COMMODITY
MARKET OUTLOOK
Gold remained under pressure ahead of a closely-watched U.S. retail
sales report.
Base Metal Silver prices seen supported as the market waited for clues
on the timing of interest rate rises in the United States.
Crude oil prices dropped after data showing large weekly builds in U.S.
petroleum products offset a surprise draw in crude stockpiles.
Copper climbed as strong economic data from China fuelled speculation of
strengthening demand.
Zinc prices gained as recent economic indicators in China pointed to
brighter demand prospects.
Nickel dropped after the Philippines deferred releasing the results of a
mining audit until next week.
Natural gas dropped on concerns that hot weather in the next two weeks
will be insufficient to shrink growing stockpiles.
Commodity
Market update:-
GOLD
PP-31052
R1- 31101 S1-30988
R2- 31165 S2-30939
SILVER
PP-45616
R1-45824 S1-45396
R2-46044 S2-45188
CRUDE OIL
PP-2967
R1- 3008 S1-2896
R2- 3079 S2-2855
NATURAL GAS
PP-194.5
R1- 198.2 S1-189.7
R2- 203.0 S2-186.0
COPPER
PP-320.5
R1- 325.1 S1-318.0
R2- 327.6 S2-313.4

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