MCX TIPS | TODAY COMMODITY MARKET UPDATE REPORT 21 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold eased slightly as dollar rose and ECB left interest rates unchanged, maintaining the parameters of its 1.74 trillion euro asset buying scheme.

Silver prices fell with a stronger dollar and the rising chances of rate hike weighing on the hedge commodity.

Crude oil dropped on profit-taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production.

Copper dropped as Chinese industrial production data for last month missed forecasts.

Zinc prices dropped as steps by China to cool its real estate market, dampened buying interest.

Nickel prices dropped after LME prices slid 1.9 percent to $10130 with the market experiencing reduced interest and Spices constant pressure from a multi-month high dollar.

Natural gas prices dropped as warm weather and heavy stockpiles continued to weigh on prices.

COMMODITY MARKET UPDATES

GOLD

PP-29951

R1- 30021                                   S1-29839

R2- 30133                                   S2-29769

SILVER

PP-42070

R1-42319                                     S1-41748

R2-42641                                     S2-41499

CRUDE OIL

PP-3416

R1- 3447                                      S1-3369

R2- 3494                                      S2-3348

NATURAL GAS

PP-210.4

R1- 213.5                                      S1-206.9

R2- 217.0                                      S2-203.8

COPPER

PP-311.6

R1- 313.1                                      S1-309.9

R2- 314.8                                      S2-308.4