DAILY COMMODITY MARKET STRATEGY-2 Dec 2014

The MCX December Crude Oil future had snapped last four days of losing streak on Monday, the Crude Oil futures tested a low of Rs 4,192, but however recovered losses and ended with a gain of 1.4 per cent to Rs 4,271 on account of bargain hunting.

The MCX Natural Gas December futures witnessed a sharply fall in yesterday's trade, the energy futures tested a low of Rs 244, before closing with a loss of significant loss of 5.4 percent at Rs 246 on account of fresh selling by the investors.

BULLION

Gold February future has slipped over a per cent at $ 1,204.80.Silver March future has tumbled 2.2 per cent at $ 16.322.Platinum January future has dropped nearly a per cent at $ 1,228.70.

ENERGY

Crude Oil January future has declined by 0.7 per cent at $ 68.51.Brent Oil January has moved down a per cent at $ 72.89.Natural Gas January future is marginally in green at $ 4.014.

BASE METAL

Copper March future is trading with a loss of 0.5 per cent at $ 2.884.

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