KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold futures showed nervousness ahead of release of a batch of economic data such as ADP employment report, Fed’s Beige book and US ISM non-manufacturing index slated to come out later today. US gold slipped for the straight third session triggered by higher dollar values .The US dollar climbed to its highest level since September 2003 on Wednesday ahead of closely-watched jobs data and the European Central Bank meeting later in the week. COMEX Gold for the April delivery quotes at $1,203.80 an ounce, down $.60 and the Silver May delivery quotes at $16.278, down 1.8 cents an ounce.




TRADING STRATEGY :
BUY GOLD ABOVE 1205.5 TARGET 1210.50 1216.50 SL 1199.50
SELL GOLD BELOW 1199 TARGET 1194 1188 SL 1205

Platinum Market Update

April platinum PLJ5, +0.40%  shed $7.90, or 0.7%, to end at $1,181.70 an ounce. 

June palladium PAM5, +0.09% lost $1, or 0.1%, to $830.65 an ounce. 

May copper HGK5, +0.21%  settled nearly flat at $2.6595 a pound.

Gas Market Update

The EIA will release its weekly report on natural-gas supplies. April natural gas NGJ15, +0.69%  settled up 5.7 cents, or 2.1%, at $2.769 per million British thermal units.

Gasoline Market Update

 April gasoline RBJ5, +0.05%  fell 2.4 cents, or 1.2%, to $1.926 a gallon and April heating oil HOJ5, -0.17%  ended at $1.901 a gallon, down 3.8 cents, or 2%.

Crude-oil prices rise as Saudi Arabia hints at rising demand

 U.S. oil futures finished higher on Wednesday, despite a spike in U.S. weekly crude supplies, as a move by Saudi Arabia and comments from its oil minister implied strength in demand for oil.

Crude for delivery in April CLJ5, +0.43%  climbed $1.01, or 2%, to settle at $51.53 a barrel on the New York Mercantile Exchange. Prices had dropped below $50 after a government report showed that weekly crude supplies jumped by more than 10 million barrels.

April Brent crude on London’s ICE Futures exchange LCOJ5, +0.10%  settled lower, but off the session’s lows, at $60.55 a barrel, down 47 cents, or 0.8%.