DAILY COMMODITY MARKET STRATEGY- 15 Dec 2015
Gold February and Silver March 2016 futures are trading on a cautious note at $ 1,063.50 and $ 13,695, ahead of Fed meeting this week.Platinum January future is marginally up at $ 851.30.
Gold lost in the intraday trades ending Monday. The session saw Gold closing at Rs 25,350 per 10 grams on 14 December 2015 up by Rs 25,679 on 11 Dec 2015.Resistance for Gold February is towards Rs 25,500 and Rs 25,600. Support in Gold towards Rs 25,300 is active.
Brent Oil February future has gained 0.4 percent at $ 38.13.Crude Oil and Natural Gas January futures are soft at $ 36.34 and $ 1,901, respectively.
Copper March future has declined 0.4 percent at $ 2.098.