Sunday, 26 March 2017

TODAY COMMODITY MARKET OVERVIEW NEWS & LEVELS REPORT 27 MARCH 2017.

COMMODITY MARKET OUTLOOK
Gold prices slipped lower as the U.S. dollar regained some strength ahead of a highly-anticipated vote on U.S. President Donald Trump’s healthcare bill.
Silver gained buoyed by a dip in the dollar, as weaker than expected economic data weighed on the greenback.
Crude oil prices recovered from lows supported by a fall in Saudi exports to the United States.
Copper dropped with striking union members agreeing to return to work at the world's top copper mine, in Chile.
Zinc gained as broader investor sentiment revived as disruptions piled up in the zinc market.
Nickel prices dropped after update the Philippines' environment ministry has allowed eight suspended nickel ore Spices miners to ship out stockpiles of mined ore.
Natural gas prices gained with traders betting that low production and rising demand for exports mean supplies are tightening despite waning cold weather.



COMMODITY MARKET LEVELS:-
GOLD
P. POINT- 28775
S1 -28722                                                                   R1-28847
S2 -28650                                                                   R2-28900

SILVER
P. POINT-41453
S1 - 41288                                                                 R1-41696
S2 - 41045                                                                 R2-41861

COPPER
P. POINT-381
S1- 378                                                                       R1-383
S2- 376                                                                       R2-385

NATURAL GAS
P. POINT-199
S1 -197                                                                        R1-202
S2 -195                                                                        R2-203

CRUDE OIL
P. POINT-3141
S1 -3124                                                                     R1-3159

S2 -3106                                                                     R2-3176

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