COMMODITY
MARKET OUTLOOK
Gold fell after better-than-expected U.S. jobs data boosted U.S.
bond yields and the dollar.
Silver prices eased pressured by a surge in the dollar, after the
release of bullish U.S. private sector job growth.
Crude oil prices pared gains after a surprise rise in inventories
and uncertain prospects for President Trump's proposed tax cuts and spending
plans.
Copper gained following upbeat jobs data from the United States
and the return of Chinese buyers after a two-day break.
Zinc gained on short covering tracking rise in LME prices after
China returned after a two-day public holiday.
Nickel gained driven higher by gains in the steel sector after a
cyclone in Australia damaged transport routes for Spices coking coal.
Natural gas rose as traders monitored shifting weather forecasts
to assess the outlook for early-spring demand and supply levels.
COMMODITY MARKET
LEVELS:-
GOLD
P. POINT- 28859
S1 -28678
R1-28987
S2 -28550 R2-29168
SILVER
P. POINT-42317
S1 - 42116
R1-42459
S2 - 41917
R2-42660
COPPER
P. POINT-383
S1- 380 R1-389
S2- 374 R2-392
NATURAL GAS
P. POINT-214
S1 -210 R1-216
S2 -208 R2-220
CRUDE OIL
P. POINT-3340
S1 -3306
R1-3366
S2 -3280
R2-3264
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