COMMODITY
MARKET OUTLOOK
Gold gained after BOJ adopted a target for long-term interest rates, and
further gains were expected if the U.S. central bank holds back from a rate
increase.
Base Metal Silver gained after BOJ announced new monetary policy
measures and as investors awaited the outcome of the Federal Reserve's meeting.
Crude oil
prices gained after data showed that oil supplies in the U.S. unexpectedly
fell.
Copper
retreated as profit-taking pulled prices from highs ahead of a key U.S. Federal
Reserve policy meeting.
Zinc prices dropped on profit booking before a key U.S. Federal Reserve
policy meeting.
Nickel gained as support seen after the Philippines said it would
suspend more than
10 additional mines in an ongoing environmental crackdown on the sector.
Natural gas surged above 200 mark and $3 on NYMEX for the first time in
16 months as unseasonably warm weather demand seen.
Commodity
Market update:-
GOLD
PP-31095
R1- 31349 S1-30952
R2- 31492 S2-30698
SILVER
PP-46795
R1-47700 S1-46265
R2-48230 S2-45360
CRUDE OIL
PP-3025
R1- 3085 S1-2987
R2- 3123 S2-2927
NATURAL GAS
PP-204.3
R1- 206.7 S1-202.2
R2- 209.4 S2-200.4
COPPER
PP-323.1
R1- 324.0 S1-321.8
R2- 325.3 S2-320.9
contact no.- 8370098946.

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