Commodity market outlook
- By Advisorymandi |
- Feb 22, 2017
- Last Updated at 11:24 IST
Gold prices submissive
Gold prices edged lower amid selling pressure.US stocks closed at record high yesterday ,traders awaits for FED’s Jan 31st- - Feb 1 policy meeting minutes due later as dollar gains strength for further direction of the precious metal. COMEX Gold is trading at $1236.05 down by (-0.22 %) per ounce.
Oil prices above $54
Crude oil prices rose backed by investor’s optimism about compliance to a global pact to curb crude output .Comments from world’s commodity giant BHP Billiton on upbeat oil prices in its latest earnings report infuse enthusiasm in traders.
|
Commodity |
CMP |
S1 |
S2 |
R1 |
R2 |
|
Gold- Apr |
29240 |
29110 |
28980 |
29390 |
29530 |
|
Silver -Mar |
42680 |
42530 |
42400 |
42860 |
43025 |
|
Crude-Mar |
3659 |
3620 |
3580 |
3715 |
3760 |
|
Copper-Feb |
403.60 |
399.50 |
395 |
407.50 |
413 |
|
Nickel-Feb |
721.80 |
717 |
713.50 |
727 |
732 |
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