DAILY COMMODITY MARKET STRATEGY-6 Feb 2015

BULLION

Gold April has added 0.3 per cent at $ 1,266.20.Silver March future has gained 0.2 per cent at $ 17.233.Platinum April future is marginally in red zone at $ 1,253.40.

ENERGY

Crude Oil March future has jumped 1.2 per cent at $ 51.10.Brent Oil March future has advanced 0.7 per cent at $ 56.95.Natural Gas March future has moved up 0.6 per cent at $ 2.619.

The Crude Oil MCX February futures bounced into the positive zone yesterday after seeking support around the 20-DMA (2,949). On Thursday, the energy tested a high at Rs 3,223, before closing with a significant gain of 4 per cent (Rs 123) at Rs 3,187 owing to rise in NYMEX Crude Oil prices.

BASE METAL

Copper March future is marginally in green at $ 2.602.

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