Thursday, 22 September 2016

TODAY COMMODITY MARKET STRATEGY UPDATE 22 SEPTEMBER 2016.

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.




No comments:

Post a Comment