SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Gold prices regained some ground in European morning hours on Friday, after hitting one-week lows in the previous session due to a stronger U.S. dollar, as the release of upbeat data Chinese economic growth boosted demand for the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.38% at $1,231.10.

• Crude oil prices gained in Asia on Friday as China GDP data met expectations, though clocked the weakest annual pace since 2009. On the New York Mercantile Exchange, WTI crude for May delivery rose 0.19% to $41.58 a barrel. Brent crude was up 0.09% to $43.89 a barrel.

• Copper prices rose by 3.97 per cent on Wednesday after China’s exports in March returned to growth for the first time in nine months adding to further signs of stabilization in the world’s second-largest economy that cheered regional investors which raised the demand outlook for the metal. March exports rose a blistering 11.5 percent from a year earlier the first increase since June and the largest percentage rise since February 2015.

TRADING STRATEGY :
BUY GOLD ABOVE 1232 TGT 1237 1243 SL BELOW 1226
SELL GOLD BELOW 1225 TGT 1220 1214 SL ABOVE 1231

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