DAILY COMMODITY MARKET STRATEGY-13 May 2015

BULLION

Gold June future is trading on a soft note in early trade at $ 1,193.Silver July contract has added 0.2 percent at $ 16.557.Platinum July delivery is slightly down at $ 1,131.70.

ENERGY

Crude Oil June and Brent Oil July series have spurted nearly a percent each at $ 61.23 and $ 67.64, respectively.Natural Gas June expiry has gained 0.2 percent at $ 2.910.

The MCX Crude Oil May futures are facing hurdle around the higher-end of the Bollinger Band. Yesterday, Crude Oil prices rallied above Bollinger Band and touched a high at Rs 3,935, owing to steep rally in NYMEX Crude Oil market.

MCX Crude Oil futures are below the higher-end of the Bollinger Band (Rs 3,915). Hence, further upward movement is only possible after a success close above Rs 3,915-odd level.

BASE METAL

Copper July future is marginally up at $ 2.932.

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