COMMODITY TIPS FREE TRAIL | TODAY COMMODITY MARKET UPDATES 21 NOV 2016.

COMMODITY MARKET OUTLOOK

Gold dropped as the dollar surged to its highest in more than 13-1/2 years on expectations for a U.S. rate hike next month.

 Base Metal Silver prices dropped as the dollar rallied amid mounting expectation for higher U.S. interest rates.

Crude oil dropped amid strong dollar but gains on weekly basis buoyed by growing expectations that OPEC will find a way to cap production.

Copper dropped as the dollar soared to a 13-1/2-year high after Fed’s Yellen signalled U.S. interest rates could rise "relatively soon."

Zinc prices gained on short covering amid speculative flows despite the dollar soared to a 14-year high.

Nickel dropped on profit booking as traders decided a rally driven by U.S. president-elect Trump's economic policies Spices was overdone, for now.

Natural gas prices gained amid forecasts of approaching cooler weather that could bring more demand.

Commodity Market update:-

GOLD

PP-28912

R1- 29024                                    S1-28824

R2- 29112                                    S2-28712

SILVER

PP-40385

R1- 40640                                    S1-40132

R2- 40893                                    S2-39877

CRUDE OIL

PP-3138

R1- 3177                                      S1-3105

R2- 3210                                      S2-3066

NATURAL GAS

PP-190.7

R1- 197.3                                    S1-187.0

R2- 201.0                                    S2-180.4

COPPER

PP-371.2

R1- 374.5                                    S1-367.9

R2- 377.7                                    S2-364.5