DAILY COMMODITY MARKET STRATEGY- 22 Dec 2016

BULLION

Gold February and Silver March 2017 futures are slightly down at $ 1,132 an ounce and $ 15.957, respectively. Platinum January delivery is down 0.2 percent at $ 916.

ENERGY

Crude Oil February and Brent Oil February contracts have gained 0.3 percent each at $ 52.64 and $ 54.64 a barrel, respectively.Natural Gas January expiry is almost unchanged at $ 3.565.Crude Oil picked strength in the session ending Wednesday and ended with gains to the tune of almost 2.03 percent. The prices of Crude Oil ended the session at INR 3,567 per barrel.December expiry contract of Crude Oil tested a high of INR 3,663 per barrel. A low of INR 3,562 per barrel was registered during the day.

BASE METAL

Copper March delivery is quoted at $ 2.488 - down 0.2 percent.Copper ended the session on 21 Nov 2016 at INR 375.30 per kg. The prices tested a high of INR 378.50 per kg and a low of INR 374.85 per kg.Indian Copper is swinging between Rs 380 and as INR 370 zones. The prices gained briefly above Rs 378 per kg on Wednesday but was not able to hold.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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