Tuesday, 28 March 2017

HERE's AN OVERVIEW ON COMMODITIES MARKET REPORT UPDATE 29 MARCH 2017.

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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