TODAY COMMODITY MARKET NEWS UPDATE REPORT 20 FEB 2017.

COMMODITY MARKET OUTLOOK

Gold prices eased but notched a weekly gain as investors opted for the safe-haven qualities of bullion due to uncertainty about U.S. and European politics.

Silver prices ended with a loss but tallied a third consecutive weekly gain as political uncertainty continued to boost investment demand for the metal.

Crude oil dropped as prices remained under pressure from a stronger dollar and rising U.S. shale oil output.

Copper dropped as prices pulled back below 6000 level on LME as talks renewed between striking workers and management at Chile's Escondida copper mine.

Zinc prices ended with losses as increase in availability dampened recent price moves higher.

Nickel prices recovered from lows on mounting concerns about supplies after the suspension of mines in top ore producer the Philippines.

Natural gas prices fell for the third straight week, setting a three-month low as a historically mild winter continues to drag on the market.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29370

S1 -28291                                                                   R1-29438

S2 -28223                                                                   R2-29517

SILVER

P. POINT-42906

S1 - 42813                                                                 R1-43030

S2 - 42689                                                                 R2-43123

COPPER

P. POINT-399.7

S1- 396                                                                       R1-403

S2- 393                                                                       R2-406

NATURAL GAS

P. POINT-192

S1 -189                                                                       R1-193

S2 -188                                                                       R2-196

CRUDE OIL

P. POINT-3605

S1 -3585                                                                     R1-3624

S2 -3566                                                                     R2-3644