DAILY COMMODITY MARKET STRATEGY-19 Feb 2015

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BULLION

Gold April future has spurted 1.4 per cent at $ 1,216.40.Silver March future has jumped 2.6 per cent at $ 16.682.Platinum April future has advanced 0.7 per cent at $ 1,181.80.

ENERGY

Crude Oil April future has tumbled 2.8 per cent at $ 51.35.Brent Oil April future has dropped 0.7 per cent at $ 59.57.Natural Gas March future is trading on a soft note at $ 2.813.

The MCX Crude Oil February contracts are lingering around the 50-DMA on the daily charts for the past four trading sessions.

On Wednesday, the energy futures tested a high at Rs 3,327 and a low at Rs 3,229 , before closing on a soft note at Rs 3,245 owing to its February series expiry today.

The Natural Gas MCX February futures yesterday bounced back into the positive territory and cleared the 20-DMA (Rs 171).

On Wednesday, the energy futures rallied to a high of Rs 176.50, before settling - with a significant gain of 3 per cent at Rs 174 on account of renewed buying.

BASE METAL

Copper March future has shed 0.4 per cent at $ 2.610.

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Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips

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