DAILY COMMODITY MARKET STRATEGY-15 Jan 2015

BULLION

Gold February future declined by 0.4 per cent at $ 1,230.30 in early morning deals.Silver March delivery has dropped over a per cent to $ 16.810.Platinum April contract has is up 0.2 per cent at $ 1,235.10.

ENERGY

Crude Oil February future shed over 0.5 per cent at $ 48.16.Brent Oil March and Natural Gas February series have slipped almost a per cent each at $ 49.40 and $ 3.282, respectively.

The MCX Crude Oil January futures ended in positive zone for the first time in last four trading sessions, owing to strong gains in NYMEX Crude Oil prices and ahead of January series expiry tomorrow.

On Wednesday, the energy futures tested a high at Rs 2,907, before settling with a gain of 1.3 per cent (Rs 37) at Rs 2,863.

BASE METAL

Copper March future has bounced back; the commodity has now rallied over 1.5 per cent to $ 2.568.

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