COMMODITY MARKET NEWS UPDATE 14 SEPTEMBER 2016

COMMODITY MARKET OUTLOOK

Gold prices remained in the range following remarks from a Federal Reserve official signalling the possibility for a near term U.S. rate hike.

Base Metal Silver prices remained supported with views on chances for a U.S. rate hike next week squarely in focus and upbeat data from China.

Crude oil prices dropped after the IEA cut its demand forecast and warned supply will continue to outpace demand well into 2017.

Copper gained after Chinese economic data beat forecasts and as a dovish tone from Fed official curbed speculation a U.S. interest rate hike is imminent.

Zinc dropped due to profit booking as weakness in equities dented risk appetite.

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

Natural gas prices gained amid expectations of warm weather that raised hopes for another week of higher demand for natural gas.

Commodity Market update:-

GOLD

PP-31092

R1- 31167                                    S1-31005

R2- 31254                                    S2-30930

SILVER

PP-45567

R1-45784                                    S1-45284

R2-46067                                    S2-45067

CRUDE OIL

PP-3042

R1- 3077                                    S1-2994

R2- 3120                                    S2-2964

NATURAL GAS

PP-195.7

R1- 197.3                                    S1-194.5

R2- 198.5                                    S2-192.9

COPPER

PP-315.8

R1- 317.2                                    S1-314.7

R2- 318.3                                    S2-313.3

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