DAILY COMMODITY MARKET STRATEGY-20 Jan 2015

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BULLION

Gold February contract is trading on a soft note in early morning deals at $ 1,277.80.Silver March and Platinum April series have declined 0.3 per cent each at 17.693 and 1,263.25, respectively.

Gold held firm just below a four-month high on Tuesday, underpinned by safe-haven bids on market volatility stoked by uncertainty over Europe's economy and global growth worries .

ENERGY

Crude Oil February expiry has tumbled nearly 3 per cent to $ 47.81.Brent Oil March delivery has shed 0.5 per cent at 48.72.Natural Gas February contract is also down 0.3 per cent at $ 2.985.

The MCX January futures for Natural Gas have tumbled for the third day in a row. On Monday, the energy futures slumped over 5 per cent to Rs 182 due to steep fall in international Natural Gas prices.

BASE METAL

Copper March future has gained over 0.5 per cent at $ 2.592.

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