MCX TIPS | DAILY COMMODITY MARKET OUTLOOK REPORT 27 OCT 2016.

COMMODITY MARKET OUTLOOK

Gold prices inched down as the U.S. dollar steadied, but underlying demand for bullion was seen as robust ahead of major festivals in India.

Base Metal Silver dropped as investor appetite for riskier assets such as equities, denting demand for bullion, often considered a safe haven.

 Crude oil dropped as doubts over OPEC's ability to organize a coordinated production cut weighed on markets.

Copper prices gains buoyed by brightening prospects for the U.S. economy.

Zinc prices dropped on profit booking after prices gained fuelled by surging prices for Chinese steel and a pick-up in manufacturing activities.

Nickel dropped on profit booking after gaining as gains in global manufacturing boosted speculation that demand will Spices improve for metals.

Natural gas fell as market players looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand.

Commodity Market update:-

GOLD

PP-29879

R1- 29956                                    S1-29758

R2- 30077                                    S2-29681

SILVER

PP-42246

R1- 42439                                    S1-41923

R2- 42762                                    S2-41730

CRUDE OIL

PP-3310

R1- 3342                                     S1-3265

R2- 3387                                     S2-3233

NATURAL GAS

PP-204.0

R1- 208.0                                    S1-196.6

R2- 215.4                                    S2-192.6

COPPER

PP-317.5

R1- 319.6                                    S1-316.2

R2- 320.9                                    S2-314.1

MCX TIPS | TODAY COMMODITY MARKET OUTLOOK REPORT 26 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold gained as the U.S. dollar retreated from multi-month highs and physical demand rose before India's late October festival season.

 Base Metal Silver rose buoyed by rising physical demand with investors cautious of a sentiment shift as the Fed nears a widely expected rate hike at the end of the year.

Crude oil settled flat reversing earlier gains as fading expectations of a coordinated production cut among major global oil producers weighed.

Energy Copper gained amid talk of further fiscal stimulus by top consumer China fuelled buying of commodities.

Zinc surged on worries about shortages and as a cut in capacity across China's steel and coal sectors buoyed prices.

Nickel gained after positive manufacturing data from U.S. and the euro zone added to optimism over the health of Spices the global economy.

Natural gas dropped as warmer-than-average weather in the Midwest prompted speculation that a mild winter will curtail demand.

Commodity Market update:-

GOLD

PP-29888

R1- 30037                                    S1-29794

R2- 31131                                    S2-29694

SILVER

PP-42341

R1- 42531                                    S1-42224

R2- 42648                                    S2-42034

CRUDE OIL

PP-3368

R1- 3400                                     S1-3322

R2- 3446                                     S2-3290

NATURAL GAS

PP-215.3

R1- 220.1                                    S1-206.3

R2- 229.1                                    S2-201.1

COPPER

PP-315.9

R1- 319.8                                    S1-313.4

R2- 322.3                                    S2-309.5

BULLION MARKET NEWS | TODAY COMMODITY MARKET UPDATE 25 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold prices slipped as the dollar strengthened on growing speculation that the U.S. Federal Reserve would hike interest rates in December.

 Base Metal Silver prices gains tracking base metals prices despite gold dropped amid stronger dollar and rising expectations of a Fed rate hike.

Crude oil dropped on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts.

Copper settled flat as pressure continues amid a stronger dollar and expectations of ample supply next year.

Zinc prices ended with gains fueled by a rise in risk appetite by investors.

 Nickel gained amid strong demand for stainless steel as well as the anticipated tightening of output from Philippines Spices following an audit of mine operations.

Natural gas dropped as forecasts for unseasonably warm weather spurred concern that a mild winter will erode demand for the heating fuel.

GOLD

PP-29799

R1- 29868                                   S1-29693

R2- 29974                                   S2-29624

SILVER

PP-42186

R1-42441                                     S1-41802

R2-42825                                     S2-41547

CRUDE OIL

PP-3368

R1- 3404                                      S1-3320

R2- 3452                                      S2-3284

NATURAL GAS

PP-195.9

R1- 201.0                                      S1-186.2

R2- 210.7                                      S2-181.1

COPPER

PP-311.4

R1- 312.1                                      S1-309.9

R2- 314.6                                      S2-308.7

MCX TIPS | TODAY COMMODITY MARKET UPDATES

COMMODITY MARKET OUTLOOK

Gold prices settled flat as a strong dollar limited gains, but prices notched its first weekly rise in four as seasonal demand from Asia kicked in.

Base Metal Silver prices ended with small gains as rising demand was offset by a strong dollar.

Crude oil edged higher as Russia reiterated its commitment to joining a producers' output freeze to stem a two-year slide in prices.

Copper prices dropped to the third weekly fall amid persistent signs of oversupply in the market. Zinc prices ended with losses continuing its weak trend on worries about falling demand.

Nickel prices extended its weak trend as industrial production in the Asian nation fell short of estimates.

Natural gas prices fell to a new two-week low under pressure from high stockpile levels and concerns over demand amid warm weather forecasts.

GOLD

PP-29990

R1- 30010                                   S1-29845

R2- 30075                                   S2-29745

SILVER

PP-41947

R1-42078                                     S1-41826

R2-42199                                     S2-41695

CRUDE OIL

PP-3400

R1- 3427                                      S1-3376

R2- 3451                                      S2-3349

NATURAL GAS

PP-203.7

R1- 206.4                                      S1-198.8

R2- 211.4                                      S2-196.0

COPPER

PP-311.2

R1- 312.1                                      S1-310.1

R2- 313.2                                      S2-309.2

MCX TIPS | TODAY COMMODITY MARKET UPDATE REPORT 21 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold eased slightly as dollar rose and ECB left interest rates unchanged, maintaining the parameters of its 1.74 trillion euro asset buying scheme.

Silver prices fell with a stronger dollar and the rising chances of rate hike weighing on the hedge commodity.

Crude oil dropped on profit-taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production.

Copper dropped as Chinese industrial production data for last month missed forecasts.

Zinc prices dropped as steps by China to cool its real estate market, dampened buying interest.

Nickel prices dropped after LME prices slid 1.9 percent to $10130 with the market experiencing reduced interest and Spices constant pressure from a multi-month high dollar.

Natural gas prices dropped as warm weather and heavy stockpiles continued to weigh on prices.

COMMODITY MARKET UPDATES

GOLD

PP-29951

R1- 30021                                   S1-29839

R2- 30133                                   S2-29769

SILVER

PP-42070

R1-42319                                     S1-41748

R2-42641                                     S2-41499

CRUDE OIL

PP-3416

R1- 3447                                      S1-3369

R2- 3494                                      S2-3348

NATURAL GAS

PP-210.4

R1- 213.5                                      S1-206.9

R2- 217.0                                      S2-203.8

COPPER

PP-311.6

R1- 313.1                                      S1-309.9

R2- 314.8                                      S2-308.4

MCX TIPS | TODAY COMMODITY MARKET UPDATE 20 OCTOBER 20106.

COMMODITY MARKET OUTLOOK

Gold rose as the dollar weakened amid uncertainty around the timing of a U.S. interest rate increase.

Base Metal Silver prices remained supported as a batch of mixed data on the U.S. housing market kept up pressure on the dollar.

Crude oil gained after the U.S. EIA reported an unexpectedly large U.S. oil inventory drawdown last week.

Copper dropped with China's economic growth meeting expectations in the third quarter.

 Zinc prices ended with gains tracking LME prices ended at $2,308 a tonne, up 1 percent despite Chinese industrial production missed forecasts.

Nickel dropped as LME nickel closed down 1 percent at $10,310 as Chinese industrial production data for last month Spices missed forecasts.

Natural prices dropped as forecasts showed warm weather through the end of October.

GOLD

PP-29884

R1- 30011                                   S1-29773

R2- 30122                                   S2-29643

SILVER

PP-42240

R1-42430                                     S1-42008

R2-42667                                     S2-41813

CRUDE OIL

PP-3449

R1- 3513                                      S1-3407

R2- 3555                                      S2-3343

NATURAL GAS

PP-212.7

R1- 215.2                                      S1-207.8

R2- 220.3                                      S2-215.2

COPPER

PP-311.7

R1- 313.5                                      S1-310.4

R2- 314.8                                      S2-308.6

TODAY COMMODITY MARKET OUTLOOK UPDATE 19 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold prices ended higher as a pullback in the U.S. dollar from a seven-month peak boosted the appeal of the precious metal.

 Base Metal Silver gains as disappointing U.S. inflation data was seen as easing pressure on the Federal Reserve to tighten monetary policy, weighing on dollar.

Crude oil prices gains as market players awaited details of a planned output cut by the Organization of the Petroleum Exporting Countries.

Copper prices ended with losses as traders sat on the sidelines ahead of key China economic reports despite of strong credit data in China.

Zinc prices gained as a surge in new credit in China pointed to a stabilizing economy in the world’s biggest commodities buyer.

Nickel ended with gains as prices found support from data that showed a drop in mine supply.

Natural gas prices gained driven by uncertainty about winter forecasts.

Commodity Market update:-

GOLD

PP-29769

R1- 29858                                   S1-29698

R2- 29929                                   S2-29609

SILVER

PP-42174

R1-42370                                     S1-41978

R2-42566                                     S2-41782

CRUDE OIL

PP-3345

R1- 3369                                      S1-3316

R2- 3498                                      S2-3292

NATURAL GAS

PP-218.70

R1- 220.3                                      S1-216.1

R2- 222.9                                      S2-214.5

COPPER

PP-313.3

R1- 314.3                                      S1-311.5

R2- 316.1                                      S2-310.5

TODAY COMMODITY MARKET OUTLOOK REPORT 17 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold fell as the dollar rose after U.S. economic data came in within expectations cementing assumptions of an interest rate increase by the Federal Reserve by year-end.

Base Metal Silver prices dropped with market participants seeing further downside for the precious metal in the near-term amid US dollar strength.

Crude oil dropped as abundant crude supplies outweighed tighter U.S. fuel inventories and OPEC's plans to cut output.

Copper slipped after Europe's biggest smelter cut the premium it will charge customers for copper cathode next year, highlighting over-supply and weak demand.

Zinc prices ended with gains on short covering tracking firmness in LME prices settling up by 0.8% at $2258.

Nickel gained getting some support after the Philippines' environment minister said she wanted to ban new mines to Spices clamp down on damage.

Natural gas prices dropped following U.S. government data that showed a smaller-than-expected addition to stockpiles.

Commodity Market update:-

GOLD

PP-29614

R1- 29768                                   S1-29503

R2- 29879                                   S2-29349

SILVER

PP-41852

R1-42137                                     S1-41537

R2-42452                                     S2-41252

CRUDE OIL

PP-3361

R1- 3394                                      S1-3307

R2- 3448                                      S2-3274

NATURAL GAS

PP-220.20

R1- 222.6                                      S1-215.9

R2- 226.9                                      S2-213.5

COPPER

PP-314.3

R1- 315.9                                      S1-311.4

R2- 318.8                                      S2-309.8

TODAY COMMODITY MARKET REPORT UPDATE 14 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold edged higher as the dollar declined and after world shares slipped following renewed worries about China's economy.

Base Metal Silver prices edged lower as stocks firmed and the U.S. dollar rose on expectations the Federal Reserve would raise interest rates by year-end.

Crude oil prices gained after a U.S. government report showing hefty draws in diesel and gasoline offset the first crude inventory build in six weeks.

Copper dropped after China's September trade data showed a sharp decline in exports, raising fresh concerns about the health of the economy.

Zinc prices dropped as pressure seen on the prospect of improving supply.

Nickel on MCX settled down -1.44% as pressure seen on profit booking after the dollar hit a seven-month high.

Natural gas prices rallied after data showed that natural gas supplies in storage in the U.S. rose less than expected last week.

Commodity Market update:-

GOLD

PP-29762

R1- 29832                                   S1-29639

R2- 29955                                   S2-29569

SILVER

PP-42047

R1-42243                                     S1-41694

R2-42596                                     S2-41498

CRUDE OIL

PP-3351

R1- 3399                                      S1-3317

R2- 3433                                      S2-3269

NATURAL GAS

PP-220.30

R1- 228.6                                      S1-215.4

R2- 233.5                                      S2-207.1

COPPER

PP-318.1

R1- 320.9                                      S1-313.1

R2- 325.9                                      S2-310.3