DAILY COMMODITY MARKET STRATEGY-15 Oct 2015

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

Gold December future has gained 0.4 percent in early morning deals at $ 1,184.30.Silver December and Platinum January 2016 series are marginally up at $ 16.140 and $ 1,000.65, respectively.

MCX Gold future prices are above the higher-end of the Bollinger Band (Rs 27,125). The bias is likely to remain bullish as long as prices trade above Rs 27,125-odd level.

ENERGY

Crude Oil November contract has declined 0.3 percent at $ 46.48.Brent Oil December delivery is slightly up at $ 49.73.Natural Gas November contract is quoted at $ 2.532 - down 0.2 percent.

BASE METAL

Copper December expiry is almost unchanged at $ 2.420.On Wednesday trading gains are expected to get resisted at Rs 352 and 354 per kg. Supports for Copper is at Rs 345 and Rs 344 per kg.

The high for Copper on Wednesday was at Rs 349.45 per kg, and a low of Rs 344.85 per kg was tested.

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