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Tuesday, August 25, 2015

DAILY COMMODITY MARKET STRATEGY-26 Aug 2015

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BULLION

Silver September future has declined 0.3 percent in early trade at $ 14.570.Platinum October delivery has added 0.2 percent at $ 979.85.Gold December contract is marginally down at $ 1,137.30.

Gold prices were seen at Rs 26,740 on 25 August 2015 against Rs 27,448 per 10 grams on 24 August 2015.

ENERGY

Crude Oil October expiry is slightly down at $ 39.25.Brent Oil October future has gained 0.5 percent at $ 43.15.Natural Gas October delivery is quoted at $ 2.689 - down 0.3 percent.

On Tuesday, Crude Oil tested a high of Rs 2,662 and a low of Rs 2,600 per barrel. Open interest of Crude Oil was at 39233 on 24 Aug against 34639 a day before.

BASE METAL

Copper September future is down 0.2 percent at $ 2.291.Copper August is at Rs 334 and Rs 332 per kg. The high for Copper on Tuesday was at Rs 338.70 per kg, and a low of Rs 330.50 per kg was tested.

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