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Monday, June 1, 2015

DAILY COMMODITY MARKET STRATEGY-2 Jun 2015

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BULLION

Gold August and Platinum July futures are marginally in early trade at $ 1,187.20 and $ 1,102.15, respectively.Silver July delivery is almost unchanged at $ 16.688.

ENERGY

Crude Oil July contract is slightly up at $ 60.23.Brent Oil and Natural Gas July series are down 0.2 percent each at $ 64.85 and $ 2.651, respectively.

Crude Oil prices moved lower on the first trading day of the week and settled at Rs 3,830 per barrel last week. Crude Oil was at Rs 3,869 per barrel a day before on 29 May 2015.

BASE METAL

Copper July delivery has advanced 0.4 percent at $ 2.724.Copper is now eyeing to find some friction at Rs 378 per kg on the lower side. Breaking this level would mean heavy trouble for the metal and prices can then move to Rs 365 per kg.

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and commodity market. 

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