TODAY COMMODITY MARKET OUTLOOK REPORT 17 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold fell as the dollar rose after U.S. economic data came in within expectations cementing assumptions of an interest rate increase by the Federal Reserve by year-end.

Base Metal Silver prices dropped with market participants seeing further downside for the precious metal in the near-term amid US dollar strength.

Crude oil dropped as abundant crude supplies outweighed tighter U.S. fuel inventories and OPEC's plans to cut output.

Copper slipped after Europe's biggest smelter cut the premium it will charge customers for copper cathode next year, highlighting over-supply and weak demand.

Zinc prices ended with gains on short covering tracking firmness in LME prices settling up by 0.8% at $2258.

Nickel gained getting some support after the Philippines' environment minister said she wanted to ban new mines to Spices clamp down on damage.

Natural gas prices dropped following U.S. government data that showed a smaller-than-expected addition to stockpiles.

Commodity Market update:-

GOLD

PP-29614

R1- 29768                                   S1-29503

R2- 29879                                   S2-29349

SILVER

PP-41852

R1-42137                                     S1-41537

R2-42452                                     S2-41252

CRUDE OIL

PP-3361

R1- 3394                                      S1-3307

R2- 3448                                      S2-3274

NATURAL GAS

PP-220.20

R1- 222.6                                      S1-215.9

R2- 226.9                                      S2-213.5

COPPER

PP-314.3

R1- 315.9                                      S1-311.4

R2- 318.8                                      S2-309.8