COMMODITY MARKET OUTLOOK
Gold prices dropped as the dollar firmed
and investors assessed Federal Reserve Chair Janet Yell en's testimony before a
Congressional committee.
Base
Metal Silver rose as Fed Chair Janet Yell-en avoided a hard timeline for a rate
hike, though a colleague did suggest the topic was up for discussion in
November.
Crude surged to settle up amid speculation
that OPEC will soon agree to curb production.
Copper prices ended with gains as
sentiments improved due to the release of better-than-expected economic data
from China.
Zinc
prices gained as support seen after stocks and cancelled warrants both fell 825
tones to 440,650 tones and 27,875 tones respectively.
Nickel gained after the Philippines said 20
more mines may be suspended for environmental violations, threatening Spices
supply.
Natural gas prices fell on expectations
that demand for the fuel would decline as temperatures cool.
COMMODITY
MARKET UPDATES:-
GOLD
PP-30953
R1 -31040 S1-30867
R2 -31126 S2-30780
SILVER
PP-45506
R1 - 45778 S1-45312
R2 - 45972 S2-45040
CRUDE OIL
PP-3031
R1 - 3099 S1-2992
R2 -3138 S2-2924
NATURAL GAS
PP-199.2
R1- 202.0 S1-195.4
R2- 205.8 S2-192.6
COPPER
PP-323.8
R1- 325.7 S1-322.7
R2- 326.8 S2-320.8
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