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Wednesday, 21 December 2016

DAILY COMMODITY MARKET STRATEGY- 21 Dec 2016

Best Commodity Tips
BULLION

This morning Gold February and Silver March 2017 futures are up 0.3 percent each at $ 1,136 an ounce and $ 16.152, respectively.Platinum January delivery is down 0.2 percent at $ 920.

ENERGY

Crude Oil February and Natural Gas January series have gained 0.4 percent each at $ 53.50 a barrel and $ 3.325, respectively.Brent Oil February contract has also added 0.3 percent at $ 55.53.Crude Oil picked strength in the session ending Tuesday and ended with gains to the tune of almost a percent. The prices of Crude Oil ended the session at INR 3,640 per barrel.December expiry contract of Crude Oil tested a high of INR 3672 per barrel. A low of INR 3599 per barrel was registered during the day.Gains in Crude Oil can take prices towards Rs 3690 and 3700 per barrel.On the lower side Rs 3,400 and 3,350 per barrel are the noted supports.

BASE METAL

Copper March delivery is quoted at $ 2.510 - up 0.2 percent.

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