DAILY COMMODITY MARKET STRATEGY-31 Dec 2014

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BULLION

Gold February future has added 0.2 per cent at $ 1,202.50.Silver March future has declined 0.2 per cent at $ 16.240.Platinum January contract is trading on a flat note at $ 1,218.05.

ENERGY

Crude Oil February contract has moved down 0.6 per cent at $ 53.83.Brent Oil February future is marginally down at $ 57.55.Natural Gas February delivery has moved up 0.2 per cent at $ 3.100.

The MCX Crude Oil January futures ended in green for the first time in last three trading sessions. The buying in the energy futures was on account of bargain-hunting at lower level and pull-back in NYMEX Crude Oil prices.

The MCX Natural Gas January futures slipped back into the negative territory, and have wiped out half of its Mondays losses.  Yesterday, the energy futures ended with a significant loss of over 3 per cent at Rs 197 owing to sharp fall in NYMEX Natural Gas market despite cold weather outlook

BASE METAL

Copper March contract is trading flat at $ 2.855.

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