DAILY COMMODITY MARKET STRATEGY-23 Dec 2014

BULLION

Gold February and Silver March futures are trading flat at $ 1,178.00 and $ 15.698, respectively.Platinum January future has advanced 0.5 per cent at $ 1,185.00.

ENERGY

Crude Oil February future has jumped 1.7 per cent at $ 56.23.Brent Oil February future has added over a per cent at $ 60.72.Natural Gas January future has gained 0.3 per cent at $ 3.183.

The MCX Natural Gas December futures nose-dived for the third straight day. Yesterday, the energy futures tested a low of Rs 197, before settling with a huge loss of 9 per cent to Rs 201 as the international Natural Gas futures tumbled to nearly two-year lows, due to milder-than-expected weather and as concerns over supply shortages.

The MCX Crude Oil January futures are not sending any clear signals on which way the prices are moving. On Monday, the Crude Oil contract tested a high of Rs 3,730 per barrel, but however shaved-off gains and settled with a significant loss of Rs 3,534 per barrel.

BASE METAL

Copper March future has declined by 0.3 per cent at $ 2.867.

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