DAILY COMMODITY MARKET STRATEGY-29 Dec 2014

BULLION

Gold February and Silver March futures are trading on a flat note at $ 1,195.00 and $ 16.138, respectively.Platinum January contract is marginally down at $ 1,216.15.

ENERGY

Crude Oil February contract has rallied a per cent at $ 55.26.Brent Oil February futures has gained 0.4 per cent at $ 59.90.Natural Gas February delivery has moved up 0.3 per cent at $ 3.072.

After registering significant loss of over 18.4 per cent (Rs 43) in the last five trading session, the MCX Natural Gas December futures staged a smart recovery and ended on a flat note at Rs 192 on Friday, owing to its December contract expiry on 26 December.

BASE METAL

Copper March contract has advanced 0.7 per cent at $ 2.835.

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