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GLOBAL MARKET ROUND UP

Gold surged close to a record high in earlier Asian trading hours on Friday as intensifying concerns about conflict in the Middle East pushed investors to the traditional safe haven. Spot gold rose as much as 1.6% before paring gains after US officials said Israel had struck targets in Iran, raising the risk of a wider regional conflict.

Crude oil prices jumped after US officials said Israel had struck targets in Iran, with WTI rallying above $84.0 on concerns over the potential for a wider regional conflict that could endanger crude supplies.

Natural gas prices climbed on Thursday, with weekly EIA natural gas storage rising by 50 billion cubic feet, less than the expected 53 billion. However, prices dropped from their peak levels due to a mixed weather forecast.

Base metal bullish momentum continued amid positive sentiment and supplyside risk, with the LME Aluminium contract poised to rise for the sixth week in a row due to supply fears fueled by Russian metal sanctions.

Fresh conflict in the Middle East roiled global equity markets on Friday, sending stocks down.

Gold

Trading Range: 72400-73250

Intraday Trading Strategy : Buy Gold Jun Fut at 72525-72560 TGT 73080 SL 72260.

Silver

Trading Range: 82500-84700

Intraday Trading Strategy : Buy Silver Mini Apr Fut at 83050-83070 TGT 83570/83900 SL 82500

Crude Oil

Trading Range: 6925-7150

Intraday Trading Strategy : Buy Crude Oil May Fut at 7020 TGT 7125 SL 6945

Natural Gas

Trading Range: 142- 156

Intraday Trading Strategy : Sell Natural Gas Apr Fut at 152-153 TGT 147/145 SL 156.80

Copper

Trading Range: 832-847

Intraday Trading Strategy : Buy Copper Apr Fut at 835.50-836 TGT 842/847 SL 832

Zinc

Trading Range: 242-252

Intraday Trading Strategy : Buy Zinc Apr Fut at 244.80 TGT 246.80/250 SL 242.0

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