DAILY COMMODITY MARKET STRATEGY-18 Dec 2014

BULLION

Gold February future has gained 0.2 per cent at $ 1,197.60.Silver March future has added 0.3 per cent at $ 15.977.Platinum January future has spurted nearly a per cent at $ 1,202.90.

ENERGY

Crude Oil February future is trading on a soft note at $ 2.873.Brent Oil February future has advanced almost a per cent at $ 1,202.95.Natural Gas January future has added a per cent at $ 782.20.

The MCX Crude Oil for December futures bounced back into green after three day fall. On Wednesday, the energy futures slipped to a low of Rs 3,457, but however recovered losses and ended with a significant gain of nearly 3 per cent (Rs 99) to Rs 3,672 on account of value-buying ahead of its December contract expiry today.

The MCX December Natural Gas futures on Wednesday rallied as much as Rs 238, but however erased gains and ended on a flat note at Rs 235 despite strong international Natural Gas prices.

BASE METAL

Copper March future is marginally negative at $ 3.702.

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