DAILY COMMODITY MARKET STRATEGY-30 Dec 2014

BULLION

Gold February future has added 0.4 per cent at $ 1,187.20.Silver March future has gained 0.5 per cent at  $ 15.858.Platinum January contract has advanced 0.8 per cent at $ 1,208.90.

ENERGY

Crude Oil February contract is trading on a falt note at $ 53.57.Brent Oil February future is down 0.3  per cent at $ 57.80.Natural Gas February delivery is marginally down at $ 3.168.

The MCX Crude Oil January futures have been trading on a negative note for the third straight day, On Monday, the energy contracts tumbled as much as Rs 3,369, before settling with a significant loss of 3.7 per cent (Rs 133) to Rs 3,414 per barrel owing to sharp fall in NYMEX Crude Oil market.

The MCX January Natural Gas futures ended in positive territory for the first time in last six trading sessions. The buying in the energy futures was on account of bargain-hunting at lower level as the commodity had slumped over 17.5 per cent past six trading sessions.

BASE METAL

Copper March contract has moved up 0.7 per cent at $ 2.836.

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