COMMODITY MARKET TODAY, IS WHERE THE STAKES | MCX MARKET UPDATES 30 NOV 2016.

COMMODITY MARKET OUTLOOK

Bullion snapped its two days winning streak on Tuesday as dollar recovered after the strong set of economic releases from US. Spot gold settled at $1180/ounce after slipping from $1195/ounce. The US economy advanced an annualized 3.2 percent on quarter in the three months to September of 2016, up from 1.4 percent growth in the previous period and better than a 2.9 percent expansion in the advance estimate. Separately, the CB consumer sentiment for the month of November rose to 107.10 from expected 101.3.

International Silver prices ended flat on Tuesday, while on MCX prices ended with modest gains of Rs 166, to end the session at Rs 40838/kg. The Dollar index rose to 101.10 higher by 0.18 % on Tuesday.

COMMODITY MARKET

Commodity Market update:-

GOLD

PP-28762

R1- 28825                                    S1-28664

R2- 28882                                    S2-28577

SILVER

PP-40838

R1- 41069                                    S1-40454

R2- 41283                                    S2-40112

CRUDE OIL

PP-3148

R1- 3204                                       S1-3052

R2- 3284                                       S2-2998

NATURAL GAS

PP-228.9

R1- 232.9                                      S1-224.7

R2- 237.7                                      S2-221.3

COPPER

PP-393.2

R1- 397.2                                        S1-388.3

R2- 402.5                                        S2-385.0