Tuesday, 11 April 2017

TODAY COMMODITY MARKET NEWS AND LEVELS REPORT 12 APRIL 2017.

COMMODITY MARKET OUTLOOK
Gold prices rallied as investors fled risk assets and sought refuge in safe-haven gold amid rising geopolitical tensions.
Silver rallied as support seen after investors fled risk assets and sought refuge in safe-haven gold amid rising geopolitical tensions.
Crude oil finished higher as prices rebounded on talk of a possible extension to the OPEC-led production cut agreement.
Copper traded in range weighed down by concerns about oversupply as the world's top two copper mines look to recover from disruptions.
Zinc fell to a new three-month trough as the market focus is on receding supply worries.
Nickel dropped as the two biggest nickel miners in the Philippines, said prices for the metal would be robust this year Spices due to growing demand from China.
Natural gas dropped to settle at 203.90 posted its biggest losses in four weeks as traders cautious about whether.



COMMODITY MARKET LEVELS:-
GOLD
P. POINT- 29062
S1 -28895                                                                   R1-29359
S2 -28589                                                                   R2-29526

SILVER
P. POINT-41928
S1 - 41581                                                                 R1-42535
S2 - 40974                                                                 R2-42882

COPPER
P. POINT-372
S1- 370                                                                      R1-375
S2- 367                                                                       R2-377

NATURAL GAS
P. POINT-206
S1 -201                                                                        R1-208
S2 -198                                                                        R2-213

CRUDE OIL
P. POINT-3437
S1 -3418                                                                     R1-3467

S2 -3388                                                                    R2-3486

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