TODAY COMMODITY MARKET REPORT & LEVELS UPDATE 21 AUG 2017.



Bullion - Opens on negative Note Gold -29120-29100 Silver -38850-38880 

Energy - Opens on positive Note Crude Oil -3105-3110 Natural Gas -186.30-186.50 

Base Metals - Opens on positive Note Copper -417-417.25 Nickel -710-715 Lead -151.75-151.85 Zinc - 202-203 Aluminium -132.50-133




Precious metals are trading lower on COMEX today. We expect prices to trade range bound for the day, as the dollar firmed, with the precious metal trading below an intra-day nine-month high hit on Friday when political and security concerns jangled investors' nerves and stoked demand.

Industrial metals are trading higher on International bourses today. We expect prices to trade higher for the day as investors ploughed into metals used by China's steel sector, seeing robust demand even as capacity is constrained by Beijing's drive to reform bloated industries.

Crude oil is trading mix on NYMEX today. We expect prices to trade range bound for the day, largely holding on to Friday's big gains even though rising U.S. output weighed on hopes the market will tighten after a 13 percent fall in U.S. crude inventories since March. 

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