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Wednesday, January 21, 2015

DAILY COMMODITY MARKET STRATEGY-22 Jan 2015

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Gold February future is marginally down at $ 1,292.60.Silver March contract has declined 0.3 per cent at $ 18.145.Platinum April delivery is slightly up at $ 1,275.25.

ENERGY

Crude Oil March future has shed nearly a per cent at $ 47.43.Brent Oil March expiry has advanced 0.4 per cent at $ 48.88.Natural Gas February contract has rallied 1.5 per cent to $ 3.029.

The MCX Natural Gas January futures have rebounded into the positive territory in yesterday's trade. The energy futures gained to reach a high of Rs 186, before signing off the day with a gain of 2 per cent at Rs 179 following NYMEX Natural Gas prices on account of bargain-hunting.

BASE METAL

Copper March delivery has moved down 0.3 per cent at $ 2.599.

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