DAILY COMMODITY MARKET STRATEGY-21 July 2015

BULLION

Gold August future has declined 0.4 percent at $ 1,102.50.Silver September delivery is down 0.2 percent at $ 14.758.Platinum October contract is marginally up at $ 976.70.

Gold closed lower during the last session. The prices ended the day at Rs 25,034 per 10 grams on 20 July 2015 against Rs 25,498 per 10 grams on 17 July 2015.Resistance for Gold August is towards Rs 25,250 and Rs 25,300. Supports in Gold towards Rs 24,850 is active. Gold price tested a high of Rs 25,475 per 10 grams on 20 July 2015 and a low of Rs 24,904 per 10 grams.

ENERGY

Crude Oil August expiry is now quoted at $ 50.26 - down 0.4 percent.Brent Oil September and Natural Gas August series are flat at $ 56.52 and $ 2.828, respectively.

BASE METAL

Copper September delivery has advanced 0.5 percent at $ 2.485.

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