Wednesday, 14 December 2016

CRUDE FELL, GOLD AT 10- MONTH LOW | TODAY COMMODITY MARKET UPDATE 15 DEC 2015.

COMMODITY MARKET OUTLOOK

Gold prices edged higher on a weaker dollar and as markets waited for the outcome of the U.S. Federal Reserve's policy meeting
Silver gains with the dollar little changed as investors awaited the outcome of the Federal Reserve’s latest policy meeting.
Crude oil prices dropped as pressure seen as gasoline supplies rose modestly despite U.S. crude oil stockpiles fell More than expected.
Copper recovered on a brightening outlook for demand, shaking off an earlier dip.
Zinc prices gained as support seen as investors remained upbeat on China's growth prospects.
Nickel recovered from lows after the update Philippines audit results into its environmental review in the mining sector has been postponed until January.
Natural gas prices rose as investors remained upbeat about prospects for colder temperatures and heightened winter demand.


Commodity Market update:-
GOLD
PP-27611
R1- 27660                                   S1-27534
R2- 27734                                   S2-27488

SILVER
PP-41642
R1- 42057                                     S1-41314
R2- 42385                                     S2-40899


CRUDE OIL
PP-3521
R1- 3550                                        S1-3467
R2- 3604                                        S2-3438


NATURAL GAS
PP-237.5
R1- 241.6                                        S1-234.2
R2- 244.5                                        S2-229.7


COPPER
PP-388.6
R1- 392.4                                         S1-385.8
R2- 395.2                                         S2-382.0



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