COMMODITY
MARKET OUTLOOK
Gold edged up as support seen with tensions between Iran and the U.S,
over a ballistic missile test by Tehran this week.
Base Metal Silver dropped as investors booked profits, as prices seen
supported after the Fed gave no firm signal on the timing of its next rate
hike.
Crude oil gained as traders cheered signs that global supply was
beginning to tighten in wake of a planned agreement by major crude producers to
cut output.
Copper dropped on long position unwinding as prices rallied more after
prices prospects of supply. Disruptions Zinc prices dropped as LME prices
slipped by a percent on profit booking after prices supported earlier helped by
Glencore's production cuts.
Nickel prices settled with the gain's at 696.90 while prices surge
above 700 marks after the Philippines shuts down mines.
Natural gas recovered from the day's low after weekly data showed that
natural gas supplies in storage in the U.S. fell.
COMMODITY MARKET
LEVELS:-
GOLD
P. POINT- 28915
S1 - 28760 R1-29005
S2 -28670 R2-29160
SILVER
P. POINT-42000
S1 - 41532
R1-42270
S2 - 41262
R2-42738
COPPER
P. POINT-399.4
S1- 393.7 R1-403.5
S2- 389.6 R2-409.8
NATURAL GAS
P. POINT-214.0
S1 -211.6 R1-217.7
S2 -207.9
R2-220.1
CRUDE OIL
P. POINT-3623
S1 -3583
R1-3654
S2 -3552
R2-3694
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