DAILY COMMODITY MARKET STRATEGY-14 May 2015

BULLION

Gold June future in early morning deals has declined 0.5 percent at $ 1,212.20.Silver July contract has shed almost a percent at $ 17.080.Platinum July delivery is marginally down at $ 1,148.65.

ENERGY

Crude Oil June future has dropped 0.5 percent at $ 60.20.Brent Oil July and Natural Gas June series have added 0.2 percent at $ 67.05 and $ 2.943, respectively.

MCX Crude Oil prices slightly below the higher-end of the Bollinger Band (Rs 3,940). The energy futures need to clear and sustain above Rs 3,940-odd level to gain fresh momentum.

The Crude Oil delivery tested a high at Rs 3,965, following NYMEX Crude Oil futures. The commodity settled with a gain of over 0.5 percent at Rs 3,909.

BASE METAL

Copper July future is trading with a loss of 0.3 percent at $ 2.924.

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