HERE ARE TRENDS AND UPDATES ON COMMODITIES MARKET 05 MAY 2017.

COMMODITY MARKET OUTLOOK

GOLD

Gold prices dropped on expectations of further U.S. interest rate increases this year and receding political uncertainty in Europe.

SILVER

Silver prices dropped after the Federal Reserve left the door open to raising interest rates in June.

CRUDE OIL

Crude oil ended with losses on supply glut concerns as official data showed U.S. crude stocks fell less than expected.

COPPER

Energy Copper prices ended with losses on rising inventories and worries over cooling demand.

Natural gas

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

Zinc prices dropped tracking LME prices closed 0.2 percent down hurt by weaker steel prices in China.

Nickel dropped tracking weak LME prices following the decision by parliament in the Philippines to reject the Spices appointment of an environment minister.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 28154

S1 -27937                                                                   R1-28288

S2 -27803                                                                   R2-28505

SILVER

P. POINT-38162

S1 - 37718                                                                 R1-38497

S2 - 37383                                                                 R2-38941

COPPER

P. POINT-359

S1- 355                                                                        R1-362

S2- 351                                                                        R2-366

NATURAL GAS

P. POINT-205

S1 -202                                                                       R1-207

S2 -200                                                                        R2-211

CRUDE OIL

P. POINT-2978

S1 -2877                                                                    R1-3032

S2 -2823                                                                    R2-3133