INDIAN COMMODITY MARKET LEVEL ( SUPPORT & RESISTANCE) UPDATE 11 NOV 2016.

COMMODITY MARKET OUTLOOK

Gold pared gains as markets pondered the economic growth outlook and the timing of a U.S. interest rate hike following the election of Donald Trump.

Base Metal Silver gained as uncertainty regarding the economic policies of new U.S. President-elect Donald Trump helped support the precious metal.

Crude oil dropped after the IEA warned that the market risks running another surplus in 2017 without an output cut from OPEC.

Copper prices soared amid expectations that a Donald Trump presidency could unleash a flood of infrastructure spending.

Zinc prices gained tracking rally in copper prices after Trump's victory speech included a pledge to spend on rebuilding America's infrastructure.

Nickel dropped on profit booking after gaining on speculation that U.S. infrastructure spending could jump.

Natural gas fell after data showed that natural gas supplies in storage in the U.S. rose slightly more than forecast last week.

Commodity Market update:-

GOLD

PP-29955

R1- 30141                                    S1-29715

R2- 30379                                    S2-29531

SILVER

PP-44035

R1- 44535                                    S1-43665

R2- 44905                                    S2-43165

CRUDE OIL

PP-3010

R1- 3042                                     S1-2980

R2- 3072                                     S2-2948

NATURAL GAS

PP-176.3

R1- 179.1                                    S1-171.8

R2- 181.6                                    S2-169.0

COPPER

PP-374.5

R1- 381.8                                    S1-369.4

R2- 386.9                                    S2-362.1