TODAY COMMODITY MARKET REPORT & LEVELS 30 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold prices crawled in the range after prices open up as supported by a softer dollar and short-covering.

Base Metal Silver prices edged up tracking firmness in gold as subdued cash demand and investor short-covering helped offset a stronger U.S. dollar.

Crude oil prices extended gains less than a week before major global oil producers begin to scale back production in line with the deal they struck last month.

Copper dropped as investors fretted about demand growth in China and took profits ahead of the Christmas break.

Zinc gained amid expectations of stronger demand in top consumer China persuaded buyers to return to the market.

Nickel prices dropped as pressure seen weighed by any relaxation in Indonesia’s export ban on nickel ore.

Natural gas surged up by 2.23% to settled at 261.80 to the highest price in two years on expectations a blast of cold air next month.

Commodity Market update:-

GOLD

PP-27282

R1- 27364                                   S1-27217

R2- 27429                                   S2-27135

SILVER

PP-39339

R1- 39608                                    S1-39151

R2- 39796                                    S2-38882

 CRUDE OIL

PP-3694

R1- 3725                                       S1-3676

R2- 3743                                       S2-3635

 NATURAL GAS

PP-258.7

R1- 265.4                                        S1-254.9

R2- 269.6                                        S2-248.0

COPPER

PP-378.7

R1- 381.9                                         S1-375.1

R2- 385.5                                         S2-371.9