DAILY COMMODITY MARKET STRATEGY- 1 Dec 2015

BULLION

Silver December and Gold February 2016 futures have gained 0.4-0.5 percent in early trade each at $ 14.110 and $ 1,071, respectively.Platinum January future has spurted a percent at $ 840.45.

Gold price tested a high of Rs 25,115 per 10 grams on 30 November 2015 and a low of Rs 24,935 per 10 grams. Open Interest for December contract was at 1941 as on 30 November 2015.

ENERGY

Crude Oil January future has advanced more than half a percent at $ 41.92.Brent Oil January future is quoted at $ 44.77 - up 0.5 percent.Natural Gas January future has declined 0.4 percent at $ 2.222.

Open interest was 2,7622 on 30 November 2015. Crude Oil tested a high of Rs 2,852 and a low of Rs 2,788 per barrel. Supports for Crude Oil December are at Rs 2,750 while resistance for Crude Oil is at Rs 2,900.

BASE METAL

Copper March future has rallied over a percent at $ 2.072.The high for Copper was at Rs 311.65 per kg, and a low of Rs 307 per kg was tested. Open interest was at 21,813 on 30 November 2015.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.