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KLSE Comex Recommendations

Tuesday 10 February 2015

INTERNATIONAL COMMODITY NEWS :

Crude oil prices fell on Tuesday in Asia after weak Chinese price data even after speculation that there is a stronger case for further monetary easing by Beijing.On the New York Mercantile Exchange, crude oil for delivery in March fell 0.98% to $52.34 a barrel. Later Tuesday, the American Petroleum Institute will release data on U.S. crude and product inventories last week as a sign post to more closely watched figures from the U.S. Department of Energy due Wednesday. China’s January CPI rose 0.8%, below the 1.0% expected year-on-year, while PPI data eased 4.3%, compared to a fall of 3.8% year-on-year expected, the steepest drop since October 2009.



TRADING STRATEGY :

BUY GOLD ABOVE 1246 TAREGT 1251 1257 SL 1240
SELL GOLD BELOW 1237 TARGET 1232 1226 SL 1243


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