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Monday, September 21, 2015

DAILY COMMODITY MARKET STRATEGY-22 Sep 2015

Stock Tips
BULLION

Silver December future is down 0.2 percent in early trade at $ 15.190.Gold December and Platinum October series are trading flat at $ 1,133.10 and $ 972,respectively.

MCX Gold October futures today may seek support around Rs 26,245-26,215-26,185, while face resistance around Rs 26,445-26,475-26,505.

ENERGY

Crude Oil November contract has slipped almost a percent at $ 46.50.Brent Oil November delivery is slightly up at $ 48.55.Natural Gas November future is quoted at $ 2.568 - down 0.3 percent.

BASE METAL

Copper December contract has declined 0.4 percent at $ 2.380.On Tuesday trading gains are expected to get resisted at Rs 355 and 357 per kg. Floor for Copper is at Rs 349 and Rs 345 per kg.

The high for Copper on Monday was at Rs 354.65 per kg, and a low of Rs 349.90 per kg was tested.

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