Today's Open Market Recommendation For SGX Singapore Stock
✔ Hit First Targets
■■ BUY SEMBCORP MARINE ABOVE 2.940 TARGET 2.980 3.050 SL 2.870
SGX Stock Signal Update
Today's Open Market Recommendation For SGX Singapore Stock
✔ Hit First Targets
■■ BUY SEMBCORP MARINE ABOVE 2.940 TARGET 2.980 3.050 SL 2.870
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Brent crude slipped below $70 a barrel on Friday and was set for a second weekly fall, with Saudi Arabia cutting prices in another indication it would maintain output in an oversupplied market Saudi Arabia cut monthly prices for crude it sells to the United States and Asia, while Iraq is set to export more oil, preventing Brent from staging a recovery after a near 13-percent plunge last week .Brent crude had dropped 43 cents to $69.21 a barrel by 0223 GMT (09:23 p.m. EST). U.S. crude was down 35 cents at $66.46, on track for a 1-percent gain this week.
TRADING STRATEGY :
BUY GOLD ABOVE 1215 TARGET 1220 1226 SL 1208
SELL GOLD BELOW 1201 TARGET 1996 1990 SL 1207
Brent crude slipped below $70 a barrel on Friday and was set for a second weekly fall, with Saudi Arabia cutting prices in another indication it would maintain output in an oversupplied market Saudi Arabia cut monthly prices for crude it sells to the United States and Asia, while Iraq is set to export more oil, preventing Brent from staging a recovery after a near 13-percent plunge last week .Brent crude had dropped 43 cents to $69.21 a barrel by 0223 GMT (09:23 p.m. EST). U.S. crude was down 35 cents at $66.46, on track for a 1-percent gain this week.
TRADING STRATEGY :
BUY GOLD ABOVE 1215 TARGET 1220 1226 SL 1208
SELL GOLD BELOW 1201 TARGET 1996 1990 SL 1207
SGX IForex Recommendations
TRADING TIPS :
EUR/USD hit lows of 1.2295, the weakest since August 20, 2012 and was last at 1.2315.Persistently low levels of inflation and a faltering economic recovery have added to pressure on the ECB to step up measures to spur growth. The bank was expected to stop short of announcing quantitative easing measures but could extend its program of asset purchases. Surveys of euro zone private sector activity on Wednesday indicated that the region would post only marginal economic growth in the fourth quarter.Meanwhile, the US dollar index, which measures the greenback against a basket of six major currencies, was steady at five-and-a-half year highs of 88.99.
INTRADAY OUTLOOK
Support: 1.2288
Resistance: 1.2348
RECOMMENDATION:
1. Buy EUR/USD Above 1.2350-TG:1.2370/1.2400 SL 1.2320
2. Sell EUR/USD Below 1.2285-TG:1.2265/1.2235 SL 1.2315
INTRADAY OUTLOOK
Immediate Support: 119.72
Immediate Resistance: 120.27
RECOMMENDATION:
1. Buy USD/JPY Above 120.29-TG:120.49/120.79 SL 119.99
2. Sell USD/JPY Below 119.70-TG:119.50/119.20 SL 120.00
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