SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• NYMEX crude weaker in Asia as supply glut weighs, Gulf tensions eyed .

• Gold prices dropped in early Asia on Friday, taking profits on overnight gains with the continued focus on the timing of a widely expected rate hike by the Federal Reserve this year.

• Natural gas futures were higher on Thursday, after data showed that U.S. natural gas supplies rose less-than-expected last week.

• Oil prices were little changed on Friday but set to end the week slightly higher despite ample supply, buoyed by a weaker dollar, forecasts of lowerU.S. crude output and a pick-up in global demand .

TRADING STRATEGY :

• BUY GOLD ABOVE 1222 TARGET 1227 1223 SL 1216
• SELL GOLD BELOW 1216 TARGET 1211 1205 SL 1222

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