DAILY COMMODITY MARKET STRATEGY-2 Jan 2015

BULLION

Gold February future is trading on a flat note at $ 1,184.80.Silver March futures has jumped 1.3 per cent at $ 15.797.Platinum January contract is trading flat at $ 1,209.75.

ENERGY

Crude Oil February contract has rallied over a per cent at $ 53.88.Brent Oil February future has gained 0.4 per cent at $ 57.79.Natural Gas February delivery has tanked 2 per cent at $ 2.860.

The MCX Natural Gas futures have been trading lower for the third straight day. On the first day of New Year, the energy futures dropped over 2 per cent at Rs 185, owing to extend fall in NYMEX Natural Gas prices and significant decline in volume, which stood at 5,776 lots as compared to 54,325 lots.

BASE METAL

Copper March contract has added 0.2 per cent at $ 2.833.

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