COMMODITY
MARKET OUTLOOK
Gold settled flat as prices
pulled back from its highs as the dollar and global equities recovered from
recent losses.
Silver remained supported as
investors looked to see if U.S. President Donald Trump would be able to enact
promised tax cuts and infrastructure spending.
Crude oil rallied amid word that
Libya has halted the pipeline from its biggest field.
Copper prices gained on U.S.-led
buying after data showed a surge in U.S. consumer confidence to a 16-year high.
Zinc prices regains to end with
gains as some investors refocused on Trump's promised tax reforms and strong
economic data.
Nickel gained on short covering
tracking LME prices gained by 2.3 percent after prices dropped amid receding
Spices worries about supply shortages.
Natural gas edged higher
regaining strength as traders monitored shifting weather forecasts to assess
the outlook for early-spring demand and supply levels.
COMMODITY MARKET
LEVELS:-
GOLD
P. POINT- 28833
S1 -28774 R1-28906
S2 -28701 R2-28965
SILVER
P. POINT-42273
S1 - 42106
R1-42554
S2 - 41825 R2-42721
COPPER
P. POINT-382
S1- 379 R1-388
S2- 374 R2-391
NATURAL GAS
P. POINT-205
S1 -203 R1-209
S2 -199 R2-211
CRUDE OIL
P. POINT-3157
S1 -3135
R1-3190
S2 -3102
R2-3212

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