GOLD FELL FROM A STRONGER DOLLAR, CRUDE GAINS | TODAY COMMODITY MARKET LEVELS UPDATE 21 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold fell as the dollar rose and investors sold on expectations of stronger global economic growth and higher U.S. interest rates.

Silver prices dropped as a leading dollar index revived its move to fresh 14-year highs.

Crude oil gained on expectations of a U.S. crude inventory draw, although trading activity was muted as markets  start to wind down ahead of the Christmas.

Copper gained as prices recovers on short covering after prices dropped in slumped to the lowest in four weeks after stockpiles climbed in London.

Zinc prices gained on short covering after prices dropped on update the worldwide zinc market has recorded small surplus during January to October this year.

Nickel prices gained as support seen due to supply tightness and environmental crackdowns in the Philippines.

Natural gas prices dropped as forecasts for less cold weather and lighter heating demand through the end of the year dragged down prices.

Commodity Market update:-

GOLD

PP-27113

R1- 27211                                   S1-27032

R2- 27292                                   S2-26934

SILVER

PP-39218

R1- 39766                                    S1-38877

R2- 40107                                    S2-38329

CRUDE OIL

PP-3637

R1- 3675                                       S1-3602

R2- 3710                                       S2-3564

NATURAL GAS

PP-225.8

R1- 230.5                                        S1-220.5

R2- 235.8                                        S2-215.8

COPPER

PP-376.3

R1- 379.2                                         S1-374.3

R2- 380.2                                         S2-371.4