KLSE Comex Recommendations : Epic Research Malaysia

INTERNATIONAL COMMODITY NEWS :

• Copper and gold prices dipped smartly in Asia on Thursday after a preliminary survey of China manufactuing dropped sharply. The HSBC China August flash manufacturing PMI fell to 50.3, compared to a July figure that came in at 51.7 for the final. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,290.80 a troy ounce, down 0.34%, after hitting an overnight session low of $1,288.90 and off a high of $1,298.90. Silver for September delivery was down 0.23% at $19.453 a troy ounce. Copper futures for September delivery were down 0.40% at $3.157 a pound, after the closely watched for demand by the world’s top importer of copper.

TRADING STRATEGY :

• BUY GOLD COMEX ABOVE 1294 TGT 1298,1303 SL 1288
• SELL GOLD COMEX BELOW 1282 TGT 1278,1273 SL 1287

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