COMMODITY
MARKET OUTLOOK
Gold prices
inched down as the U.S. dollar steadied, but underlying demand for bullion was
seen as robust ahead of major festivals in India.
Base Metal Silver
dropped as investor appetite for riskier assets such as equities, denting
demand for bullion, often considered a safe haven.
Crude oil dropped as doubts over OPEC's
ability to organize a coordinated production cut weighed on markets.
Copper
prices gains buoyed by brightening prospects for the U.S. economy.
Zinc prices
dropped on profit booking after prices gained fuelled by surging prices for
Chinese steel and a pick-up in manufacturing activities.
Nickel
dropped on profit booking after gaining as gains in global manufacturing
boosted speculation that demand will Spices improve for metals.
Natural gas
fell as market players looked ahead to fresh weekly information on U.S. gas
inventories to gauge the strength of demand.
Commodity
Market update:-
GOLD
PP-29879
R1- 29956 S1-29758
R2- 30077 S2-29681
SILVER
PP-42246
R1- 42439 S1-41923
R2- 42762 S2-41730
CRUDE OIL
PP-3310
R1- 3342 S1-3265
R2- 3387 S2-3233
NATURAL GAS
PP-204.0
R1- 208.0 S1-196.6
R2- 215.4 S2-192.6
COPPER
PP-317.5
R1- 319.6 S1-316.2
R2- 320.9 S2-314.1
No comments:
Post a Comment