DAILY COMMODITY MARKET STRATEGY-2 Feb 2015

BULLION

Gold April future has is trading with marginal gain this morning at 1,280.10.Silver March and Platinum April contracts have declined 0.5 per cent each at $ 17.127 and $ 1,235.25.

ENERGY

Crude Oil March delivery has tumbled over 2.5 per cent to $ 47.01.Brent Oil March expiry has also slipped 1.5 per cent at $ 51.64.Natural Gas March future is slightly up at $ 2.676.

After been hammered around 9 per cent, the MCX Natural Gas February futures took a relief on Friday. The commodity tested support at the lower-end of the Bollinger Band at Rs 164, but however recovered losses and ended with a minor gain of 0.5 per cent at Rs 168 on back of renewed buying.

BASE METAL

Copper March delivery is trading on a soft note at $ 2.501.

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