DAILY COMMODITY MARKET STRATEGY-30 Jan 2015

BULLION

Gold April future has gained 0.3 per cent in early morning deals at $ 1,260.40.Silver March delivery has advanced 0.6 per cent at $ 16.877.Platinum April contract are also trading higher by 0.4 per cent at $ 1,226.40.

ENERGY

Crude Oil March future is trading on a soft note at $ 44.54.Brent Oil March expiry is marginally down at $ 48.99.Natural Gas March future is now quoted at $ 2.710 - down 0.5 per cent.

The MCX Natural Gas February futures have tumbled for the second straight day. On Thursday, the energy futures seek support at the lower-end of the Bollinger Band at Rs 166.8, before signing off the day with a significant loss of 3.5 per cent at Rs 167.6 as the NYMEX Natural Gas prices hit 28-month low after bearish storage data.

BASE METAL

Copper March delivery has shed around a per cent at $ 2.439.

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