DAILY COMMODITY MARKET STRATEGY-20 Mar 2015

BULLION

Gold April and Silver May futures are trading on a flat note at $ 1,170.20 and $ 16,112, respectively.Platinum April future is trading on a soft note at $ 1,122.05.

ENERGY

Crude Oil May future is up 0.2 per cent to $ 45.65.Brent Oil May future has gained 0.4 per cent at $ 54.58.Natural Gas April future is trading on a static note at $ 2.827.

The MCX Crude Oil March futures rebounded into the positive territory on Thursday, but could not manage to clear the lower-end of the Bollinger Band (Rs 2,705).

Yesterday, the energy futures gained to reach a high at Rs 2,754, before settling with a significant gained of 1.5 per cent (Rs 40) at Rs 2,706 on account of renewed buying due to its march series expiry on 19 March.

BASE METAL

Copper May future is trading on a soft note at $ 2.658.

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