SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Natural Gas futures rose handsomely during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity amid speculation that lower prices of the fuel which has witnessed a bearish ride off late may encourage low production and boost demand.

• Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place.U.S. crude futures (CLc1) were trading at $38.64 a barrel at 0749 GMT, up 80 cents and over 2 percent from their last close.

• Gold held steady at a 13-month high in European morning hours on Friday, as increased safe-haven demand following the announcement of fresh stimulus measures by the European Central Bank continued to support the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were little changed at $1,272.10.

TRADING STRATEGY :
BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1265
SELL GOLD BELOW 1263 TARGET 1258 1252 SL 1268

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