INTERNATIONAL COMMODITY NEWS :
Oil markets dipped on Tuesday as China’s economic growth for 2014 undershot a government target and hit its weakest annual expansion in 24 years, adding to worries in energy markets already suffering from slowing demand and oversupply.The world’s second- largest economy grew 7.4 percent last year, China’s National Bureau of Statistics said, less than the target of 7.5 percent. Growth in the fourth quarter held at its weakest in nearly six years, although coming in slightly better than expected at 7.3 percent.
TRADING STRATEGY :
BUY GOLD ABOVE 1282 TARGET 1287 1293 SL 1276
SELL GOLD BELOW 1271 TARGET 1266 1260 SL 1277
Oil markets dipped on Tuesday as China’s economic growth for 2014 undershot a government target and hit its weakest annual expansion in 24 years, adding to worries in energy markets already suffering from slowing demand and oversupply.The world’s second- largest economy grew 7.4 percent last year, China’s National Bureau of Statistics said, less than the target of 7.5 percent. Growth in the fourth quarter held at its weakest in nearly six years, although coming in slightly better than expected at 7.3 percent.
TRADING STRATEGY :
BUY GOLD ABOVE 1282 TARGET 1287 1293 SL 1276
SELL GOLD BELOW 1271 TARGET 1266 1260 SL 1277
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