TODAY COMMODITY MARKET LEVEL ( SUPPORT & RESISTANCE) UPDATES 10 NOV 2016.

COMMODITY MARKET OUTLOOK

Gold pared all of its gains to settle in red zone after a conciliatory victory speech from U.S. President-elect Donald Trump also helped the dollar rebound.

Base Metal Silver pared gains as U.S. stock markets recovered and investors digested what a Donald Trump presidency will mean for markets.

Crude oil edged higher as stocks and the dollar bounced back from a huge early slide following Donald Trump's surprise victory.

Copper surged to its highest in more than 15 months as investors tried to interpret the implications of Donald Trump's victory in the U.S. presidential election.

Zinc gains on expectations that a U.S. Trump presidency could force China to keep on an easy monetary track.

Nickel prices gained after Donald Trump pulled off a stunning victory in the race for the US presidency.

Natural gas gains halting its losses as market participants awaited new data on supplies and more clarity on winter weather forecasts.

Commodity Market update:-

GOLD

PP-30353

R1- 30901                                    S1-29330

R2- 31924                                    S2-28782

SILVER

PP-43809

R1- 44361                                    S1-42828

R2- 45342                                    S2-42276

CRUDE OIL

PP-2999

R1- 3109                                     S1-2940

R2- 3162                                     S2-2836

 NATURAL GAS

PP-178.1

R1- 185.1                                    S1-173.3

R2- 190.3                                    S2-166.1

 COPPER

PP-355.0

R1- 366.8                                    S1-348.9

R2- 372.9                                    S2-337.1