TODAY COMMODITY MARKET REPORT UPDATE 14 OCTOBER 2016.

COMMODITY MARKET OUTLOOK

Gold edged higher as the dollar declined and after world shares slipped following renewed worries about China's economy.

Base Metal Silver prices edged lower as stocks firmed and the U.S. dollar rose on expectations the Federal Reserve would raise interest rates by year-end.

Crude oil prices gained after a U.S. government report showing hefty draws in diesel and gasoline offset the first crude inventory build in six weeks.

Copper dropped after China's September trade data showed a sharp decline in exports, raising fresh concerns about the health of the economy.

Zinc prices dropped as pressure seen on the prospect of improving supply.

Nickel on MCX settled down -1.44% as pressure seen on profit booking after the dollar hit a seven-month high.

Natural gas prices rallied after data showed that natural gas supplies in storage in the U.S. rose less than expected last week.

Commodity Market update:-

GOLD

PP-29762

R1- 29832                                   S1-29639

R2- 29955                                   S2-29569

SILVER

PP-42047

R1-42243                                     S1-41694

R2-42596                                     S2-41498

CRUDE OIL

PP-3351

R1- 3399                                      S1-3317

R2- 3433                                      S2-3269

NATURAL GAS

PP-220.30

R1- 228.6                                      S1-215.4

R2- 233.5                                      S2-207.1

COPPER

PP-318.1

R1- 320.9                                      S1-313.1

R2- 325.9                                      S2-310.3