KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Friday as investors eyed demand from the upcoming Chinese New Year holidays next week. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.25% to trade at $1,223.80 a troy ounce. Overnight, gold extended gains on Thursday, after weaker than expected U.S. retail sales and jobless claims data dampened optimism over the strength of the economic recovery. The U.S. Commerce Department said that retail sales declined by 0.8% last month, worse than expectations for a drop of 0.5%.



TRADING STRATEGY :
BUY GOLD ABOVE 1228.25 TARGET 1233.25 1239.25 SL 1222.25
SELL GOLD BELOW 1218 TARGET 1213 1207 SL 1224

U.S. stocks close at highest level in 2015

U.S. stocks rallied on Thursday, sending the S&P 500 to its highest close this year and within shouting distance of the record close reached on Dec 29.

The S&P 500 SPX, +0.96%  added 19.95 points, or 1%, to 2,088.48, with eight of its 10 sectors finishing higher. Among them, materials, technology and energy sectors stocks led the gains, while utilities and telecoms were the only laggards.

Gasoline Market Update

Prices for March gasoline RBH5, +1.01%  tacked on 5.2 cents to $1.596 a gallon, while March heating oil HOH5, +1.05%  settled at $1.914 a gallon, up almost 10 cents.

March natural gas NGH15, +0.52%  fell 8.4 cents, or 3%, to end at $2.713 per million British thermal units.

Platinum Market Update

Platinum for April delivery PLJ5, +0.50%  rose $4.90 to end at $1,200.50 an ounce, while March palladium PAH5, +0.49%  climbed by $7.10 to $773.65 an ounce. High-grade copper for March delivery HGH5, +0.58%  added 6 cents, or 2.4%, to $2.602 a pound.

Oil gets lift from Ukraine cease-fire; natural gas loses 3%

Oil futures settled higher on Thursday as an agreement to halt months of deadly fighting in Ukraine helped ease concerns over Russian oil demand, but the continuing supply glut in the U.S. kept price gains in check.

Crude-oil futures for delivery in March CLH5, +0.76%  rose $2.37, or 2.4%, to settle at $51.21 a barrel on the New York Mercantile Exchange.