SLIGHT DECLINE IN CRUDE OIL, GOLD PRESSURE | TODAY COMMODITY MARKET UPDATES 14 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold dipped slightly ahead of key two-day meeting of U.S. Fed that is expected to deliver the second interest rate rise in a decade.

Silver dropped as investors turned their attention to the outcome of the Federal Reserve’s two-day meeting.

Crude oil settled flat after prices seen supported by strong demand and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs.

Copper prices dropped as pressure seen after data showed another big inflow of inventories into LME-certified warehouses.

Zinc dropped on profit booking after prices gained earlier supported by release of strong retail and factory data in top metals consumer China.

Nickel gained supported by a sweeping mining clampdown in the Philippine's, the top exporter of nickel ore to China.

Natural gas prices fell as market participants worried that coming warmer weather could eat into demand.

Commodity Market update:-

GOLD

PP-27553

R1- 27631                                   S1-27458

R2- 27726                                   S2-27380

SILVER

PP-41322

R1- 41672                                     S1-40880

R2- 42110                                     S2-40534

CRUDE OIL

PP-3579

R1- 3620                                        S1-3549

R2- 3650                                        S2-3508

NATURAL GAS

PP-237.5

R1- 240.8                                        S1-233.4

R2- 244.9                                        S2-230.1

COPPER

PP-389.0

R1- 393.6                                         S1-384.4

R2- 398.2                                         S2-379.8