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Tuesday, 28 February 2017

DAILY COMMODITY MARKET STRATEGY- 28 Feb 2017

Best Commodity Tips, BULLION

Silver May and Gold April futures have declined 0.3-0.4 percent each at $ 18.358 and $ 1,254 per ounce, respectively.Platinum April contract is up 0.2 percent at $ 1.034.

ENERGY

Crude Oil April and Brent Oil May series have gained over 0.3 percent each at $ 54 and $ 56.61 a barrel, respectively.Natural Gas April expiry is marginally up at $ 2.695.US crude oil edged higher for a second day on Tuesday, underpinned by high compliance with OPEC's production cuts even as the market remains anchored by rising US production.US producers boosted crude production to over 9 million bpd during the week ended Feb. 17 for the first time since April 2016 as energy firms search for more oil, according to federal data.

BASE METAL

Copper May delivery is almost unchanged at $ 2.697.

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