DAILY COMMODITY MARKET STRATEGY-28 Oct 2014

Base Metal Wrap:-London Metal Exchange copper prices moved higher during Asian morning trading on Tuesday October 28, on rumours that China's State Reserve Board (SRB) has resumed copper purchases.

Energy Wrap:-Natural gas futures dropped in New York for the third time in four days on speculation that mild weather will limit heating demand as production gains.

Precious Metal Wrap:-Gold prices on MCX were trading flat on Monday. At 13:53 hrs MCX Gold December contract was trading at Rs 27154 down Rs 22, or 0.08 percent.The Gold rate touched an intraday high of Rs 27219 and an intraday low of Rs 27130. So far 2649 contracts have been traded. Gold prices have moved down Rs 667, or 2.40 percent in the December series so far. 

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