What strategy should be made in Commodity market today? Today Commodity Market update Report 10 January 2017.

COMMODITY MARKET OUTLOOK

Gold gained as markets reassessed the outlook for the U.S. economy after Donald Trump is inaugurated as president later this month.

Silver gained as dollar dropped and as the precious metal continued to recover from its selloff into the end of last year.

Crude oil dropped as indications of increased drilling activity in U.S. offset signs OPEC members are adhering to planned output cuts.

Copper prices ended with small losses as market activity was subdued as many Western traders were still away on holiday.

Zinc rose as the dollar fell and on expectations of a continued shortage in supply for the metal used to galvanise steel.

Nickel prices gained as support seen after the update that Nickel ore inventories at seven major Chinese ports kept Spices dropping.

Natural gas prices continuous to sank hitting 1 month low due to warmer-than-normal weather for this time of the year.

Commodity Market update:-

GOLD

PP-27991

R1- 28141                                   S1-27902

R2- 28230                                   S2-27752

SILVER

PP-40563

R1- 40904                                   S1-40346

R2- 41121                                   S2-40005

CRUDE OIL

PP-3604

R1- 3644                                       S1-3534

R2- 3714                                       S2-3494

NATURAL GAS

PP-216.3

R1- 220.3                                        S1-208.5

R2- 228.5                                        S2-204.3

COPPER

PP-382.6

R1- 385.1                                         S1-380.5

R2- 387.2                                         S2-378.0