COMMODITY
MARKET OUTLOOK
Gold dropped after data showing faster-than-expected growth in U.S.
consumer prices last month helped support the case for Fed to raise interest
rates.
Silver prices dropped as a stronger U.S. dollar and jitters over
the path of monetary policy weighed on demand.
Crude oil prices ended with losses as rising exports in Iran,
Libya and Nigeria sparked fresh supply glut concerns.
Copper prices remained supported after latest Chinese economic data
suggested stronger growth in the next few months.
Zinc prices continued its weakness on profit booking after prices
rallied on worries about shortages due to mine closures.
Nickel ended with small gains on short covering, prices dropped by
nearly six percent on weekly basis amid fading threat to Philippine mine
supply.
Natural gas prices gained after weather reports suggested more heat and
high demand for gas-fired power throughout September.
Commodity
Market update:-
GOLD
PP-30849
R1- 31005 S1-30764
R2- 31040 S2-30715
SILVER
PP-45308
R1-45565 S1-45016
R2-45857 S2-44759
CRUDE OIL
PP-2894
R1- 2915 S1-2863
R2- 2946 S2-2842
NATURAL GAS
PP-196.4
R1- 200.5 S1-194.0
R2- 202.9 S2-189.4
COPPER
PP-323.7
R1- 325.3 S1-322.6
R2- 326.4 S2-321.0
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