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
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
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