DAILY COMMODITY MARKET STRATEGY-3 Dec 2014

MCX Natural Gas December futures plunged. Yesterday, MCX Natural Gas futures witnessed sharp fall of 2.4 per cent at Rs 240 owing to significant fall in the international Natural Gas market.

The MCX December Crude Oil contracts tumbled back into the negative territory. On Tuesday, the energy futures rallied as much as Rs 4,318, but however shaved-off gains and ended with a significant loss of 1.5 per cent (Rs 64) Rs 4,207 owing to weakness in the global Crude Oil market.

BULLION

Gold February and Platinum January futures are trading on a flat note at $ 1,200.00 and $ 1,217.80, respectively.Silver March future has shed 0.4 per cent at $ 16.390.

ENERGY

Crude Oil January future has jumped 1.2 per cent at $ 67.68.Brent Oil January has advanced 0.6 per cent at $ 71.15.Natural Gas January future is down 0.4 per cent at $ 3.854.

BASE METAL

Copper March future is trading on a soft note at $ 2.883.

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