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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