DAILY COMMODITY MARKET STRATEGY-14 Jan 2015

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BULLION

Gold February delivery in the morning session has shed 0.5 per cent at $ 1,228.50.Silver March futures has tumbled over 1.5 per cent to $ 16.873..Platinum April expiry has declined 0.5 per cent at $ 1,234.80.

ENERGY

Crude Oil and Natural Gas February futures have dropped over 0.5 per cent each at $ 45.67 and $ 2.937, respectively.Brent Oil March contract has slippped 1.3 per cent at $ 47.46.

The MCX January Crude Oil futures extended losses for the fourth straight day, owing to sharp fall in NYMEX Crude Oil prices as API showed solid build in supplies of Crude and refined products.

BASE METAL

Copper March delivery is trading with a huge loss of 4.5 per cent to $ 2.487.

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