DAILY COMMODITY MARKET STRATEGY-12 Jan 2015

BULLION

Gold February future has spurted almost a per cent at $ 1,226.40.Silver March future has jumped over a per cent at $ 16.587.Platinum April future is trading on a flat note at $ 1,234.10.

ENERGY

Crude Oil February and Brent Oil March futures have tumbled over 1.3 per cent each at $ 47.75 and $ 50.57, respectively.Natural Gas February future has slumped 1.8 per cent at $ 2.911.

The MCX January Crude Oil futures are hovering around the lower-end of the Bollinger Band on the daily charts for the last many trading sessions.On Friday, the commodity tested a low of Rs 2,945, before settling with a loss of 2.4 per cent (Rs 72) to Rs 2,983, due to sharp fall in NYMEX Crude Oil prices.

BASE METAL

Copper March future has dropped 1.3 per cent at $ 47.75.

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