DAILY COMMODITY MARKET STRATEGY-18 Mar 2015

BULLION

Gold April future is trading on a flat note at $ 1,149.80.Silver May future is down at $ 15,532.Platinum April future is up 0.2 per cent $ 1,096.40.

ENERGY

Crude Oil May future has shed 1.3 per cent at $ 44.62.Brent Oil May and Natural Gas April futures have dropped 0.4 per cent each at $ 53.24 and $ 2.845, respectively.

The MCX Crude Oil March futures ended in positive territory for the first time in past five trading sessions, on account of bargain-hunting.On Tuesday, the energy futures tested a low of Rs 2,683, but however recovered losses and ended with a gain of 0.7 per cent (Rs 18) at Rs 2,759.

BASE METAL

Copper May future has slipped 0.4 per cent at $ 2.626.MCX Copper April expiry contract closed lower on Tuesday.For the second day in a row Copper shyed away from Rs 375 while even the low of Rs 365 was not breached.

Copper ended the day at Rs 368.95 per kg on 17 March 2015 against 373.3 per kg on 16 March 2015.

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