DAILY COMMODITY MARKET STRATEGY-28 Jan 2015

BULLION

Gold April future is marginally down at $ 1,291.40.Silver March contract has declined 0.4 per cent at $ 18.017.Platinum April delivery has also moved down 0.3 per cent at $ 1,260.90.

ENERGY

Crude Oil March expiry has tumbled around 2 per cent to $ 45.43.Brent Oil and Natural Gas March contracts are trading with a loss of 0.3 per cent each at $ 48.98 and $ 2.878, respectively.

The MCX January futures for Natural Gas have been trading higher for the second straight day. Yesterday, the energy contracts faced resistance around the 20-DMA (Rs 186), but however trimmed gain and ended with a gain of 0.6 per cent at Rs 184 owing to its January series expiry on 27 January, 2015.

BASE METAL

Copper March expiry is trading on a flat note at $ 2.466.

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