TODAY COMMODITY MARKET LEVEL (SUPPORT & RESISTANCE) UPDATE 09 NOV 2016.

COMMODITY MARKET OUTLOOK

Gold prices dropped as investors remained cautious ahead of the outcome of the U.S. presidential elections.

Base Metal Silver gained as dollar dropped and financial markets awaited the outcome of the U.S. presidential election.

Crude oil gained supported by a rebound in other asset classes after news that U.S. presidential candidate Hillary Clinton will not face charges.

Copper gained as expectations of stronger demand in China and optimism that Democrat Clinton will win the U.S. presidential election boosted sentiment.

Zinc dropped as pressure seen after Chinese data disappointed and ahead of the outcome of the US presidential election.

Nickel dropped on profit booking after prices gained in last session as speculators bet that resurgent steel demand in China droving up

Natural gas fell sharply as a mild start to the winter heating season added to concerns over a deepening supply glut.

Commodity Market update:-

GOLD

PP-29993

R1- 30255                                    S1-29618

R2- 30630                                    S2-29356

SILVER

PP-43448

R1- 44036                                    S1-42720

R2- 44764                                    S2-42132

CRUDE OIL

PP-2998

R1- 3034                                     S1-2973

R2- 3059                                     S2-2937

NATURAL GAS

PP-181.0

R1- 186.0                                    S1-173.0

R2- 194.0                                    S2-168.0

COPPER

PP-345.2

R1- 352.8                                    S1-341.2

R2- 356.8                                    S2-333.6