DAILY COMMODITY MARKET STRATEGY-12 Jun 2015

Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips
BULLION

Gold August and Silver July futures are trading on a flat note at $ 1,182.10 and $ 15.942, respectively.Platinum July future has declined 0.2 percent at $1,105.35.

Gold prices ended lower on Thursday and moving below Rs 26,950. The prices ended the day at Rs 2,6892 per 10 grams on 11 June 2015 against Rs 26,971 per 10 grams on 10 June 2015.

ENERGY

Crude Oil July future has shed 0.4 percent at $ 60.55.Brent Oil July future is trading on a soft note at $ 64.92.Natural Gas July future has dropped 0.6 percent at $ 2.801.

Crude oil prices gained for the fourth straight session in the session on Thursday and ended at Rs 3,895 against Rs 3,887 a day before.The prices of Crude Oil have been in a range of Rs 3,900-3,700.

BASE METAL

Copper July future is marginally in green at $ 2.675.On Friday trading gains are expected to get resisted at Rs 382 and 385 per kg. Meanwhile support for Copper is at Rs 375 and 370 per kg.

On Thursday, the low for Copper was at Rs 376.8 per kg, and a high of Rs 387.85 per kg was noted. Open interest was at 17407 on 11 June 2015 against 13608 on 10 June 2015.

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Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips

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