SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Silver futures were trading higher during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal amid hopes that the European Central Bank (ECB) will unleash further monetary easing measures to prop up the Euro area economic recovery when it meets this Thursday a move which could boost gold a hedge against the inflationary risk of monetary stimulus.

• Copper futures fell during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal after a sharp fall in China’s exports and imports in the month of February signaled concerns over the economic outlook for the world’s biggest metals consuming nation clouding the demand outlook for copper.

• Oil prices were lower on Tuesday, pulling back from the prior session’s three-month highs as risk appetite waned after the latest trade figures out of China added to concerns over the health of the world’s second-biggest economy. Exports plunged 25.4% from a year earlier in February, far worse than forecasts for a decline of 12.5% and the worst monthly performance since May 2009, while imports dropped 13.8%, compared to expectations for a fall of 10.0%.

TRADING STRATEGY :
BUY GOLD ABOVE 1276 TARGET 1281 1287 SL 1270
SELL GOLD BELOW 1272 TARGET 1268 1262 SL 1278

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