MCX TIPS | TODAY COMMODITY MARKET OUTLOOK REPORT 26 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold gained as the U.S. dollar retreated from multi-month highs and physical demand rose before India's late October festival season.

 Base Metal Silver rose buoyed by rising physical demand with investors cautious of a sentiment shift as the Fed nears a widely expected rate hike at the end of the year.

Crude oil settled flat reversing earlier gains as fading expectations of a coordinated production cut among major global oil producers weighed.

Energy Copper gained amid talk of further fiscal stimulus by top consumer China fuelled buying of commodities.

Zinc surged on worries about shortages and as a cut in capacity across China's steel and coal sectors buoyed prices.

Nickel gained after positive manufacturing data from U.S. and the euro zone added to optimism over the health of Spices the global economy.

Natural gas dropped as warmer-than-average weather in the Midwest prompted speculation that a mild winter will curtail demand.

Commodity Market update:-

GOLD

PP-29888

R1- 30037                                    S1-29794

R2- 31131                                    S2-29694

SILVER

PP-42341

R1- 42531                                    S1-42224

R2- 42648                                    S2-42034

CRUDE OIL

PP-3368

R1- 3400                                     S1-3322

R2- 3446                                     S2-3290

NATURAL GAS

PP-215.3

R1- 220.1                                    S1-206.3

R2- 229.1                                    S2-201.1

COPPER

PP-315.9

R1- 319.8                                    S1-313.4

R2- 322.3                                    S2-309.5