COMMODITY MARKET OUTLOOK TODAY REPORT 25 AUGUST 2016.

COMMODITY REPORT UPDATE

Gold dropped as the dollar strengthened and markets looked ahead to a speech by Federal Reserve Chair Janet Yellen.

 Base Metal Silver traded in a narrow range as investors waited for clues on whether the U.S. Federal Reserve would hike interest rates this year.

Crude oil tumbled after an unexpectedly large inventory build in the world's biggest oil consumer renewed worries about oversupply.

Copper prices ended with losses as the highest stockpiles in almost seven months suggest the market is amply supplied.

 Zinc dropped tracking other metals and update that China's imports of zinc slumped on the month in July.

 Nickel prices ended with losses as fears fade over a wholesale halt to Philippine ore exports.

Natural gas rallied to settle above 188 levels on increased concerns that a storm could hit the Gulf of Mexico.

COMMODITY MARKET UPDATE:-

GOLD

PP-31143

R1- 31259                                                       S1-30930

R2- 31460                                                       S2-30810

SILVER

PP-44012

R1- 44302                                                       S1-43476

R2-44838                                                        S2-43186

COPPER

PP-310.4

R1-312.7                                                         S1-306.5

R2- 316.6                                                        S2-304.2

CRUDE OIL

PP-3166

R1-3200                                                          S1-3114

R2-3252                                                          S2-3080

NATURAL GAS

PP-187.5

R1- 190.2                                                       S1-185.5

R2- 192.2                                                       S2-182.8

COMMODITY MARKET UPDATE, BASE METAL SERVICES,MCX TIPS,ENERGY SERVICES.

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