DAILY COMMODITY MARKET STRATEGY-5 Feb 2015

BULLION

Gold April future has spurted nearly a per cent at $ 1,273.40.Silver March contract has advanced 0.5 per cent at $ 17.478.Platinum April delivery has added 0.2 per cent at 1,243.75.

ENERGY

Crude Oil March future has gained over 0.5 per cent at $ 48.73.Brent Oil March expiry is trading higher by 0.3 per cent at $ 54.73.Natural Gas March contract is unchanged at $ 2.671.

The MCX Crude Oil February futures have slipped for the first time in last three trading sessions. Yesterday, the energy contracts tested a low of Rs 3,051, before signing off the day with a significant loss of 5 per cent (Rs 162) at Rs 3,064 owing to huge fall in NYMEX Crude Oil prices on a supply excess.

BASE METAL

Copper March future has declined 0.4 per cent at $ 2.578.

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