DAILY COMMODITY MARKET STRATEGY-25 Nov 2014

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The MCX Natural Gas November futures ended on a gloomy note for the third consecutive day. On Monday, the energy futures ended with a significant loss of 4.4 percent to Rs 245, due to its November series expiry on 25 November.

The MCX December Crude Oil futures are facing resistance around 20-DMA on the daily charts for the last two trading sessions.

Monday was the fourth straight day when MCX Crude Oil futures ended on a positive note. Yesterday, the energy futures jumped over a per cent at Rs 4,752 owing to weakness in the domestic currency.

BULLION

Gold February 2015 future is up 0.15 per cent at $ 1,198.40.Silver March contract has advanced nearly a per cent at $ 16.555.Platinum January delivery has gained 0.5 per cent at $ 1,211.10.

ENERGY

Crude Oil January future is trading on a soft note at $ 75.76.Brent Oil January expiry is up 0.2 per cent at $ 76.60.Natural Gas January contract has declined 0.4 per cent at $ 4.275.

BASE METAL

Copper March futures has moved up 0.2 per cent at $ 3.009.

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