HERE ARE TRENDS & UPDATES ON COMMODITIES MARKET UPDATES 07 MARCH 2017.

COMMODITY MARKET OUTLOOK

Gold dropped pressured by comments from Federal Reserve Chair Janet Yellen that reinforced expectations of an increase to U.S. interest rates this month.

Base Metal Silver dropped amid rise in dollar and markets priced in the increased possibility the U.S. central bank would raise interest rates this month.

Crude oil wiped out some of the gains amid worries lower growth targets in China and ongoing concern over Russia’s compliance on oil output.

Copper dropped below 392 level despite interruptions in supplies at major mines around the world. Zinc dropped below 183 level to settled down at 182.50 as pressure seen after China has cut its growth target this year.

Nickel continued its rally tracking gain's from LME nickel ahead Fed meet with expectation that interest rates will raise next week.

Natural gas prices gained on short covering as investors reacted to an increase in demand due the return of cold temperatures.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29019

S1 -28849                                                                   R1-29115

S2 -28753                                                                   R2-29285

SILVER

P. POINT-42527

S1 - 42267                                                                 R1-42696

S2 - 42104                                                                 R2-42962

COPPER

P. POINT-393.5

S1- 389.1                                                                       R1-396

S2- 386.3                                                                       R2-400

NATURAL GAS

P. POINT-193

S1 -190.5                                                                       R1-200

S2 -184.4                                                                       R2-203

CRUDE OIL

P. POINT-3551

S1 -3528                                                                     R1-3572

S2 -3507                                                                     R2-3595