DAILY COMMODITY MARKET STRATEGY- 3 Dec 2015

BULLION

Silver March 2016 future has declined 0.5 percent in early trade at $ 13.935.Gold February future has moved down 0.3 percent at $ 1,050.90.Platinum January future is slightly down at $ 831.15.

Gold February is towards Rs 25,450 and Rs 25,500. Support in Gold towards Rs 25,001 is active. Gold price tested a high of Rs 25,359 per 10 grams on 2 December 2015 and a low of Rs 25,001 per 10 grams.

ENERGY

Crude Oil January future has gained 0.5 percent at $ 40.12.Brent Oil January future is quoted at $ 42.70 - down 0.2 percent.Natural Gas January future is almost unchanged at $ 2.174.

Crude Oil December  tested a high of Rs 2,795 and a low of Rs 2,687 per barrel. Supports for Crude Oil are at Rs 2,600 while resistance for Crude Oil is at Rs 2,850.

BASE METAL

Copper March future has shed 0.5 percent at $ 2.035.Copper lost in the trading session ending Wednesday with prices moving above Rs 305 per kg. Copper ended the day at Rs 306.30 per kg on 2 December 2015 against Rs 310.35 per kg.

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