DAILY COMMODITY MARKET STRATEGy-21 Oct 2014

MCX GOLD December contract was trading at Rs 27562 up Rs 147, or 0.54 percent. The GOLD rate touched an intraday high of Rs 27572 and an intraday low of Rs 27462. So far 1640 contracts have been traded. GOLD prices have moved down Rs 259, or 0.93 percent in the December series so far.

MCX SILVER December contract was trading at Rs 38755 up Rs 222, or 0.58 percent. The SILVER rate touched an intraday high of Rs 38770 and an intraday low of Rs 38599. So far 1620 contracts have been traded. SILVER prices have moved down Rs 12245, or 24.01 percent in the December series

The MCX Crude Oil October futures continue downtrend for the fifth straight day on the day charts. On Monday, the MCX Crude Oil futures had tumbled to a low of Rs 4,996, but however recovered most of the losses and ended with a loss of 0.3 per cent at Rs 5,079 on account of its October series expiry on 20 October, 2014.

Chana futures down 0.41 per cent on subdued demand chana prices declined 0.41 per cent to Rs 2,889 per quintal in futures trade today as speculators reduced positions amid a weak trend in spot markets on sluggish demand.

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