TODAY COMMODITY MARKET LEVELS & NEWS REPORT UPDATE 18 DEC 2017.

Bullion - Opens on positive Note Gold -28360-28370 Silver -37350-37370

Energy - Opens on positive Note Crude Oil -3680-3690 Natural Gas -170-170.40

Base Metals - Opens on positive Note Copper -445.50-446 Nickel -741.20-741.50 Lead -162.60-162.80 Zinc - 205.60-205.80 Aluminium -132.10-132.30

Commodity Market News
Gold prices clung to earlier gains and were poised for their first weekly gain in four weeks on Friday, withstanding pressure from strong equities markets on continued support from this week's interest rate rise by the Federal Reserve.

Silver was up 1.01 percent at $16.03 per ounce and set for its first weekly gain in four weeks.

We expect silver prices to trade sideways on the back of short covering after drop in prices.

Oil prices were mixed on Friday, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing U.S. output and weak gasoline demand kept a lid on gains. Hedge funds and other money managers pared their net long U.S. crude futures and options positions in the week to Dec. 12, cutting the holdings for a second week after hitting a record high, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.

We expect Natural gas prices to trade negative on the back of lack of demand.

We expect base metal prices likely to trade volatile on the back of largely speculative trading.