DAILY COMMODITY MARKET STRATEGY-28 Nov 2014

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The MCX Crude Oil December futures have tumbled for the third consecutive day. On Thursday, Crude Oil futures witnessed a free-fall mode and tested a low of Rs 4,262, before settling with a huge loss of 6.3 per cent to Rs 4,291 on the back of big fall in the international Crude Oil markets as OPEC fails to take price action.

The MCX December Natural Gas futures have slipped into the negative zone after two day rally. On Thursday, the energy contracts ended with a significant loss of 5 per cent to Rs 261 tracking losses for NYMEX Natural Gas futures on holiday-thinned trade.

BULLION

Gold February future has dropped over a per cent at $ 1,184.10.Silver March future has cracked 3 per cent at $ 16.118.Platinum January future has shed 0.4 per cent at $ 1,212.30.

ENERGY

Crude Oil January future has plunged 6.4 per cent at $ 68.93.Brent Oil January has slipped over 0.5 per cent at $ 72.48.Natural Gas January future has moved down 0.5 per cent at $ 4.3217.

BASE METAL

Copper March future is trading with a loss of 0.7 per cent at $ 2.932

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