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Tuesday, February 3, 2015

DAILY COMMODITY MARKET STRATEGY-4 Feb 2015

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BULLION

Gold April and Silver March futures are trading on a flat note at $ 1,261.50 and $ 17.303, respectively.Platinum April future is marginally in red zone at $ 1,236.45.

ENERGY

Crude Oil March future has dropped over 1.5 per cent at $ 52.24.Brent Oil March future has jumped 1.2 per cent at $ 57.68.Natural Gas March future has added 0.4 per cent at $ 2.771.

The Crude MCX February futures posted third day of strong gains. On Tuesday, the energy futures soared nearly 6 per cent (173) to Rs 3,226 owing to huge gains in international Crude Oil prices as dollar plunges.In the process, the commodity has galloped over 17 per cent (Rs 472).

BASE METAL

Copper March future has advanced 0.6 per cent at $ 2.592.

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