DAILY COMMODITY MARKET STRATEGY-1 Dec 2014

The MCX Crude Oil December futures have exhibited a gloomy trade for the fourth straight day owing to big fall in the international Crude Oil markets.On Friday, Crude Oil futures tested a low of Rs 4,192, before settling with a significant loss of almost 2 per cent to Rs 4,210.

The MCX Natural Gas December futures are hovering around its short-long-term moving averages on the daily charts for the last two trading sessions.On Friday, the energy contracts tested a low of Rs 256, but however recovered losses and ended with a loss of 0.4 per cent at Rs 260.

BULLION

Gold February future has dropped over 2 per cent at $ 1,150.70.Silver March future has cracked 4 per cent at $ 14.933.Platinum January future has slipped 1.5 per cent at $ 2.803.

ENERGY

Crude Oil January future has tumbled 2.2 per cent at $ 64.67.Brent Oil January has declined by 2.4 per cent at $ 68.44.Natural Gas January future has moved down 1.9 per cent at $ 4.007.

BASE METAL

Copper March future is trading with a loss of 1.5 per cent at $ 2.803.

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