DAILY COMMODITY MARKET STRATEGY-17 Dec 2014

BULLION

Gold February future has added 0.3 per cent at $ 1,197.60.Silver March future has gained 0.5 per cent at $ 15.828.Platinum January future is trading up 0.2 per cent at $ 1,200.45.

ENERGY

Crude Oil February future has tanked 2.2 per cent at $ 55.03.Brent Oil February future has slipped 1.3 per cent at $ 59.17.Natural Gas January future has advanced 0.8 per cent at $ 3.654.

The MCX Crude Oil December futures ended lower for the second consecutive day. On Tuesday, the Indian Crude Oil futures ended with a loss of over a per cent at Rs 3,598, owing to extend fall in international Crude Oil prices and head of December contract expiry tomorrow.

The MCX Natural Gas December futures slipped after two day rally. Yesterday, the energy futures ended with a loss of more than 1.5 per cent at Rs 234 following international Natural Gas futures on forecasts for mild US temperatures.

BASE METAL

Copper March future is trading flat at $ 2.865.

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