DAILY COMMODITY MARKET STRATEGY-17 Mar 2015

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BULLION

Gold April future is trading on a flat note at $ 1,154.40.Silver May future is down 0.2 per cent at $ 15,588.Platinum April future is trading on a soft note $ 1,105.85.

ENERGY

Crude Oil May future is trading on a soft note at $ 46.09.Brent Oil May future is trading on a soft note at $ 54.07.Natural Gas April future has gained 0.6 per cent at $ 2.762.

The MCX Crude Oil March futures continue downtrend for the fifth day in row due to step fall in NYMEX Crude Oil prices and strength in Indian rupee against the dollar.
On Monday, the Crude Oil futures tumbled to low of Rs 2,704, before signing off with a huge loss of 4.4 per cent (Rs 125) at Rs 2,741.In the process, the energy futures slumped 13.3 per cent (Rs 422).

The MCX March Natural Gas futures are not giving any clear signals on which way the prices are moving. On Monday, the energy futures tested a low at Rs 169.40, before settling with a loss of 1.3 per cent at Rs 171.30 due to strength in Indian rupee against the US dollar.

BASE METAL

Copper May future is trading on a soft note at $ 2.673.

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