Commodity Mcx Market Reviews 17 Feb 2017

COMMODITY	S1	S2	PIVOT	R1	R2
GOLD	29263	29168	29348	29569	29663
SILVER	42792	42660	42930.7	43228	43361
CRUDE OIL	3563	3545	3572	3612	3630
NAT GAS	190.7	188.9	194	194.9	196.7
LEAD	151.7	150.4	154.1	155	156.3
NICKEL	733.7	729.3	734.9	745.5	749.9
ZINC	190.4	189.1	192	193.6	194.9
ALUMINIUM	126.3	125.9	126.8	127.8	128.2
COPPER	398.7	396.1	402.6	405.4	408.1

Bullion counter may trade on optimistic way following firm global markets in the midst of weaker greenback. Gold held firm at an early stage Friday as the dollar drifted close to 1-week lows, putting the precious metal on follow for a 3th week of increases in the midst of political vulnerabilities in the U.S. also, Europe. Worry over U.S. President Donald Trump's policies, and in addition decisions in the Netherlands, France and Germany present year, have filled gold's growth to a peak of $1,244.67 on February 8. European Central Bank policymakers called a consistent hand approach finally month's rate meeting, the minutes of the social occasion appeared, proposing little craving for dialing back boost while Europe prepares for high-stakes decisions. European Union authorities asked Greece and its moneylenders on Thursday to finish up a long-late bailout survey rapidly to shield financial recuperation yet Athens said it wouldn't ask "an euro more" from its somberness wracked natives.

Mcx Crude oil (Feb) can trade on optimistic path.Oil costs edged gain on Friday, lifted by a report that producer club OPEC could increase a yield reduce went for reining in a worldwide fuel supply overhang. The Organization of the Petroleum Exporting Countries (OPEC) and different producers including Russia have consented to cut yield by just about 1.8 million barrels for every day (bpd) amid the 1th 1/2 of 2017, and evaluations recommend consistence by OPEC is about 90%. U.S. crude oil and gas inventories took off to record highs a week ago as refineries reduce yield and fuel demand diminished, the Energy Information Administration said on Wednesday. Crude oil inventories increased by 9.5 million barrels in the week finished February 10, almost triple experts' desires, boosting commercial shares to an unsurpassed record at 518 million barrels.

Base metals are merged to fall as view is affected by correction in worldwide shares. Copper is finding support as there is no progress in wage negotiations at Escondida. US lodging data were merged as lodging begins in Jan. Dropped by 2.6 Percent yet building permits expanded by 4.6 Percent in Jan. The Philly Fed's manufacturing index took off to 43.3 in Feb., the largest amount since 1984 The worldwide zinc market was balanced in Dec. after a deficit of 45,400 tons in Nov. The worldwide lead market deficit narrowed to 6,000 tons in Dec. after a deficiency of 16,000 tons in Nov.