SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Crude oil prices rose in Asia on Friday even as the prospect of more oil from Iran hitting the market appeared likely after Western powers negotiated a tentative nuclear deal with Tehran. On the New York Mercantile Exchange, crude oil for May delivery rose 0.24% to trade at $49.53 a barrel. Trade was thin on holidays in many markets, including the U.S., but non-farm payroll data will be released.

• Gold price rose slightly in Asia on Friday as investors braced for a U.S. jobs report expected to set the timing for the Federal Reserve to hike interest rates this year as widely expected, while news of a nuclear deal with Iran was being assessed.

• Framework of Iranian nuclear deal sends crude oil futures plunging .

• Crude oil prices gained in Asia on Monday with the proposed nuclear deal with Iran still in focus as well as last week’s U.S. jobs data.

TRADING STRATEGY :

• BUY GOLD ABOVE 1220 TARGET 1225 1231 SL 1214
• SELL GOLD BELOW 1213 TARGET 1208 1202 SL 1219

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