MCX TIPS | TODAY COMMODITY MARKET UPDATE 20 OCTOBER 20106.

COMMODITY MARKET OUTLOOK

Gold rose as the dollar weakened amid uncertainty around the timing of a U.S. interest rate increase.

Base Metal Silver prices remained supported as a batch of mixed data on the U.S. housing market kept up pressure on the dollar.

Crude oil gained after the U.S. EIA reported an unexpectedly large U.S. oil inventory drawdown last week.

Copper dropped with China's economic growth meeting expectations in the third quarter.

 Zinc prices ended with gains tracking LME prices ended at $2,308 a tonne, up 1 percent despite Chinese industrial production missed forecasts.

Nickel dropped as LME nickel closed down 1 percent at $10,310 as Chinese industrial production data for last month Spices missed forecasts.

Natural prices dropped as forecasts showed warm weather through the end of October.

GOLD

PP-29884

R1- 30011                                   S1-29773

R2- 30122                                   S2-29643

SILVER

PP-42240

R1-42430                                     S1-42008

R2-42667                                     S2-41813

CRUDE OIL

PP-3449

R1- 3513                                      S1-3407

R2- 3555                                      S2-3343

NATURAL GAS

PP-212.7

R1- 215.2                                      S1-207.8

R2- 220.3                                      S2-215.2

COPPER

PP-311.7

R1- 313.5                                      S1-310.4

R2- 314.8                                      S2-308.6