SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Gold rose in European morning hours on Friday, to trade near the previous session’s one-year peak as investors focused on the upcoming U.S. nonfarm payrolls report for new hints on the Federal Reserve’s next policy moves.  On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were up 0.25% at $1,260.90.

• Natural Gas futures shed more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators exited positions in the energy commodity as hefty storage levels exacerbated concerns of oversupplies as the end of the winter heating season threatened to curb demand for the fuel in the US the world’s biggest consumer.

• Silver futures rallied by more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the precious metal as weaker than expected US economic data pushed back bets of a near-term interest rate hike by the Federal Reserve bolstering the lure for the bullion as a store of value.

TRADING STRATEGY :
BUY GOLD ABOVE 1270 TARGET 1275 1285 SL 1263
SELL GOLD BELOW 1258 TARGET 1252 1247 SL 1265

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