DAILY COMMODITY MARKET STRATEGY-31 Aug 2015

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BULLION

Platinum October future has tumbled over a percent in early deals at $ 1,008.30.Silver December contract has declined 0.4 percent at $ 14.490.Gold December delivery is almost unchanged at $ 1,133.60.

Gold October is towards Rs 26,750 and Rs 27,800. Supports in Gold towards Rs 26,500 are active.

ENERGY

Brent Oil October future is witnessing huge losses, and is down 99 percent to $ 0.49.Crude Oil October expiry has tumbled nearly 2 percent at $ 44.45.Natural Gas October contract slipped almost 2 percent at $ 2.669.

Open interest lost during session ending Friday. On Friday, Crude Oil tested a high of Rs 3,046 and a low of Rs 2,785 per barrel.

BASE METAL

Copper September delivery has shed around a percent at $ 2.329.Copper August is at Rs 352 and Rs 340 per kg. The high for Copper on Friday was at Rs 351.80 per kg, and a low of Rs 343.45 per kg was tested.

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Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips
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