Monday, 27 March 2017

BUY GOLD ON DIPS | TODAY COMMODITY MAREKT REPORT OVERVIEW 28 MARCH 2017.

COMMODITY MARKET OUTLOOK
Gold settled flat paring its gains seen earlier as the dollar slid after President Donald Trump's failure to pass healthcare reform.
 Silver prices gained as growing doubts about U.S. President Donald Trump's pro-growth economic agenda prompted investors rush to safe havens.
Crude oil prices fell as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended.
Copper prices dropped after update as workers at the world’s largest copper mine, BHP Billiton’s Escondida in Chile, ended their strike.
Zinc prices dropped as funds cut bets on higher prices as supply concerns faded.
Nickel fell as receding worries about supply shortages weighed on prices.
Natural gas prices traded in range as forecasts showing cooler weather on the way boosted the heating fuel.


COMMODITY MARKET LEVELS:-
GOLD
P. POINT- 28836
S1 -28734                                                                   R1-28910
S2 -28660                                                                   R2-29012

SILVER
P. POINT-41975
S1 - 41797                                                                 R1-42300
S2 - 41472                                                                 R2-42478

COPPER
P. POINT-376
S1- 372                                                                       R1-383
S2- 366                                                                       R2-387

NATURAL GAS
P. POINT-201
S1 -198                                                                        R1-202
S2 -196                                                                        R2-205

CRUDE OIL
P. POINT-3116
S1 -3072                                                                     R1-3156

S2 -3036                                                                     R2-3200

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