SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL CURRENCY BUZZ :

• Natural Gas futures fell during noon trade in the domestic market on Monday as investors and speculators exited positions in the energy commodity as forecasts for warmer weather across the US for the remainder of March threatened to curb heating demand for the fuel in the world’s biggest fuel consuming nation.

• Silver futures advanced in the domestic market during noon trade on Monday as investors and speculators booked fresh positions in the precious metal amid speculation that the US Federal Reserve which meets this week may sing a more cautious tune over further interest rate hikes in the world’s biggest economy bolstering the lure for the bullion as a store of value.

• Gold futures struggled for direction in European trade on Monday, flipping between small gains and losses as investors looked ahead to central bank meetings in Japan and the U.S. later this week for further clues on monetary policy.Gold for April delivery on the Comex division of the New York Mercantile Exchange shed $3.70, or 0.29%, to trade at $1,255.70 a troy ounce by 07:45GMT, or 3:45AM ET.

TRADING STRATEGY :
BUY GOLD ABOVE 1260 TARGET 1265 1271 SL 1254
SELL GOLD BELOW 1250 TARGET 1245 1239 SL 1256

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