DAILY COMMODITY MARKET STRATEGY-13 July 2015

BULLION

Gold August and Silver September futures have added 0.2 percent in early trade at $ 1,160.80 and $ 15.509, respectively.Platinum October contract has declined over 0.5 percent at $ 1,026.35.

Gold closed lower during the last session as prices lost support of bottom fishing. The prices ended the day at Rs 26,058 per 10 grams on 10 July 2015 against Rs 26,064 per 10 grams on 9 July 2015.

ENERGY

Brent Oil August expiry has slipped almost 2 percent to $ 57.91.Crude Oil August delivery has tumbled over 1.5 per cent at $ 51.88.Natural Gas August future has rallied over a percent at $ 2.803.

Crude oil moved below Rs 3,380 per barrel in the intra day session. Choppy moves are expected in Crude Oil in coming weeks.The prices ended at Rs 3,380 per barrel on 10 July 2015 against Rs 3,409 per barrel on 9 July 2015.

BASE METAL

Copper September contract has also dropped over a percent at $ 2.511.

MCX Copper June expiry contract lost marginal ground for session ending 10 July 2015. Prices have been in the range of Rs 345-365 per kg.There has been selling from highs of Rs 365. On 10 July 2015, Copper ended the day at Rs 358.70 on 10 July 2015 against 359.90 per kg on 9 July 2015.

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