Commodity market news update:-
Gold settled flat as markets shifted focus
from comments by Fed official over the weekend to a meeting of global central
bankers later this week.
Base Metal Silver settled flat ahead of a
speech by Fed’s Janet Yell-en later this week that could provide clues about the timing of a U.S interest rate hike.
Crude oil prices ended with gains on report
that Iran may support coordinated crude-output freeze.
Natural gas rallied above 184 level as
forecasts for warmer than normal temperatures across the US in the days ahead.
Zinc prices settled up at 154.75 as lower
mine supply has eroded feed for smelters.
Nickel prices ended with losses as pressure
seen with a stronger dollar hitting the prices.
Ref soy oil ended with flat node amid
expectation of higher supply. Cereals Mentha oil prices gained amid a pickup in
physical demand from major consuming industries in the domestic spot Oil and Oil seeds & Others market.
Soybean prices gained on short covering after
prices dropped tracking reports of better production due to good monsoon Energy
Copper prices slipped below 314 level to six-week lows on market jitters over
the timing of U.S. interest rate rises.
Commodity market
price:-
Gold
PP -31349
R1-31440 S1-31280
R2-31500 S2-31195
Silver
Pp - 44609
R1- 44768 S1-44338
R2- 45040 S2-44185
Copper
PP-315.3
R1-317.3 S1-312.0
R2-320.6 S2-310.0
Natural Gas
PP-182.2
R1- 186.5 S1-179.8
R2-188.9 S2- 175.2
Crude oil
pp-3211
R1-3284 S1-3167
R2-3328 S2-3098
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