COMMODITY FREE TRAIL TIPS | TODAY MCX MARKET UPDATE 25 NOV 2016.

COMMODITY MARKET OUTLOOK

Gold fell as the dollar strengthened on growing expectations of Fed rate hike in December following positive U.S. economic data.

Base Metal Silver prices eased as the dollar traded within reach of an almost 14-year high hit on positive U.S. economic data.

Crude oil dropped amid uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity during the U.S. Thanksgiving holiday.

Copper prices gained on expectations of a pick-up in global manufacturing and infrastructure spending.

Zinc rallied as investors poured funds into metals in expectation of inflation in China and the United States.

Nickel dropped on profit booking after prices remained supported after Wednesday’s better-than-estimated U.S. data on durable goods.

Natural gas dropped on profit booking in light trading day after prices gained Wednesday as storage data showed an unexpected decline in inventories.

MCX TIPS | BASE METAL | ENERGY PACK

Commodity Market update:-

GOLD

PP-28722

R1- 28814                                    S1-28654

R2- 28882                                    S2-28562

SILVER

PP-40271

R1- 40467                                    S1-40117

R2- 40621                                    S2-39921

CRUDE OIL

PP-3302

R1- 3321                                      S1-3283

R2- 3340                                      S2-3264

NATURAL GAS

PP-208.3

R1- 210.1                                    S1-206.9

R2- 211.5                                    S2-205.1

COPPER

PP-402.7

R1- 408.4                                    S1-396.9

R2- 414.2                                    S2-391.2