DAILY COMMODITY MARKET STRATEGY -25 Jun 2015

BULLION

Gold August future has gained 0.3 percent in early morning deals at $ 1,177.Silver July future is marginally up at $ 15.875.Platinum July future has advanced 0.5 percent at $ 1,080.20.

Gold August is towards Rs 26,600 and Rs 26,650. Supports in Gold towards Rs 26,470 is active. Gold price tested a high of Rs 26,670 per 10 grams and a low of Rs 26,480 per 10 grams on 24 June 2015.

ENERGY

Crude Oil and Brent Oil August futures are slightly up at $ 60.30 and $ 63.67, respectively.Natural Gas August future has declined 0.3 percent at $ 2.785.

The prices moving below Rs 3,900 can bring more losses. On Wednesday,  Crude Oil July  tested a high of Rs 3,934 and a low of Rs 3,820 per barrel. Volumes were at lots on 157287 on 24 June 2015 against 175610 on 23 June 2015.

BASE METAL

Copper July future is now down at $ 2.626 - up 0.10 percent.

Copper ended the day at Rs 368.75 on 24 June 2015 against 367.10 per kg on 23 June 2015.On Thursday trading gains are expected to get resisted at Rs 372 and 375 per kg. Meanwhile support for Copper is at Rs 364 and 362 per kg.

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