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Monday, May 4, 2015

DAILY COMMODITY MARKET STRATEGY-5 May 2015

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BULLION

Gold June and Silver July futures are trading on a flat note in early trade at $ 1,186.90 and $ 16.443, respectively.Platinum July contract is almost unchanged at $ 1,147.55.

ENERGY

Crude Oil and Brent Oil June series are down 0.2 percent each at $ 58.84 and $ 66.33, respectively.Natural Gas June contract is slightly down at $ 2.806.

The MCX Natural Gas May futures have been trading higher for the fifth day in a row, owing to steep rally in NYMEX Natural Gas market.Yesterday, the energy futures tested a high at Rs 180, before signing off the day - with a gain of 0.3 percent at Rs 179.

BASE METAL

Copper July future is down 0.15 percent at $ 2.907.

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