DAILY COMMODITY MARKET STRATEGY-14 Sep 2015

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Bullion

The session Friday saw Gold closing at Rs 25,967 per 10 grams on 11 September 2015 against  Rs 26,163 on 10 September 2015.Gold October is towards Rs 26,200 and Rs 26,450. Support in Gold towards Rs 26,400 is active. Gold price tested a high of Rs 26,200 per 10 grams on 11 September 2015 and a low of Rs 25,900 per 10 grams.

Energy

MCX September contract ended at Rs 3,000 per barrel on 11 September 2015 against Rs 3,041 per barrel on 10 Sep 2015.Open interest gained during session ending Friday. Crude Oil September tested a high of Rs 3027 and a low of Rs 2,945 per barrel.

Base Metal

Copper November is at Rs 360 and Rs 358 per kg. The high for Copper on Friday was at Rs 366.20 per kg, and a low of Rs 361.20 per kg was tested. Open interest was at 12556 on 11 September 2015 against on 12918 on 10 September 2015.

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