Gasoline Market Update

Nymex reformulated gasoline blendstock for March RBH5, +0.52%  — the benchmark gasoline contract — rose 219 points to $1.6626 a gallon, while March diesel traded at $2.2009, 891.0001 points higher.

ICE gasoil for March changed hands at $582.75 a metric ton, up $1.25 from Friday’s settlement.

Copper Market Update

March copper HGH5, -0.23% jumped 2 cents to $2.61 a pound. 

April platinum PLJ5, -1.03%  lost $2 to $1,168.10 an ounce

 March palladium PAH5, -0.37%  added $5.35, or 0.7%, to $784.55 an ounce.

 March silver SIH5, -1.00%  eased 1 cent to $16.31 an ounce.

Oil rises marginally, gains capped by high U.S. supplies

Crude-oil futures eased early Monday amid investor concerns about excess crude in U.S. markets.

Sweet crude futures for delivery in April CLJ5, -0.93%  traded at $50.65 a barrel , down 16 cents in the Globex electronic session. Brent crude for April delivery LCOJ5, -0.53%  fell 5 cents to $60.17 a barrel on London’s ICE Futures exchange.

Gold prices drift lower with Greece eyed

Gold prices on Monday showed no signs of bouncing back after last week’s near-2% decline as a flood of economic data and the winding down of earnings season could inject some volatility in metals trading in the coming days.

Gold for April delivery GCJ5, -0.95% gave up $1.90 to drift down to $1,203.90 an ounce. 

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5353 during European morning trade, the pair’s lowest since February 18; the pair subsequently consolidated at 1.5384, shedding 0.19%.In a report, the Office for National Statistics said U.K. retail sales rose fell 0.3% in January, compared to expectations for a 0.2% downtick. December’s figure was revised to a 0.2% gain from a previously estimated increase of 0.4%.Year-on-year, U.K. retail sales rose at a rate of 4.8% last month, below expectations for a 5.9% increase and after a downwardly revised 3.8% gain in December.A separate report showed that U.K. public sector net borrowing dropped by £9.40 billion January, more than the expected decline of £7.80 billion. December’s figure was revised to a £9.87 rise from a previously estimated £12.47 increase.

INTRADAY OUTLOOK

Support: 1.5315

Resistance: 1.5389

RECOMMENDATION:

1. Buy GBP/USD Above 1.5392-TG: 1.5412/1.5442 SL 1.5362

2. Sell GBP/USD Below 1.5313-TG: 1.5293/1.5263 SL 1.5343

INTRADAY OUTLOOK

Immediate Support: 1.1268

Immediate Resistance: 1.1359

RECOMMENDATION:

1. Buy EUR/USD Above -1.1361 TG: 1.1381/1.1411 SL 1.1331

2. Sell EUR/USD Below -1.1266 TG:1.1246/1.1216 SL 1.1296