DAILY COMMODITY MARKET STRATEGY- 29 Apr 2016

BULLION

Gold June and Silver May futures have advanced almost a percent each at $ 1,277.05 and $ 17,800, respectively.Platinum July contract has also gained almost a percent at $ 1,062.10.

June expiry Gold futures on MCX posted a smart recovery in the intraday trades ending 28 April 2016. The prices closed at Rs 29,383 per 10 grams, gaining 1 percent.

ENERGY

Crude Oil and Brent Oil June series are unchanged at $ 46.04 and $ 47.80, respectively.Natural Gas June expiry has added 0.5 percent at $ 2.070.

Crude Oil May futures gained 2.8 percent in a single day to Rs 3,068 per barrel. The last few weeks have been buying sessions for Crude Oil.

BASE METAL

Copper July future has spurted a percent at $ 2.250.Copper showed depletion in the trades ending Thursday and ended at Rs 325.85 per kg. The prices are expected to gain on Thursday after three consecutive declines seen in the April futures.

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