DAILY COMMODITY MARKET STRATEGY-26 Dec 2014

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BULLION

Gold February future has spurted almost a per cent to $ 1,184.90.Silver March delivery has jumped around 2 per cent to $ 15.983.Platinum January contract has also rallied over a per cent at $ 1,204.55.

ENERGY

Crude Oil and Brent Oil February futures have advanced 0.5 per cent each at $ 56.12 and $ 60.46, respectively. Natural Gas January delivery has also climbed over a per cent at $ 3.066.

The MCX Crude Oil January futures slipped back into the negative on Wednesday, the Crude Oil contract tested a low of Rs 3,525 per barrel, before settling with a significant loss of 1.6 per cent to Rs 3,550 per barrel following NYMEX Crude Oil prices and weakness in the Indian currency.

The MCX Natural Gas December futures have slipped for the fifth straight day. On Wednesday, the energy contracts ended with a significant loss of 3.6 per cent to Rs 191 owing to sharp fall in the NYMEX Natural Gas futures on weather outlook and ahead of December contract expiry today.

BASE METAL

Copper March contract has added 0.3 per cent at $ 2.885.

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