DAILY COMMODITY MARKET STRATEGY-26 Mar 2015

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BULLION

Gold April future is trading on a flat note at $ 1,198.70.Silver May future is trading on a soft note at $ 16.987.Platinum April future has gained 0.5 per cent at $ 1,148.85.

ENERGY

Crude Oil and Brent Oil May futures have zoomed 4.6 per cent at $ 51.50 and $ 58.85, respectively.Natural Gas April future is up 0.2 per cent at $ 2.749.

The MCX Natural Gas March futures are facing hurdle the key moving averages 20-50-DMAs for the past two trading sessions ahead of its March series expiry today.

Yesterday, the energy futures faced resistance at the 20-50-DMAs at Rs 174, but however shaved of gains and ended with a loss of around 2 per cent at Rs 171 due to fall in NYMEX Natural gas prices.

BASE METAL

Copper May future has gained 0.4 per cent at $ 2.798.

MCX Copper April expiry contract closed unchanged on Tuesday.Prices lost ground inching closer to Rs 390 which proved a crucial resistance of last week.

Copper ended the day at Rs 387.15 per kg on 25 March 2015 against 387.75 per kg on 24 March 2015.

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