MCX TIPS | DAILY COMMODITY MARKET OUTLOOK REPORT 27 SEPTEMBER 2016.

COMMODITY MARKET OUTLOOK

Gold prices remained in range as investors squared positions ahead of debate between Donald Trump and Hillary Clinton.

Base Metal Silver dropped with focus switching to a U.S. presidential debate which could prove a key pointer to the outcome of November's election.

Crude oil rallied on chance of OPEC action to support prices.

Copper edged lower as LME prices dropped by 0.3%, with losses limited by expectations of a revival in Chinese Demand.

Zinc prices gained after a report showed the global market for refined zinc was in deficit from January to July.

Nickel dropped as nagging concerns about demand took the shine off last week’s rally on the possibility of more mine Closures.

Natural gas prices rose back toward 200 marks with strong demand and hopes.

Commodity Market update:-

GOLD

PP-31296

R1- 31381                                    S1-31242

R2- 31435                                    S2-31157

SILVER

PP-46537

R1-46764                                    S1-46274

R2-47027                                    S2-46047

CRUDE OIL

PP-3050

R1- 3122                                    S1-3011

R2- 3161                                    S2-2939

NATURAL GAS

PP-199.1

R1- 201.6                                    S1-197.3

R2- 203.4                                    S2-193.8

COPPER

PP-326.4

R1- 328.0                                    S1-325.3

R2- 329.1                                    S2-323.7