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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