DAILY COMMODITY MARKET STRATEGY- 13 May 2016

BULLION

Silver July and Gold June futures are down 0.2 percent in early trade at $ 17,050 and $ 1,269.30, respectively.Platinum July contract has advanced 0.5 percent at $ 1,054.60.

ENERGY

Crude Oil June delivery has dropped a percent at $ 46.20 a barrel.Brent Oil July and Natural Gas June series have shed around a percent each at $ 47.70 and $ 2.117, respectively.

BASE METAL

Copper July delivery has gained 0.4 percent at $ 2.083.Copper declined yet again after ending sideways during the week. The June contract kept on trading below the immediate resistances during the day and declined sharply in the end session.

Copper on Monday ended at Rs 308.55 per kg, down 1.25%. The prices closed at Rs 308.55 per kg against Rs 312.45 per kg on 11 May 2016.

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