Gasoline Market Update

April gasoline RBJ5, -0.37%  rose more than a half cent to $1.804 a gallon and April heating oil HOJ5, -0.49%  settled at $1.731 gallon, down less than half a cent for the session.

Gas Market Update

April natural gas NGJ15, +0.18%  fell 5.3 cents, or 1.9%, to end at $2.733 per million British thermal units.

Oil futures settle up, flirt with two-week high

 Oil futures settled on Monday at their highest level in almost two weeks on the back of a weaker U.S. dollar, despite comments from Saudi Arabia that indicated it would maintain crude-production levels.

May crude CLK5, -1.26%  tacked on 88 cents, or 1.9%, to settle at $47.45 a barrel on the New York Mercantile Exchange. That was the highest settlement for a most-active contract since March 11.

May Brent crude LCOK5, -0.66%  added 60 cents, or 1.1%, to end at $55.92 a barrel on London’s ICE Futures exchange.

KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Monday in light trade as sentiment on the timing of a widely expected Federal Reserve rate hike guides investors. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell 0.24% to 1,181.70 a troy ounce. Gold rallied to a two-week high on Friday, as the U.S. dollar sold off after the Federal Reserve projected a slower pace of rate hikes following its policy meeting earlier in the week. Dollar weakness usually benefits gold, as it boosts the metal’s appeal as an alternative asset and makes dollar- priced commodities cheaper for holders of other currencies. The dollar’s losses came after the Federal Reserve downgraded its forecasts for growth and inflation and lowered its interest rate projections, prompting investors to push back expectations on the timing and pace of future rate increases.



TRADING STRATEGY :
BUY GOLD ABOVE 1188 TARGET 1193 1199 SL 1182
SELL GOLD BELOW 1178 TARGET 1173 1167 SL 1184

Platinum Market Update

April platinum PLJ5, +1.60%  rose $21.60, or 1.9%, to end at $1,141.20 an ounce, tacking on about 2.3% for the week.

 June palladium PAM5, +1.47%  rose $13.30, or 1.7%, to $779.10 an ounce, down around 1.2% for the week.

Silver Market Update

May silver SIK5, +3.79%  jumped 76.9 cents, or 4.8%, to end at $16.883 an ounce, with prices around 9% higher for the week.

May copper HGK5, +3.42%  added 10.1 cents, or 3.8%, to $2.761 a pound—up roughly 3.5% for the week.

Gasoline Market Update

Nymex April gasoline RBJ5, +0.82% rose 2.4 cents, or 1.3%, to $1.798 a gallon, up 2% for the week. April heating oil HOJ5, +0.36%  ended at $1.734 a gallon, up 1.2 cents, or 0.7%, with prices up 1.2% for the week.

Gas Market Update

April natural gas NGJ15, -1.03%  fell 2.7 cents, or 1%, to $2.786 per million British thermal units after earlier tapping a high of $2.919 on the back of gains in oil. Prices were up roughly 2.2% for the week.

Oil futures score first weekly gain in over a month

Crude-oil futures rallied Friday as a drop in the U.S. dollar and another decline in U.S. rig counts helped prices score their first weekly gain in five weeks.

April CLJ5, +4.34% which expired at the close Friday, settled at $45.72 a barrel, up $1.76, or 4%. Crude for May CLK5, +2.02%  delivery, which became the front month, tacked on $1.04, or 2.3%, to $46.57 a barrel.

KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Brent prices rebounded towards $55 a barrel on Friday as the dollar weakened, but gains were limited by supply concerns after Kuwait said OPEC had no choice but to maintain output levels. High inventory in the United States, the world’s largest oil consumer, also dragged on prices. Brent crude for May delivery had risen 16 cents to $54.59 a barrel by 0220 GMT. The contract is flat for the week, after falling in the two previous weeks.



TRADING STRATEGY :
BUY GOLD ABOVE 1174 TARGET 1179 1185 SL 1168
SELL GOLD BELOW 1166 TARGET 1161 1155 SL 1172

Silver Market Update

May silver SIK5, -0.02%  rallied 57.3 cents, or 3.7%, to end at $16.114 an ounce, which was also a two-week high.

April platinum PLJ5, +0.23%  rose $27, or 2.5%, to end at $1,119.60 an ounce.

 June palladium PAM5, +0.37%  rose $1.15, or 0.2%, to $765.80 an ounce.

May copper HGK5, -0.23%  jumped nearly 9 cents, or 3.5%, to $2.66 a pound after posting losses over the past two sessions.

Gasoline Market Update

April gasoline RBJ5, -0.08% fell 2.5 cents, or 1.4%, to $1.774 a gallon.

April heating oil HOJ5, +0.00%  ended at $1.722 a gallon, down 5 cents, or 2.8%.

Gas Market Update

April natural gas NGJ15, +0.82%  fell 10.7 cents, or 3.7%, to end at $2.813 per million British thermal units.

Oil futures settle at third lowest level of the year

Oil futures saw their third lowest settlement of the year on Thursday as traders fretted over record U.S. supplies and failed to see any real indications that crude output is headed for a significant decline.

Crude for delivery in April CLJ5, -0.14%  settled at $43.96 a barrel, down 70 cents, or 1.6%, on the New York Mercantile Exchange, giving up much of the 2.8% gain it scored a day earlier.

Platinum Market Update

 April platinum PLJ5, +0.26%  rose 30 cents to end at $1,115.20 an ounce.

 June palladium PAM5, +0.90%  tacked on $1.75, or 0.2%, to $788.70 an ounce. 

Copper was the only major metal on Comex to gain for the week. May copper HGK5, +0.56%  settled at $2.6635 a pound, up a half cent for the session to tally a gain of roughly 2.2% for the week.

Silver Market Update

May silver SIK5, +0.80%  fell 2.2 cents, or 0.1%, to $15.494 an ounce — nearly 2% lower for the week.

April heating oil HOJ5, -3.75% fell 6.6 cents, or 3.7%, to $1.713 a gallon, down over 8% for the week.

April natural gas NGJ15, -0.48%  fell less than a cent to $2.727 per million British thermal units. It saw a weekly decline of nearly 4%.

Gasoline Market Update

Nymex gasoline for April delivery RBJ5, -2.96%  fell 4.7 cents, or 2.6%, to $1.762 a gallon, poised for a loss of more than 6% for the week. 

Oil futures suffer nearly 10% weekly plunge

Oil futures fell sharply on Friday, to tally a weekly decline of nearly 10%, as a monthly report from the International Energy Agency raised concerns that the glut of crude supplies and tightening storage capacity in the U.S. may cause prices to weaken further.

Crude-oil for delivery in April CLJ5, -4.36%  fell $2.21, or 4.7%, to settle at $44.84 a barrel on the New York Mercantile Exchange. Prices ended the week with a loss of 9.6%.

April Brent crude LCOJ5, -4.38%  on London’s ICE Futures exchange shed $2.41, or 4.2%, to settle at $54.67 a barrel, with the front-month contract down 8.5% for the week.

KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

 Crude oil prices dipped in Asia on Friday in a light data day with U.S. dollar strength weighing. On the New York Mercantile Exchange, April deliveries for WTI Crude fell 0.22% to $46.95 a barrel as prices for Texas light sweet continued on a downward path for the week. Overnight, domestic oil futures fell sharply on Thursday afternoon amid an unexpected decline in U.S. retail sales, reversing previous gains in morning trading. On the Intercontinental Exchange (ICE), Brent crude oil for April delivery fell 0.42% to $57.47 a barrel on Thursday, offsetting Wednesday’s gains. Trading for the international benchmark was as equally volatile, ranging from a low of $56.75 to $59.15 on Thursday.



TRADING STRATEGY :

BUY GOLD ABOVE 1162 TARGET 1167 1173 SL 1156
SELL GOLD BELOW 1155 TARGET 1150 1144 SL 1161

Gas Market Update

April natural gas NGJ15, -1.54%  settled at $2.734 per million British thermal units, down 9 cents, or 3.2%.