DAILY COMMODITY MARKET STRATEGY-23 Feb 2015

BULLION

Gold April future has declined 0.2 per cent at $ 1,202.20.Silver May future is trading on a soft note at $ 16.315.Platinum April future has gained 0.2 per cent at $ 1,166.50.

ENERGY

Crude Oil April future has added 0.3 per cent at $ 50.96.Brent Oil April future has advanced 0.6 per cent at $ 60.45.Natural Gas March future has jumped 1.4 per cent at $ 3.013.

The March MCX Crude Oil tumbled for the fourth day in a row. On Friday, the energy futures slipped to a low of Rs 3,200, before signing off the day with a loss of a per cent (Rs 31) at Rs 3,215 owing to huge fall in NYMEX Crude Oil prices.

BASE METAL

Copper May future is up 0.3 per cent at $ 2.599.

MCX Copper February expiry contract derailed for the session ending Friday.The metal shyed away from what could have been a trend reversal from losses.

Copper ended the day at Rs 356.80 against 359.45 per kg on 20 Feb 2015.

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