Tuesday 9 May 2017

DAILY COMMODITY MARKET TREND & NEWS REPORT 10 MAY 2017.

COMMODITY MARKET OUTLOOK
GOLD
Gold dropped sliding to the lowest level in around eight weeks amid fading demand for safe-haven assets.

SILVER
Silver fell as the election of centrist Emmanuel Macron as French president reduced demand for bullion as a safe haven.

CRUDE OIL
Crude oil dropped rattled by concern over slowing demand, a rising U.S. dollar and increasing U.S. crude output.

COPPER
Copper inched up as some investors looked for bargains after sharp overnight losses on fresh signs of a slowdown in Chinese demand.

Natural gas
Natural gas gained as traders monitored shifting weather forecasts to assess the outlook for spring demand and supply levels.



COMMODITY MARKET LEVELS:-
GOLD
P. POINT- 28032
S1 -27890                                                                   R1-28113
S2 -27809                                                                   R2-28255

SILVER
P. POINT-37889
S1 - 37621                                                                 R1-38058
S2 - 37452                                                                 R2-38326

COPPER
P. POINT-358
S1- 356                                                                        R1-361
S2- 352                                                                        R2-364

NATURAL GAS
P. POINT-208
S1 -206                                                                        R1-211
S2 -203                                                                        R2-213

CRUDE OIL
P. POINT-2982
S1 -2940                                                                    R1-3012

S2 -2910                                                                    R2-3054

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