SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL CURRENCY BUZZ :

• Silver futures retreated during noon trade in the domestic market on Tuesday as investors and speculators stuck to a cautious stance ahead of the start of the two-day US Federal Reserve monetary policy meet in which the world’s top central bank may offer some cues over the path to raising interest rates further following a maiden rise in borrowing costs since 2006 in December.

• Copper futures prices slipped by 0.34 per cent on Tuesday at the Multi Commodity Exchange (MCX) as traders trimmed their bets amid subdued demand from consuming industries at the spot market. The weak cues from global markets also weighed on market sentiments.

• Crude oil prices dropped by 0.84 per cent on Tuesday ahead of industry estimates of US stockpiles and continued back-and-forth over prospects for an output freeze by key producers. Ahead the American Petroleum Institute will detail estimates of crude oil and refined product stockpiles as of last week. On Wednesday more closely-watched figures from the US Department of Energy are due.

TRADING STRATEGY :
BUY GOLD ABOVE 1250 TARGET 1255 1261 SL 1244
SELL GOLD BELOW 1230 TARGET 1225 1219 SL 1236

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