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Sunday, June 14, 2015

DAILY COMMODITY MARKET STRATEGY-15 Jun 2015

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BULLION

Gold August future is marginally down in early trade at $ 1,180.90.Silver July contract has gained 0.4 percent at $ 16.890.Platinum July delivery is slightly down at $ 1,094.
Gold prices ended static on Friday and remained moving below Rs 26,950. The prices ended the day at Rs 26,894 per 10 grams on 12 June 2015 against Rs 26,892 per 10 grams on 11 June 2015.

ENERGY

Crude Oil and Brent Oil August series have shed 0.4-0.5 percent each at $ 60.18 and $ 64.33, respectively.Natural Gas July contract has jumped over 1.5 percent to $ 2.804.
Crude oil prices lost  in the session on Friday and ended at Rs 3,859 against Rs 3,895 a day before.The prices of Crude Oil have been in a range of Rs 3,900-3,700. The prices have failed to breach this range in last one week.

BASE METAL

Copper July future has declined 0.5 percent at $ 2.667.

MCX Copper June expiry contract gained on Friday. Prices moved above Rs 380 per kg that was acting as a formidable resistance. Copper ended the day at Rs 380.7 on 12 June 2015 against 378.90 per kg on 11 June 2015.

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