DAILY COMMODITY MARKET STRATEGY-26 Feb 2015

BULLION

Gold April future has advanced 0.6 per cent at $ 1,208.80.Silver March future has jumped nearly a per cent at $ 16.610.Platinum April has added 0.8 per cent at $ 1,220.35.

ENERGY

Crude Oil March future has declined near a per cent at $ 51.51.Brent Oil April future has slipped over a per cent at $ 58.59.Natural Gas March future has gained 0.3 per cent at $ 2.635.

The MCX Crude Oil March futures are facing resistance around the 20-DMA for the past two trading session. Yesterday, the energy futures tested a high at Rs 3,135 and a low of Rs 3,030, before closing with a mere loss of 0.2 per cent at Rs 3,117 despite strong NYMEX Crude Oil prices.

BASE METAL

Copper March future has surged 0.3 per cent at $ 2.880.

MCX Copper February expiry contract which is due to expire this week ended in green for the session ending wednesday.The metal has surpassed the psychological resistance of Rs 360 per kg a day before.

Copper ended the day at Rs 363.45 per kg on 25 Feb 2015 against 362.40 per kg on 24 Feb 2015.

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