SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Silver futures were trading unchanged in the domestic market during noon trade on Friday as investors and speculators shied away from booking fresh positions in the precious metal amidst a tepid global trend even as a weaker dollar supported the lure for the bullion as an alternative asset.Caution ahead of January US consumer inflation data which may offer some cues over the pace of US monetary tightening also weighed on sentiment.

• Natural Gas futures fell over 3 per cent in the domestic market on Thursday as investors and speculators exited positions in the energy commodity as warmer than average temperatures across parts of the US curbed the demand for the heating fuel in the world’s biggest gas consuming nation overshadowing a big storage withdrawal.

• Gold was little changed in European morning hours on Friday, but it still remained supported as concerns over declining oil prices persisted and as investors remained cautious ahead of U.S. inflation data due later in the day. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.20% at $1,223.90.

TRADING STRATEGY :
BUY GOLD ABOVE 1225 TARGET 1245 12275SL 1195
SELL GOLD BELOW 1220 TAGRET 1200 1170 SL 1250

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