INTERNATIONAL COMMODITY NEWS :
Crude oil prices dipped sharply in Asia on Friday, extending overnight losses as over-supply worries weighed. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $58.97 a barrel, down 1.64%, after hitting an overnight session low of $60.10 a barrel and off a high of $61.67 a barrel. A stronger greenback tends to make oil a less attractive commodity on dollar-denominated exchanges, especially in the eyes of investors holding other currencies.The U.S. Commerce Department reported earlier that retail sales rose 0.7% last month, beating expectations for a gain of 0.4%
TRADING STRATEGY :
BUY GOLD ABOVE 1226.60 TARGET 1231.60 1237.60 SL 1220.60
SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1229
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
Crude oil prices dipped sharply in Asia on Friday, extending overnight losses as over-supply worries weighed. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $58.97 a barrel, down 1.64%, after hitting an overnight session low of $60.10 a barrel and off a high of $61.67 a barrel. A stronger greenback tends to make oil a less attractive commodity on dollar-denominated exchanges, especially in the eyes of investors holding other currencies.The U.S. Commerce Department reported earlier that retail sales rose 0.7% last month, beating expectations for a gain of 0.4%
TRADING STRATEGY :
BUY GOLD ABOVE 1226.60 TARGET 1231.60 1237.60 SL 1220.60
SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1229
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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