GOLD EDGES DOWN ON STRONGER DOLLAR | TODAY MCX MARKET NEWS & LEVEL UPDATE 30 MARCH 2017.

COMMODITY MARKET OUTLOOK

Gold prices dropped weighed by a rise in the dollar, which continued to recover from multi-month lows, after the release of upbeat economic data.

Silver prices dropped as pressure seen as stronger than expected U.S. home sales data supported the narrative of a stronger U.S. economy.

Crude oil prices rose as U.S. crude inventories grew less than expected and supply disruptions continued in Libya.

Copper dropped as concerns dropped after the strike at the world's largest mine, Escondido in Chile, has ended.

Zinc gained strongly as investor sentiment picked up after the strong consumer confidence number in the U.S. saw Trump worries fade.

Nickel dropped tracking weakness from LME Nickel which settled down by 0.6% at $9,940 per tonne as ample supply Spices seen in the market.

Natural Gas gained to settled above 210 level as investors bet that amount of gas in storage may fall short of summer demand.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 28693

S1 -28635                                                                   R1-28760

S2 -28568                                                                   R2-28818

SILVER

P. POINT-42195

S1 - 42092                                                                 R1-42385

S2 - 41902                                                                 R2-42488

COPPER

P. POINT-384

S1- 382                                                                      R1-386

S2- 380                                                                       R2-387

NATURAL GAS

P. POINT-209

S1 -206                                                                        R1-212

S2 -203                                                                        R2-215

CRUDE OIL

P. POINT-3194

S1 -3167                                                                     R1-3237

S2 -3124                                                                     R2-3264