DAILY COMMODITY MARKET STRATEGY-17 Apr 2015

BULLION

Gold June and Platinum July futures are trading on a soft note in early trade at $ 1,197.40 and $ 779.80, respectively.Silver May contract has declined 0.4 per cent at $ 16.218.

ENERGY

Crude Oil May delivery has tumbled over a per cent to $ 56.04.Brent Oil June future has also shed almost a per cent at $ 63.29.Natural Gas May contract has added 0.2 per cent at $ 2.689.

The MCX Crude Oil April futures have extended gains for the sixth day in a row, owing to steep rally in NYMEX Crude Oil futures.On Thursday, Crude Oil prices gained to reach a high at Rs 3,580, before signing off the day with a notable gain of almost 2 per cent (Rs 63) at Rs 3,559.

BASE METAL

Copper May future is almost unchanged at $ 2.776.

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