TODAY COMMODITY MARKET OUTLOOK REPORT 30 SEPTEMBER 2016.

COMMODITY MARKET OUTLOOK

Gold prices dropped as the dollar firmed and investors assessed Federal Reserve Chair Janet Yellen's testimony before a Congressional committee.

 Base Metal Silver rose as Fed Chair Janet Yellen avoided a hard timeline for a rate hike, though a colleague did suggest the topic was up for discussion in November.

Crude surged to settled 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 tonnes to 440,650 tonnes and 27,875 tonnes 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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