DAILY COMMODITY MARKET STRATEGY-20 Aug 2015

BULLION

Silver September future spurted a percent this morning at $ 15.330.Gold December delivery has advanced over 0.5 percent at $ 1,135.70.Platinum October contract has gained 0.4 percent at $ 1,020.30.

Gold prices were seen at Rs 26,196 on 20 August 2015 against Rs 26,008 per 10 grams on 19 August 2015.Gold price tested a high of Rs 26,239 per 10 grams on 20 August 2015 and a low of Rs 25,919 per 10 grams.

ENERGY

Crude Oil October expiry has shed almost a percent at $ 40.94.Brent Oil October and Natural Gas September series are almost unchanged at $ 46.84 and $ 2.709, respectively.

On Wednesday, Crude Oil tested a high of Rs 2,841 and a low of Rs 2,670 per barrel. Open interest of Crude Oil was at 36,331 on 20 Aug against 15,139 a day before.

BASE METAL

Copper September contract is flat at $ 2.275.On Thursday trading gains are expected to get resisted at Rs 330 and 333 per kg. Floor for Copper is at Rs 325 and Rs 320 per kg.

The high for Copper on Wednesday was at Rs 331.45 per kg, and a low of Rs 326.10 per kg was tested.

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