DAILY COMMODITY MARKET STRATEGY-9 Jan 2015

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BULLION

Gold February future has added 0.3 per cent at $ 1,211.70.Silver March future is trading on a flat note at $ 16.392.Platinum April future has also gained 0.3 per cent at $ 1,222.95.

ENERGY

Crude Oil February future has spurted around a per cent at $ 49.19.Brent Oil and Natural Gas February futures have moved up 0.3 per cent each at $ 51.20 and $ 2.969, respectively.

The MCX January Crude Oil futures are lingering around the lower-end of the Bollinger Band on the daily charts for the last many trading sessions.

Yesterday, the energy futures tested a high at Rs 3,119, but however wiped out gains and ended lower by 0.7 per cent (Rs 22) at Rs 3,055.

BASE METAL

Copper March future has shed 0.3 per cent at $ 2.760.

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