DAILY COMMODITY MARKET STRATEGY-6 Oct 2015

BULLION

Silver December future has shed more than 0.5 percent at $ 15.600.Gold December delivery is marginally down at $ 1,136.20.Platinum January 2016 contract is slightly up at $ 918.25.

MCX Gold December futures today may face resistance around Rs 26,525-26,570-26,610, while seek support around Rs 26,240-26,120-26,153.

ENERGY

Crude Oil and Brent Oil November series are almost unchanged at $ 46.23 and $ 49.35, respectively.Natural Gas November contract is quoted at $ 2.464 - up 0.10 percent.

BASE METAL

Copper December delivery has declined over 0.5 percent at $ 2.344.Copper ended the day at Rs 342.95 on 5 October 2015 against 337.95 per kg on 1 October 2015.

On Tuesday trading gains are expected to get resisted at Rs 345 and 342 per kg. Supports for Copper is at Rs 338 and Rs 335 per kg.The high for Copper on Monday was at Rs 345.60 per kg, and a low of Rs 339.70 per kg was tested.

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