Monday, 19 September 2016

TODAY COMMODITY MARKET OUTLOOK REPORT 20 SEPTEMBER 2016.

COMMODITY MARKET OUTLOOK

Gold prices rose as the dollar slipped, with the market waiting for clues on the timing of a rise in U.S. interest rates.
Silver prices remained supported as the U.S. dollar slipped amid expectations of no rate change from the Federal Reserve this week
Crude oil prices ticked higher after Venezuelan said that OPEC and non-OPEC countries were "close" to reaching a deal.
Copper dropped as concerns about persistent oversupply outweighed upbeat Chinese economic data.
Zinc gained after the update that global zinc demand growth is set to marginally outpace production growth between now and 2020.
Nickel rallied more that 4% as the Philippines said it may suspend more mines after the completion of a nationwide audit.
Natural gas dropped on profit booking from the highest level amid forecasts for warmer than normal temperatures.






Commodity Market update:-

GOLD
PP-30921
R1- 30962                                    S1-30862
R2- 31021                                    S2-30821

SILVER
PP-45976
R1-46332                                    S1-45684
R2-46624                                    S2-45328

CRUDE OIL
PP-2975
R1- 2997                                    S1-2938
R2- 3084                                    S2-2916


NATURAL GAS
PP-195.7
R1- 197.5                                    S1-193.8
R2- 199.4                                    S2-192.0

COPPER
PP-322.5
R1- 323.8                                    S1-321.6
R2- 324.7                                    S2-320.3



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