TODAY COMMODITY MARKET OUTLOOK UPDATE 19 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold prices ended higher as a pullback in the U.S. dollar from a seven-month peak boosted the appeal of the precious metal.

 Base Metal Silver gains as disappointing U.S. inflation data was seen as easing pressure on the Federal Reserve to tighten monetary policy, weighing on dollar.

Crude oil prices gains as market players awaited details of a planned output cut by the Organization of the Petroleum Exporting Countries.

Copper prices ended with losses as traders sat on the sidelines ahead of key China economic reports despite of strong credit data in China.

Zinc prices gained as a surge in new credit in China pointed to a stabilizing economy in the world’s biggest commodities buyer.

Nickel ended with gains as prices found support from data that showed a drop in mine supply.

Natural gas prices gained driven by uncertainty about winter forecasts.

Commodity Market update:-

GOLD

PP-29769

R1- 29858                                   S1-29698

R2- 29929                                   S2-29609

SILVER

PP-42174

R1-42370                                     S1-41978

R2-42566                                     S2-41782

CRUDE OIL

PP-3345

R1- 3369                                      S1-3316

R2- 3498                                      S2-3292

NATURAL GAS

PP-218.70

R1- 220.3                                      S1-216.1

R2- 222.9                                      S2-214.5

COPPER

PP-313.3

R1- 314.3                                      S1-311.5

R2- 316.1                                      S2-310.5