26 million contract to perform comprehensive “qualified-person supervision” – a supervisory service it has been accredited to perform – on four stations of the upcoming Thomson Line. The railway line is expected to open in phases from 2019. Bureau Veritas believes that the acquisition will enable it to inject its global practices into its Singapore partner, as well as bring CKM’s expertise to overseas markets, especially in South-east Asia.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.600 TG 9.680, 9.780, 9.900 SL 9.500

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

16Sep

Comex Commodity Trading Signals and Market News – 16 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped in Asia on profit taking and ahead of a key Federal Reserve announcement on monetary policy this week.On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,233.50 a troy ounce, down 0.13%, after hitting an overnight session low of $1,226.40 and off a high of $1,239.00. Overnight, gold prices rose after mixed U.S. data gave investors room to snap up nicely-priced positions in the commodity. In a report, the Federal Reserve Bank of New York said that its general business conditions index increased to a five-year high of 27.5 this month from 14.7 in August. Analysts had expected the index to rise to 16.0 in September A separate report showed that U.S. industrial production fell 0.1% last month, disappointing forecasts for a 0.3% gain. Industrial production for July was revised down to a gain of 0.2% from a previously reported increase of 0.4%.

Crude oil prices eased ahead of industry data on U.S. stocks and as a weak demand profile against ample supplies continued to weigh.On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $91.89 a barrel, down 0.11%, after hitting an overnight session low of $89.90 a barrel and a high of $91.83 a barrel. The global Brent oil contract on the ICE Futures Europe exchange fell 0.5% to $96.65 a barrel, the lowest settlement since June 28, 2012. Brent is down 17% from the 2014 high reached in mid-June. The October Brent contract expired with the close of trading Monday.

Oil prices rose in U .S. trading on Monday after mixed data weakened the U.S. dollar, though soft Chinese factory data capped oil’s gains. The November contract settled down 0.53% at $91.37 a barrel on Friday.

Natural gas prices rose on Monday after updated weather-forecasting models called for seasonably warm temperatures across the southern U.S., which should boost demand for air conditioning. natural gas futures for delivery in October were up 1.44% at $3.913 per million British thermal units during U.S. trading. The commodity hit a session low of $3.840, and a high of $3.952. The October contract settled up 0.89% on Friday to end at $3.857 per million British thermal units. light sweet crude oil futures for delivery in November were up 0.27% at $91.62 a barrel, while heating oil for October delivery were up 0.13% at $2.7441 per gallon.

Copper futures started the week lower on Monday, after data showed that China’s factory output grew at the weakest pace in nearly six years in August, adding to concerns over a slowdown in the world’s second largest economy.

RECOMMENDATION :

  • BUY GOLD ABOVE 1238 TGT 1242,1247 SL 1233
  • SELL GOLD BELOW 1232 TGT 1228,1223 SL 1237

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

16Sep
forex-trading3

IForex Market Trading Signals and News of 16 September 2014

TRADING TIPS :

  • Forex-Dollar holds near 14-month peak ahead of Fed meeting.
  • Forex-Euro lower as China slowdown fears weigh.
  • Forex-Dollar holds near 14-month peak ahead of Fed meeting.

USD/JPY
USD/JPY held steady, just below six-year highs at 107.25 as the diverging monetary policy stance between the Fed and the Japanese central bank continued to pressure the yen lower.The yen came under pressure last week after Bank of Japan Governor Haruhiko Kuroda said that the bank would be prepared to immediately loosen monetary policy or implement other measures if its 2% inflation target becomes difficult to meet.The euro fell against the dollar, to trade close to 14-month lows with EUR/USD down 0.32% to 1.2924.Market sentiment weakened after data on Saturday showed that Chinese industrial output slowed sharply last month.

GBP/USD
GBP/USD dipped 0.10% to 1.6249, but remained comfortably supported above the 10-month lows of 1.6050 struck last Wednesday. Cable was likely to find support at around 1.6185 and resistance at about 1.6280.The latest opinion polls on the Scottish independence referendum indicated that the outcome of the vote is too close to call.Concerns over the prospect of a yes vote sparked a selloff in the pound last week after polls indicated that support for the yes vote had edged into the lead for the first time since the start of the pro-independence campaign.Uncertainty over what currency an independent Scotland would use, as well as concerns over how much of the U.K. national debt it would take on have rattled financial markets.

RECOMMENDATION :

1. Buy USD/JPY Above 107.47-TG:107.67/107.97 SL 107.17
2. Sell USD/JPY Below 106.80-TG:106.60/106.30 SL 107.10

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

15Sep
sgx 16 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 16 September 2014

MARKET UPDATES :

  • Singapore’s Ministry of Manpower released detailed unemployment data for the second quarter of 2014 on Monday. The final second quarter jobless rate of 2.0 per cent was unchanged from the preliminary estimate released on July 31. Total employment rose by 27,700 in the second quarter of 2014, compared to a gain of 33,700 in the same quarter a year ago and a gain of 28,300 in the first quarter of 2014. This brought total employment to 3,549,900 in June 2014, up 3.8 percent from a year ago.
  • RETAIL sales rose 5.5 per cent year-on-year in July, lifted by sales of motor vehicles. But without motor vehicles, sales would have dipped 0.4 per cent. The total retail sales value for July was estimated at S$3.2 billion, up from S$3 billion in the corresponding month a year earlier, according to a release from the Department of Statistics on Monday During the month of July, sales of motor vehicles surged by as much as 41 per cent year-on-year. Sales of department stores (5.6 per cent) and supermarkets (5 per cent) were also higher. Meanwhile, categories which saw year-on-year falls include furniture and household equipment, which was down 6.5 per cent, as well as recreational goods, which was down 6.1 per cent.
  • SINGAPORE shares ended 0.99 per cent lower on Monday. The Straits Times Index fell by 33.08 points to close at 3,312.47 . Some 1.35 billion shares valued at S$909.2 million changed hands. Losers beat gainers 356 to 96.
  • The unemployment rate in Singapore remained low amid the tight labour market in the first half of 2014, said the Manpower Ministry (MOM) on Monday. The seasonally adjusted citizen unemployment rate was 2.9 per cent in June this year, while the resident long-term unemployment rate remained among the lowest globally at 0.6 per cent, said the ministry in a statement on the latest labour market developments. Foreign employment growth continued to slow in the first half of 2014. The 3,800 foreign workers added was the lowest since the 700 in the third quarter of 2009, contributing to lower year-on-year total employment growth of 3.8 per cent in June.
  • SINGAPORE’S National Environment Agency (NEA) . expects hotspots to persist and the 24-hour Pollutant Standards Index (PSI) here to fluctuate between the high-end of the “moderate” range and the low-end of the “unhealthy” range for the rest of the day. This can be expected given the continued dry weather in southern Sumatra. Singapore experienced elevated levels of PM2.5 from 10pm on Sunday to 7am on Monday, affecting mainly the western region which saw the 24-hour PSI enter the “unhealthy” range at 6am this morning. As at 9am on Monday, the reading stood at 105 in the western region and 78-84 elsewhere. (A PSI reading of between zero and 50 refers to good air quality, while a reading of between 51 and 100 means air quality is in the moderate range. Air quality with a PSI reading above 100 is considered unhealthy)
  • RISING costs, shortage of skilled workers and flagging customer demand are top concerns among Singapore businesses which are investing in their talent pool and information technology to overcome these hurdles, according to a recent survey The UOB Asian Enterprise Survey 2014 – on the impact of trade flows on Asian businesses’ regional expansion – noted that while Singapore firms are looking beyond the shores for growth, they are also tackling major challenges on To overcome the labour and skills shortfall, businesses are innovating with productivity-related investments which the survey said will capture about 50 per cent of their total investments. the home front. Some of the demographic challenges include a low birth rate and an ageing population. This translates to a smaller base of working-age citizens which has led many corporations to depend on overseas labour.
  • Asian markets retreated Monday, led by Hong Kong after data at the weekend showed Chinese industrial output expanded in August at its slowest rate since the global financial crisis. Wall Street provided a negative lead after another round of solid indicators fanned expectations the Federal Reserve will hike interest rates sooner than later. The pound edged lower as investors grow jittery about Thursday’s knife-edge Scottish independence referendum, which could see the country break away from the United Kingdom. Hong Kong slipped 0.76 per cent and Shanghai eased 0.18 per cent, Sydney lost 0.63 per cent and Seoul was 0.32 per cent lower.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.350 TG 43.550, 43.800, 44.200 SL 43.10

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

15Sep

Comex Commodity Trading Signals and Market News – 15 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell early in Asia on Monday as demand prospects waned with expectations that the U.S. Federal Reserve could raise interest rates within the first half of 2015.On the Comex division of the New York Mercantile Exchange, goldfor December traded at $1,228.60 a troy ounce, down 0.24%, after hitting a session low of $1,228.10 a troy ounce on Friday, a level not seen since Jan. 9.Prices recovered on Friday to settle at $1,231.50, down $7.50, or 0.61%.The data came after a government report showed that U.S. retail sales rose 0.6% last month, in line with expectations.

Crude oil prices fell sharply in Asia on Monday with the drop spurred by weak demand amid ample global supplies .On the New York Mercantile Exchange, crude oil for delivery in October traded at $90.36 a barrel, down 1.11%, after closing Friday down 0.6% to end the week at $92.27 a barrel. Last week, crude oil futures revisited levels close to multi -month lows as ample global supplies and concerns about a slowdown in demand continued to weigh. On the ICE Futures Exchange in London, Brent Oil for October delivery slumped 0.99% on Friday to settle at $97.11 a barrel by close of trade.

• U.S. natural gas futures clawed back from the previous session’s sharp losses on Friday, as concerns over tropical storm activity in the Gulf of Mexico prompted traders to return to the market and seek cheap valuations. On the New York Mercantile Exchange, natural gas for delivery in October tacked on 3.4 cents, or 0.89%, to settle at $3.857 per million British thermal units by close of trade on Friday. A day earlier, natural gas prices plunged 13.1 cents, or 3.31%, to end at $3.823.

• The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran. But as rising supplies of North American crude and tepid demand have pushed prices below $100 a barrel, the move underlies how the shale oil revolution is creating a political and economic advantage for Washington and its Western allies. Russia and Iran are heavily reliant on oil sales and face budget shortages at current price levels, analysts say, weakening their position when negotiating over Ukrainian sovereignty or the Iranian nuclear deal.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TGT 1244,1249 SL 1235
  • SELL GOLD BELOW 1230 TGT 1226,1221 SL 1235

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

15Sep

IForex Market Trading Signals and News of 15 September 2014

TRADING TIPS :

  • Forex-Dollar holds near 14-month highs, U.S. data in focus.
  • Forex-Dollar extends gains on rate hike prospects.
  • Forex-EUR/USD gains as dollar rally takes a breather.

USD/JPY
USD/JPY was 0.17% at 107.28, up from a session low of 106.97 and off a high of 107.40.The pair was expected to test support at 104.67, last Friday’s low, and resistance at 108.0, the high from Sept. 19, 2008.The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to a 14-month high of 84.6 this month from 82.5 in August. Analysts had expected the index to rise to 83.3 in September.The report came after official data showed that U.S. retail sales rose 0.6% last month, in line with expectations. Retail sales for July were revised to a 0.3% gain from a previously estimated flat reading.Friday’s data fueled already growing expectations that the Federal Reserve will hike interest rates earlier than markets were expecting, with tightening seen taking place now in mid-2015

GBP/USD
GBP/USD hit 1.6218 during European morning trade, the session high; the pair subsequently consolidated at 1.6247, inching up 0.06%.Cable was likely to find support at 1.6168, the low of September 7 and a 10-month low and resistance at 1.6339, the high of September 5.Markets shrugged off official data showing that U.K. construction output was flat in July, compared to expectations for a 0.7% rise, after an increase of 1.2%.Meanhile, demand for the dollar continued to be underpinned by expectations for an early hike in U.S. interest rates, despite data on Thursday showing that U.S. Jobless claims rose more than expected last week.A study by the San Francisco Fed published on Monday indicated that central bank officials see rates rising sooner than markets expect.

RECOMMENDATION :

1. Buy USD/JPY Above 107.47-TG:107.67/107.97 SL 107.17
2. Sell USD/JPY Below 106.60-TG:106.40/106.10 SL 106.90

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

15Sep
sgx 15 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 15 September 2014

MARKET UPDATES :

  • POPULAR Holdings on Friday reported a 76.8 per cent increase in net profit to S$9.4 million for its first quarter ended July31, 2014. Its turnover rose 5.9 per cent to S$141.4 million, thanks to higher revenue from its retail, distribution, publishing and e- Learning divisions. Earnings per share improved 81.5 per cent to 1.18 Singapore cents, from 0.65 Singapore cents a year ago.
  • Pan Ocean said on Friday it would sell its near 85 per cent stake in Heungkuk Mutual Saving Bank for 2.2 billion won (S$2.7 million) to Investor United Inc. The company said this followed a breakdown in negotiations with Hankuk Steel Wire Co earlier this year to seal the disposal. The company has received written permission from the relevant Korean court on Friday, and the sale contract will be finalised upon due approval of Financial Service Commission of Korea. According to earlier press reports, the company was pursuing the business of ship financing, and did so by snapping up 84.4 per cent of Heungkuk Mutual for US$30.5 million in 2011.
  • FUJI Offset Plates Manufacturing Ltd on Friday said that it was unaware of any reasons, other than its announced disposal of a property, that explain the unusual price movements in its shares recently. The company was responding to a trading query from the Singapore Exchange on Friday. Fuji said that it had announced on Sept 2 the proposed disposal of a property located in Johor at the sale price of 35 million ringgit (S$13.8 million).
  • Asia and second in the world for intellectual property (IP) protection for the fourth straight time, the latest World Economic Forum’s (WEF) Global Competitiveness Report showed. In a press statement on Friday, the Intellectual Property Office of Singapore said that in the area of franchising and licensing, Singapore was estimated to have over 600 franchising systems with more than 40,000 franchisees in 2012, accounting for 18 per cent of total domestic retail sales volume.
  • Singapore’s sovereign fund GIC is joining PSP Investments and Ontario Teachers’ Pension Plan in together investing US$700 million in XPO Logistics Inc, the US company said, adding it plans to use proceeds for unspecified acquisitions In a statement released in the United States, XPO said the deal will be carried out through the sale of newly issued common stock and preferred stock to the investors, who will hold about 22 per cent of XPO after conversion. Greenwich, Connecticut-based XPO, a provider of freight transportation services, has a market value of US$1.8 billion.
  • DEL Monte Pacific swung into the red in its first quarter compared to a year ago on higher expenses, it said in a statement on Friday. It said that net loss for the three months ended July stood at US$21.9 million, compared with a net profit for US$4.15 million for the year-ago period. This was due mainly to higher expenses, including expenses linked to the acquisition of Del Monte Foods, Inc (DFMI). General and administration expenses jumped .
  • SINGAPORE Telecommunications Limited (SingTel) unveiled on Friday changes to its organisation structure, which will see Allen Lew, its CEO of Group Digital L!fe, appointed as CEO Consumer Australia and CEO Optus. Mr Lew will be based in Australia. Paul O’Sullivan will be appointed as Optus chairman.
  • VIVA Industrial Trust on Friday said that its trustee would acquire two industrial properties for S$112.8 million. It would buy Jackson Square, which comprises four blocks of light industrial buildings at 11 Lorong 3 Toa Payoh with a gross floor area (GFA) of approximately 418,586 sq ft, for S$80 million. It would also buy Jackson Design Hub, a five-storey modern light industrial building at 29 Tai Seng Street with a GFA of about 85,070 sq ft, for S$31.5 million. Following completion of the acquisitions, the real estate investment trust will increase its investment.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.750 TG 44.000, 44.300, 44.700 SL 43.450

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

12Sep

Comex Commodity Trading Signals and Market News – 12 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold rebounded in Asia on Friday on physical demand prospects as holidays approach in India and buying picks up for expected year-end events as well. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded a $1,242.00 a troy ounce, up 0.24%, after hitting an overnight session low of $1,235.80 and off a high of $1,250.80.gold prices slipped as investors avoided the yellow metal ahead of the Federal Reserve’s statement on monetary policy meeting next week, which many bet will see further cuts to the U.S. central bank’s monthly bond-buying program. The December contract settled down 0.26% at $1,245.30 on Wednesday. Futures were likely to find support at $1,235.20 a troy ounce, the low from Jan. 23, and resistance at $1,279.20, last Thursday’s high.

Oil prices shot up on Wednesday after the U.S. said it would join its European allies and slapped fresh sanctions on Russia on accusation of meddling in the Ukraine conflict, which stoked fears a ceasefire could end and allow fighting to disrupt crude supply. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded up 1.39% at $92.95 a barrel during U.S. trading. New York-traded oil futures hit a session low of $90.46 a barrel and a high of $92.98 a barrel. The October contract settled down 1.16% at $91.67 a barrel on Wednesday. Nymex oil futures were likely to find support at $90.46 a barrel, the session low, and resistance at $93.94 a barrel, Tuesday’s high.

Natural gas prices took a dive on Thursday after data revealed U.S. stockpiles rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in October were down 3.25% at $3.826 per million British thermal units during U.S. trading. The commodity hit a session low of $3.940, and a high of $3.993. The October contract settled up 2.79% on Tuesday to end at $3.984 per million British thermal units. Natural gas futures were likely to find support at $3.761 per million British thermal units, Monday’s low, and resistance at $4.016, Tuesday’s high. Injections of gas into storage have surpassed the five-year average for 21 consecutive weeks, alleviating concerns over tightening supplies.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TGT 1244,1249 SL 1235
  • SELL GOLD BELOW 1230 TGT 1226,1221 SL 1235

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

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