TODAY COMMODITY MARKET LEVELS & NEWS OUTLOOK REPORT 09 NOV 2017.

Bullion - Opens on negative Note Gold -29460-29470 Silver -39720-39740

Energy - Opens on negative Note Crude Oil -3692-3696 Natural Gas -205.50-205.90

Base Metals - Opens on negative Note Copper -443-444 Nickel -804-810 Lead -162.30-162.40 Zinc - 208-208.50 Aluminium -135.90-136

COMMODITY MARKET NEWS

Precious Metals

Precious metals are likely to open flattish after a small bounce yesterday but the trend is likely to stay choppy on lack of major economic triggers. US Senate is likely to reveal its own version of the tax bill today and reports suggest that it is considering a delay in the implementation of a corporate-tax cut.

Base Metals

Base metals traded flat, with copper changing marginally, with light turnover. Chinas imports of unwrought copper, stood at 330,000 tonnes last month, up from 290,000 tonnes a year ago, but down from 430,000 tonnes in September. Imports for the first 10 months of year were 3.76 million tonnes, down 7.8% in 2016

Energy

Crude oil is likely to open flat with both WTI and Brent holding near two-year highs. US inventory data was mixed bag with unexpected rise in headline crude stocks by 2.2 million. Gasoline and distillate stocks however saw sharp drawdown of 3.3 million barrels each. US production edged higher to record 9.62 mbpd, surpassing the high from 2015.