DAILY COMMODITY MARKET STRATEGY-19 Aug 2015
BULLION
Silver September future has added 0.2 percent in early trade at $ 14.820.Platinum October contract has declined 0.4 percent at $ 991.20.Gold December delivery is almost unchanged at $ 1,117.10.
The MCX Gold October future opened marginally lower at Rs 25,977. Now, the Indian Gold has declined by 0.3 percent at Rs 25,940
MCX Silver September opened on a soft note at Rs 34,779 - down Rs 15. The price of MCX Silver has now shed 0.3 percent (Rs 93) at Rs 34,701.
ENERGY
Crude Oil October and Natural Gas September series have shed 0.5 percent each at $ 42.92 and $ 2.710, respectively.Brent Oil October future is slightly down at 48.57.
MCX Crude Oil September futures drifted lower, and are trading at the lowest level of the day at Rs 2,822 - down 0.4 percent.
BASE METAL
Copper September contract is marginally down at $ 2.283.On Wednesday trading gains are expected to get resisted at Rs 333 and 336 per kg. Floor for Copper is at Rs 325 and Rs 320 per kg.
The high for Copper on Tuesday was at Rs 336.75 per kg, and a low of Rs 328.40 per kg was tested.
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