DAILY COMMODITY MARKET STRATEGY-1 Jan 2015

BULLION

Gold February and Silver March futures are trading marginally higher at $ 1,184.10 and $ 15.695, respectively.Platinum January contract is trading on a flat note at $ 1,209.15.

ENERGY

Crude Oil February contract has has shed 0.7 per cent at $ 53.73.Brent Oil February future is trading almost unchanged at $ 57.73.Natural Gas February delivery is down 0.05 per cent at $ 2.916.

The MCX January for Natural Gas futures slipped for the second straight day. On the last day on the year 2014, the energy futures ended with a significant loss of 4.2 per cent to Rs 198 owing to sharp fall in NYMEX Natural Gas prices.

The MCX Crude Oil January futures slipped back into the negative territory on the last day of year 2014. Yesterday, the energy futures slipped to a low of Rs 3,344, before closing with a significant loss of 1.6 per cent (Rs 54) to Rs 3,369 following NYMEX Crude prices and strength in the Indian rupee.

BASE METAL

Copper March contract is trading unchanged at $ 2.827.

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