COMMODITY MARKETS: WHAT'S YOUR STRATEGY TODAY MCX MARKET UPDATE 13 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold gains with U.S. Treasury yields coming off their highs and the U.S. dollar falling ahead of the start of a two-day Federal Reserve meeting.

Silver ended with gains lifted by a weaker dollar ahead of anticipation of an interest rate hike at Federal Reserve meeting.

Crude oil rallied after major oil producers reached a deal over the weekend to cut output in an attempt to reduce the global supply overhang.

Copper dropped weighed down by a strong dollar and falling stocks, and as investors were tempted to take profits.

Zinc prices gained benefiting from a decline in stocks held in London Metal Exchange-listed sheds.

Nickel dropped on profit booking after prices seen supported by prospects of falling ore exports from the Philippines.

Natural gas prices tumbled on forecasts that showed temperatures may not be as cold as previously expected.

Commodity Market update:-

GOLD

PP-27588

R1- 27761                                   S1-27494

R2- 28855                                   S2-27321

SILVER

PP-41526

R1- 41997                                     S1-41252

R2- 42271                                     S2-40781

CRUDE OIL

PP-3577

R1- 3654                                        S1-3510

R2- 3721                                        S2-3430

NATURAL GAS

PP-240.4

R1- 246.3                                        S1-233.9

R2- 252.8                                        S2-228.0

COPPER

PP-392.1

R1- 393.4                                         S1-390.0

R2- 395.5                                         S2-388.7