DAILY COMMODITY MARKET STRATEGY-8 Jan 2015

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BULLION

Gold February future is marginally in red zone at $ 1,210.10.Silver March future has shed 0.4 per cent at $ 16.480.Platinum April future is trading on a flat note at $ 1,220.95.

ENERGY

Crude Oil February future has spurted over a per cent at $ 49.18.Brent Oil February future has advanced 0.8 per cent at $ 51.49.Natural Gas February future has declined by 0.4 per cent at $ 2.868.

The MCX Crude Oil January futures are hovering around the key support the lower-end of the Bollinger Band on the daily charts for the last three trading sessions.

The MCX January Natural Gas futures are lingering around the lower-end of the Bollinger Band on the weekly charts for the last many trading sessions.

BASE METAL

Copper March future is marginally in green at $ 2.766.

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