IN INTERNATIONAL MARKETS,CRUDE CLIMBED DULL GOLD | TODAY COMMODITY MARKET REPORT UPDATE 3 JAN 2017.

COMMODITY MARKET OUTLOOK

Gold prices ended with gains in thin holiday mood trade despite pressure from a strong dollar.

Base Metal Silver prices ended with gains on the first trading session of the year tracking gold prices and crude oil prices.

Crude oil gained buoyed by hopes that a deal between OPEC and non-OPEC members to cut production will be effective in draining the global supply glut.

Copper gains with sentiments slowly improving as increased in demand from China will leave the market tighter than previously expected.

Zinc prices gained as investors are positive on China and U.S. demand.

Nickel gained while upside remains capped as worries of weakening demand receded with expectations that consumption will be strong

Natural gas dropped as prices witnessed fresh selling after prices rose last month as demand for natural gas was nearly four times higher.

Commodity Market update:-

GOLD

PP-27524

R1- 27647                                   S1-27448

R2- 27723                                   S2-27325

SILVER

PP-39173

R1- 39339                                    S1-38971

R2- 39541                                    S2-38805

CRUDE OIL

PP-3682

R1- 3701                                       S1-3666

R2- 3717                                       S2-3647

NATURAL GAS

PP-252.0

R1- 253.4                                        S1-249.8

R2- 255.6                                        S2-248.4

COPPER

PP-378.1

R1- 380.2                                         S1-376.2

R2- 382.1                                         S2-374.1