DAILY COMMODITY MARKET STRATEGY-19 Jan 2015

BULLION

Gold February future is trading on a soft note at $ 1,277.20.Silver March contract has shed 0.4 per cent at $ 17.675.Platinum April delivery has moved down 0.2 per cent at $ 1,265.95.

MCX Gold February as seen in the weekly chart above has opened the week at 26,875 levels. This week prices made a low of 26,706 levels but could not sustain at lower levels prices rallied sharply higher towards 27,790 levels.

MCX Silver March as seen in the weekly chart above has opened at 37,074 levels and prices made a low of 36,847 levels. But this week prices could not sustain at lower levels and rallied sharply higher towards 39,380 levels.

ENERGY

Crude Oil February future has dropped nearly a per cent at $ 48.78.Brent Oil March delivery expiry has declined 0.4 per cent at $ 49.78.Natural Gas February contract has tumbled over 2.5 per cent to $ 3.007.

BASE METAL

Copper March future has slipped around a per cent at $ 2.611.

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