KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more than five-year low above $57 per barrel, as persistent worries about a global supply glut offset concerns about output disruptions in Libyan.However, forecasts for a 900,000- barrel drawdown last week in oil stocks in top consumer the United States, following a rise to highest recorded December level in the week ended on Dec. 19, checked losses in crude prices. Brent for February delivery fell 8 cents to $57.80 as of 0323 GMT, after tumbling to $57.37 in the previous session, the lowest level since May 2009.



TRADING STRATEGY :

BUY GOLD ABOVE 1189.25 TARGET 1194.25 1200.25 SL 1183.25
SELL GOLD BELOW 1183 TARGET 1178 1172 SL 1189