DAILY COMMODITY MARKET STRATEGY-27 Aug 2015

BULLION

Silver September future has advanced over 0.5 percent in early morning deals at $ 14.130.Platinum October contract has spurted 1.3 percent at $ 994.95.Gold December delivery has added 0.2 percent at $ 1,127.10.

Gold prices were seen at Rs 26,471 on 26 August 2015 against Rs 26,740 per 10 grams on 25 August 2015. Resistance for Gold is towards Rs 26,700 and Rs 27,800.

ENERGY

Crude Oil October expiry has surged 2.4 percent to $ 39.52.Brent Oil October contract has jumped 1.5 percent at $ 44.24.Natural Gas October future has gained 0.4 percent at $ 2.698.

On Wednesday, Crude Oil tested a high of Rs 2,662 and a low of Rs 2,582 per barrel.

BASE METAL

Copper September delivery has spurted over a percent at $ 2.287.On Thursday trading gains are expected to get resisted at Rs 332 and 334 per kg. Floor for Copper is at Rs 327 and Rs 325 per kg.

The high for Copper on Wednesday was at Rs 336.30 per kg, and a low of Rs 327.25 per kg was tested.

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