DAILY COMMODITY MARKET STRATEGY-27 Nov 2014

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The MCX Natural Gas December futures have moved higher for the second consecutive day. On Wednesday, the Natural Gas futures faced resistance around the lower-end of the Bollinger Band (Rs 281), but however trimmed gains and ended with a gain of more than a per cent at Rs 274 on account of fresh buying.

The MCX December Crude Oil futures have eased for the second straight day. On Wednesday, Crude Oil prices tested a low of Rs 4,554, before closing with a significant loss of 1.3 per cent at Rs 4,579 tracking losses for the international Crude Oil market.

BULLION

Gold February 2015 future is down 0.2 per cent at $ 1,195.50.Silver March contract has tumbled over a per cent to $ 16.438.Platinum January delivery is marginally down at $ 1,226.80.

ENERGY

Crude Oil January future has slipped nearly 2 per cent to $ 72.76.Brent Oil January expiry has also dropped 1.5 per cent at $ 76.51.Natural Gas January future is up 0.2 per cent at $ 4.341.

BASE METAL

Copper March contract has added 0.2 per cent at $ 2.962.

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