SINGAPORE shares ended 1.34 per cent lower on Monday with the Straits Times Index slipping 44.86 points to 3,305.64.Some 1.72 billion shares, valued at S$1.27 billion were traded.
Gainers numbered 84 while losers numbered 400.
SGX Singapore Closing Market Update
SINGAPORE shares ended 1.34 per cent lower on Monday with the Straits Times Index slipping 44.86 points to 3,305.64.Some 1.72 billion shares, valued at S$1.27 billion were traded.
Gainers numbered 84 while losers numbered 400.
Oil Market Update
U.S. crude-oil futures spiraled further down in electronic trade late Sunday, with the most-active January 2015 contract CLF5, -2.72% breaking below the $65-a-barrel handle to hit $64.48 during East Asian market hours.Nymex crude’s London-traded rival benchmark, Brent crude LCOF5, -3.58% lost 2.7% to $68.24 a barrel in electronic trade, extending its 3.4% retreat Friday.
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold prices fell further in early Asia on Monday with investors eyeing China manufacturing data. China is to release official data on manufacturing activity in November that came in at 50.8 in October as well as the HSBC manufacturing index expected at 50.0. On the Comex division of the New York Mercantile Exchange , gold future for February delivery traded at $1,153.50 a troy ounce, down 1.06%, after hitting the weakest level Nov. 14, before settling at $1,175.50 by close of trade, down $22.00, or 1.84% on Friday.
TRADING STRATEGY :
BUY GOLD ABOVE 1159 TARGET 1164 1170 SL 1153
SELL GOLD BELOW 1142.5 TARGET 1137.5 1132.5 SL 1148
Gold prices fell further in early Asia on Monday with investors eyeing China manufacturing data. China is to release official data on manufacturing activity in November that came in at 50.8 in October as well as the HSBC manufacturing index expected at 50.0. On the Comex division of the New York Mercantile Exchange , gold future for February delivery traded at $1,153.50 a troy ounce, down 1.06%, after hitting the weakest level Nov. 14, before settling at $1,175.50 by close of trade, down $22.00, or 1.84% on Friday.
TRADING STRATEGY :
BUY GOLD ABOVE 1159 TARGET 1164 1170 SL 1153
SELL GOLD BELOW 1142.5 TARGET 1137.5 1132.5 SL 1148
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