GOLD FUTURES UP | TODAY COMMODITY MARKET REPORT UPDATE 06 FEB 2017.

COMMODITY MARKET OUTLOOK
Gold gained as the dollar came under pressure from a U.S. payrolls report that flagged up weak wage growth last month.
Silver prices recovered from lows as a soft U.S. jobs report clouded the outlook for as many as three rate hikes this year forecast by the Fed.
Crude oil prices traded in range as fresh sanctions on Iran imposed by the U.S. Treasury were seen as a first salvo in a wider split.
Copper dropped as BHP Billion's Escondida mine in Chile, has resumed work as the company has requested government mediation to avoid a looming strike.
 Zinc prices dropped after China wrong-footed investors and boosted interest rates, sparking concern about a clampdown on speculators.
Nickel prices fell tracking LME prices dropped in heavy volumes as Chinese markets reopened after a week-long break.
Natural gas prices dropped as investors lost faith in winter’s ability to drive up demand this year.

COMMODITY MARKET LEVELS:-
GOLD
P. POINT- 28858
S1 -28768                                                                   R1-28998
S2 -28628                                                                   R2-29088

SILVER
P. POINT-41706
S1 - 41534                                                                 R1-41968
S2 - 41272                                                                 R2-42140

COPPER
P. POINT-390.3
S1- 384                                                                       R1-393
S2- 381                                                                       R2-399

NATURAL GAS
P. POINT-208.7
S1 -202.7                                                                    R1-212
S2 -199.2                                                                    R2-218

CRUDE OIL
P. POINT-3616
S1 -3587                                                                     R1-3642
S2 -3561                                                                     R2-3671