KLSE Comex Recommendations : Epic Research Malaysia

INTERNATIONAL COMMODITY NEWS :

• BUY IRB INFRA FUTURE ABOVE 273.50 TG 274.10, 275, 276 SL 272.90 . On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,255.80 a troy ounce, up 0.58%, after hitting an overnight session low of $1,248.30 and off a high of $1,258.90. Overnight, expectations that the Federal Reserve will hike interest rates sooner rather than later in 2015 boosted the dollar on Tuesday and sent gold prices falling. The December contract settled down 1.03% at $1,254.30 on Monday. Futures were likely to find support at $1,241.20 a troy ounce, the low from June 5, and resistance at $1,279.20, last Thursday’s high.

TRADING STRATEGY :

• BUY GOLD ABOVE 1260 TGT 1264,1270 SL 1255
• SELL GOLD BELOW 1252 TGT 1248,1243 SL 1257

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