Today Commodity Market News & Levels Outlook 16 FEB 2018.



Bullion - Opens on positive Note Gold -30680-36650 Silver -38620-38640 

Energy - Opens on positive Note Crude Oil - 3935-3939 Natural Gas -165.50-165 

Base Metals - Opens on positive Note Copper -458.10-458.30 Nickel -901-902 Lead -167.80-167.70 Zinc - 229.90-230 Aluminium -137-137.80


MCX Gold price has moved above the horizontal line which it was earlier finding resistance. On the lower end price found support at the 21 EMA on the daily chart and moved up smartly.
MCX Silver has reached to the upper side of the falling price where it found initial resistance. A decisive breakout above the falling wedge may trigger an upward rally in Silver price.
Price has moved up smartly during the last session and reached the upper side of the “Symmetrical Triangle” where it found resistance. On the lower end 200 DEMA has acted as support.
Price has moved up smartly during the last session and reached the upper side of the “Rising Wedge” where found resistance. Breakout above the rising wedge may induce more upsides till then Nickel may face selling pressure on rise.

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