DAILY COMMODITY MARKET STRATEGY-30 Mar 2015

BULLION

Gold April future has slipped 0.5 per cent at $ 1,194.60.Silver May future has shed over a per cent at $ 16,892.Platinum April future is dowm 0.3 per cent at $ 1,133.85.

ENERGY

Crude Oil May future has dropped 1.5 per cent at $ 48.15.Brent Oil May is down 0.3 per cent at $ 56.07.Natural Gas April future has shed over a per cent at $ 2.628.

The April MCX Crude Oil futures after facing strong resistance above the higher-end of the Bollinger Band (Rs 3,290), however reversed its gains in Friday's trade and ended with a significant loss of over 3 per cent (Rs 101) at Rs 3,152. The fall in the energy futures was on account of profit-booking after the commodity galloped 11 per cent in three trading sessions.

The MCX Natural Gas logged losses for the third day in a row, owing to set fall in NYMEX Natural Gas prices after US natural gas supplies rose for the first time since last April.

On Friday, the energy futures tumbled as much as 2.3 per cent and seek support at the lower-end of the Bollinger Band at Rs 166.

BASE METAL

Copper May future is trading on a flat note at $ 2.767.

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