CRUDE PRICES STILL ON THE RISE ,GOLD PLATED | TODAY COMMODITY MARKET UPDATE 28 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold prices rose on weak Japanese inflation data, but trading was thin with traders in the United States returning after the long Christmas weekend.

Silver prices ended with gains as some investors emerged out of the holiday lull to hunt for bargains Crude oil gained drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers.

Copper gained as prices recovered on short covering after prices dropped in last some sessions on concerns about demand growth in China.

 Zinc settled up reversing the previous day's losses after speculators signalled an end to widespread profit taking spurred by recent meteoric run-ups.

Nickel settled up by 1.82% reversing its losses on short covering after prices dropped on concerns about demand Spices growth in China.

Natural gas settled up by 1.47%, surging in light trading session as forecasts turned colder.

Commodity Market update:-

GOLD

PP-27227

R1- 27373                                   S1-27015

R2- 27575                                   S2-26859

SILVER

PP-39039

R1- 39448                                    S1-38764

R2- 39778                                    S2-38410

CRUDE OIL

PP-3657

R1- 3700                                       S1-3632

R2- 3725                                       S2-3589

NATURAL GAS

PP-255.1

R1- 258.5                                        S1-252.6

R2- 261.0                                        S2-249.2

COPPER

PP-376.6

R1- 383.4                                         S1-372.3

R2- 387.7                                         S2-365.5