KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold prices gained on Thursday in Asia as investors eyed physical demand from China. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.62% to $1,209.00 a troy ounce. Meanwhile, silver futures for May delivery increased 0.84% t $16.612 a troy ounce. Elsewhere on Comex, copper for May delivery rose 0.33% to $2.654 a pound. Overnight, gold futures reversed most of the gains made in Asia on Wednesday afternoon before settling slightly higher.




TRADING STRATEGY :

BUY GOLD ABOVE 1212 TARGET 1217 1223 SL 1206
SELL GOLD BELOW 1205 TARGET 1200 1194 SL 1211

S&P Market News Update

U.S. stocks ended Wednesday’s choppy session virtually unchanged. But the Dow Jones Industrial Average eked out a small gain to close at a fresh record.

The S&P 500 SPX, -0.08%  closed 1.6 points, or 0.1%, lower at 2,113.86, with half of its 10 main sectors ending lower. Consumer discretionary stocks led the gains, utilities sold off the most.

Dollar dips on delayed rate-hike expectations

The U.S. dollar inched lower against its main trading partners Wednesday, extending losses from Tuesday’s session, after Federal Reserve Chairwoman Janet Yellen suggested the central bank isn’t ready to raise interest rates just yet.

The dollar traded lower against the euro EURUSD, -0.08%  and flat against the yen USDJPY, -0.09% with the euro worth $1.1360 and the buck trading at ¥118.85, compared with $1.1349 and ¥118.75 Tuesday.

The ICE U.S. Dollar Index DXY, +0.00% a measure of the dollar’s strength against a trade-weighted basket of six rival currencies, was 0.3% lower at 94.2260.

The pound GBPUSD, -0.06%  and the Australian dollar AUDUSD, -0.04%  were especially well-bid versus the buck, with sterling trading at $1.5525, its highest level since late December. It traded at $1.5476 late Tuesday.

The aussie AUDUSD, +0.01%  traded at 78.86 cents, just below its highest level since Jan. 28, up from 78.59 Tuesday.

Gas Market Update

March natural gas NGH15, -0.62%  settled at $2.894 per million British thermal units, down less than a penny on the contract’s expiration day. Analysts polled by Platts expect the EIA on Thursday to report a natural-gas supply decline between 239 billion and 243 billion cubic feet.

Heating Oil Market Update

March heating oil HOH5, -0.57%  tacked on 7.5 cents, or 3.7%, to $2.104 a gallon. March gasoline RBH5, +0.17% jumped 9.9 cents, or 6.1%, to end at $1.719 a gallon.