DAILY COMMODITY MARKET STRATEGY-8 Sep 2015

BULLION

Silver December future has declined 0.3 percent at $ 14.500.Gold December contract is marginally down at $ 1,120.50.Platinum October delivery has added 0.2 percent at $ 991.40.

MCX Gold prices are slightly below the 200-DMA (Rs 26,560). The commodity needs to clear and sustain above Rs 26,560-odd level to gain fresh momentum.

ENERGY

Crude Oil October expiry has plunged almost 3 per cent to $ 44.74.Brent Oil October future has spurted nearly a percent at $ 48.10.Natural Gas October contract has advanced 0.5 percent at $ 2.665.

BASE METAL

Copper December delivery is up 0.2 percent at $ 2.346.On Tuesday trading gains are expected to get resisted at Rs 355 and 357 per kg. Floor for Copper is at Rs 348 and Rs 345 per kg.

The high for Copper on Monday was at Rs 354.60 per kg, and a low of Rs 348 per kg was tested.

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