COMMODITY MARKET NEWS UPDATE 16 SEPTEMBER 2016.

COMMODITY MARKET OUTLOOK

Gold prices dropped as investors digested the release of a host of U.S. economic data.

Base Metal Silver recovered to end with gains after prices slipped as the dollar and equities edged upwards, curbing the metal's demand ahead of Fed meeting.

Crude oil recovered on short covering after prices dropped that returning Libyan and Nigerian exports would stoke a global supply glut.

Copper gained as prices remained supported as China's economy shows signs of finding its feet.

Zinc prices ended with losses tracking weakness in LME prices due to profit booking.

Nickel slumped to the lowest in more than two months after worries eased that an environmental crackdown in Philippines would create shortages.

Natural Gas settled up at 195.90 erases earlier losses after stockpile data grew last week.

 Commodity Market update:-

GOLD

PP-30960

R1- 31128                                    S1-30742

R2- 31346                                    S2-30574

SILVER

PP-45663

R1-46046                                    S1-45255

R2-46454                                    S2-45872

CRUDE OIL

PP-2938

R1- 2976                                    S1-2909

R2- 3005                                    S2-2871

NATURAL GAS

PP-194.3

R1- 198.6                                    S1-191.6

R2- 201.3                                    S2-187.3

COPPER

PP-323.6

R1- 324.8                                    S1-321.9

R2- 326.1                                    S2-320.3

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