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Tuesday, 27 December 2016

DAILY COMMODITY MARKET STRATEGY- 27 Dec 2016

BULLION

Silver March 2017 future has advanced around a percent at $ 15.878.Gold February contract has gained 0.4 percent at $ 1,138 an ounce.Platinum April delivery has also spurted almost a percent at $ 903.Refined gold prices gained on Monday. Levels of INR 27,054 per 10 grams were noticed during the closing, with gains of 0.22 percent.Till the prices of Gold are below INR 27,100 there are less chances that the prices will see any extreme moves on higher side.Further losses from here can take yellow metal towards INR 26,900 and 26,850 per 10 grams. On higher side, Gold will be resisted at Rs 27,200 per 10 grams.

ENERGY

Natural Gas February expiry is trading on a strong note - up 2.5 percent to $ 3.772.Crude Oil February future is marginally up at $ 53.14 a barrel.Brent Oil March contract is almost unchanged at $ 55.89.

BASE METAL

Copper March delivery has declined 0.5 percent at $ 2.464.

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