DAILY COMMODITY MARKET STRATEGY-16 Dec 2014

BULLION

Gold February future has dropped over a per cent at $ 1,195.50.Silver March future has tumbled 2.6 per cent at $ 16.133.Platinum January future is trading on a flat note at $ 1,210.35.

ENERGY

Crude Oil February future has declined by 0.3 per cent at $ 56.06.The MCX Crude Oil December futures are still lingering around the lower-end of the Bollinger Band on the daily charts for many trading sessions.

On Monday, the Crude Oil futures rallied as much as Rs 3,699, but however wiped out all the gains and ended on a dull note with a loss of more than a per cent (Rs 40) to Rs 3,598 following global Crude Oil prices and ahead of December series expiry on 18 December.

Brent Oil February future has added 0.4 per cent at $ 60.96.Natural Gas January future has gained 0.2 per cent at $ 3.742.

BASE METAL

Copper March future is trading on a soft note at $ 2.869.

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