TODAY COMMODITY MARKET LEVELS AND REPORT UPDATE 30 OCT 2017.
Bullion - Opens on mixed Note Gold -29280-29290 Silver -39150-39140
Energy - Opens on mixed Note Crude Oil -3506-3510 Natural Gas -195.50-196
Base Metals - Opens on mixed Note Copper -444.50-445 Nickel -747-748 Lead -157.20-157.30 Zinc - 211.20-211.30 Aluminium -140.10-140.05
Precious metals are trading higher on COMEX today. We expect prices to
trade range bound for the day as investors remained cautious ahead of the
naming of the next U.S. Federal Reserve chair and ahead of a two-day
Federal Open Market Committee (FOMC) meeting, both this week.
Industrial metals are trading higher on International bourses today. We
expect prices to trade range bound for the day, not far from a two-week low
hit in the previous session on persistent headwinds from a stronger dollar.
Crude oil is trading mix on NYMEX today. We expect prices to trade range
bound for the day, with Brent remaining above $60 per barrel supported by
expectations that an OPEC-led production cut due to expire next March
would be extended.
Crude oil prices jumped about 2
percent on Friday, with global
benchmark Brent crude rising
above $60 per barrel, on support
among the world's top producers
for extending a deal to rein in
output and as the dollar retreated
from three-month peaks.










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