DAILY COMMODITY MARKET STRATEGY-8 Oct 2015

BULLION

Silver December future is witnessing heavy losses in early trade, the precious metal is down around 3 percent at $ 15.655.Platinum January 2016 contract has shed almost a percent at $ 938.90.Gold December delivery has declined 0.5 percent at $ 1,143.

MCX Gold December futures today may face resistance around Rs 26,700-26,740-26,785, while seek support around Rs 26,410-26,370-26,320.

ENERGY

Crude Oil November future has gained 0.5 percent at $ 48.06.Brent Oil November expiry is quoted at $ 51.52 - down 0.3 percent.Natural Gas November contract is up 0.2 percent at $ 2.478.

BASE METAL

Copper December delivery has moved down almost a percent at $ 2.348.

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