COMMODITY MARKET OUTLOOK REPORT 26 AUGUST 2016.

COMMODITY MARKET NEWS UPDATE

Gold seen under pressure from upbeat U.S. data in the run-up to a speech by Fed’ Yellen that will be watched for clues on monetary policy.

Base Metal Silver dropped adding to losses after a pair of U.S. economic reports increased the chances of an interest rate increase in coming months.

Crude oil recovered trimming this week's losses despite reports suggesting Saudi will not curb production.

Copper dropped as prices seen under pressure from a rise in LME copper stocks, bringing total stocks to 263,875, a jump of 72 percent since June 1.

Zinc ended up as investors continued to bet that lower mine output would create shortages.

Nickel dropped after worries eased that an environmental crackdown on mines in the Philippines would create shortages of metal.

Natural gas prices rallied in a series of far-below-average storage additions convincing traders a glut is easing.

Commodity Report News

GOLD

PP-30944

S1 - 30840                                         R1-31035

S2- 30740                                          R2-31145

SILVER

PP-43700

S1 - 43481                                          R1-43880

S2- 43302                                           R2-44095

COPPER

PP-308.3

S1 -306.7                                            R1-309.7

S2- 305.7                                            R2-310.9

NATURAL GAS

PP-189.7

S1 – 187.6                                          R1-193.2

S2-   184.1                                          R2-195.3

CRUDE OIL

PP-3154

S1 - 3129                                           R1-3184

S2- 3099                                            R2-3209

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