HERE ARE TRENDS & UPDATE ON COMMODITIES MARKET REPORT UPDATE 08 FEB 2017.

COMMODITY MARKET OUTLOOK

Gold steadied as investors sought the perceived safety of the yellow metal amid growing concerns over political risks in Europe and around the globe.

Silver prices gained as support seen as rising global political uncertainty supported safe-haven demand.

Crude oil dropped amid growing evidence of a revival in U.S. shale production and sluggish demand.

Copper dropped as the dollar edged higher after a Federal Reserve official offered support for a March rate rise, while supply concerns underpinned prices.

Zinc prices gained as market witnessed fresh tracking LME prices settled up by percent to $2,795. Nickel dropped on profit booking tracking LME prices after solid gains amid decision by the Philippines mining Spices minister to close more than half the country's mines.

Natural gas rallied on short-covering as forecasts called for mostly warmer-than-normal weather in key regions.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29287

S1 -29226                                                                   R1-29394

S2 -29126                                                                   R2-29455

SILVER

P. POINT-42417

S1 - 42254                                                                 R1-42664

S2 - 42007                                                                 R2-42827

COPPER

P. POINT-392

S1- 389                                                                       R1-393

S2- 387                                                                       R2-396

NATURAL GAS

P. POINT-210.6

S1 -208.1                                                                       R1-214.2

S2 -204.5                                                                       R2-216.7

CRUDE OIL

P. POINT-3527

S1 -3468                                                                     R1-3559

S2 -3436                                                                     R2-3616