Tuesday 31 March 2015

KLSE Comex Recommendations : Epic Research Malaysia

INTERNATIONAL COMMODITY NEWS :

Crude oil prices eased in early Asia on Tuesday with investors focused on U.S. industry supply data later in the day as well as the progress of talks between Western powers and Iran over its nuclear program. The American Petroleum Institute will release estimates of crude, gasoline and distillate stocks last week later Tuesday, which come ahead of more closely-watched data on the same from the Department of energy on Wednesday. On the New York Mercantile Exchange, WTI crude for May delivery fell 0.79% to $48.26 a barrel. Overnight, crude oil prices slid on Monday as a deadline for a deal regarding Iran’s nuclear program neared, exacerbating concerns that a relaxation of sanctions on Iranian oil exports could add significantly to the glut in global oil supply.

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TRADING STRATEGY :

BUY GOLD ABOVE 1188 TARGET 1193 1199 SL 1182
SELL GOLD BELOW 1178.5 TARGET 1173.5 1167.5 SL 1184.5

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