Commodity Mcx Market Trading levels 23 February

COMMODITY	S1	S2	S3	PIVOT	R1	R2	R3
GOLD	29102	29056	28978	29242	29313	29360	29438
SILVER	42486	42345	42111	42685	42940	43081	43317
CRUDE OIL	3571	3549	3512	3618	3630	3652	3689
NAT GAS	172.3	170.1	166.4	173.6	177.5	179.7	183.4
LEAD	151.3	150.4	148.9	152.1	153.7	154.6	156.2
NICKEL	712.3	709.4	704.8	719.1	720.8	723.6	728.3
ZINC	190	189	187.2	191.5	192.9	194	195.7
ALUMINIUM	125.3	124.9	124.1	125.6	126.8	127.2	128
COPPER	401.5	400.1	397.8	403.1	406.4	407.2	409.5

Bullion gold counter may open on optimistic way following optimistic worldwide markets. Moreover US initial unemployed claim data to give encourage way to the prices.Gold turned upper as the dollar moved fall on Wednesday, after minutes from the past U.S. Federal bank meeting indicated uncertainty among policymakers about the fresh Trump administration's monetary program. Gold revitalized after the Jan. Fed minutes proposed that voting members were relaxed about having "ample" time to react to inflation weight. Gold is exceedingly sensitive to improving U.S. interest costs, which increment the possibility cost of holding non-yielding bullion, while likewise boosting the dollar. Traders were likewise looking in front to an address by U.S. President Donald Trump to Congress one week from now at which he is anticipated to release tax policies.

Crude oil Today EIA crude oil inventory data to give encourage course to the costs. Oil futures climbed about 1% on Thursday after data published by an industry group demonstrated an unexpected decrease in U.S. crude oil shares as imports dropped , loaning support to the view that a worldwide oversupply is consummation. Mcx Crude oil inventories dropped by 884,000 barrels in the week to Feb. 17 to 512.7 million, contrasted and analysts' desires for an expansion of 3.5 million barrels, information from industry bunch the American Petroleum Institute appeared on Wednesday. The data added to positive faith before in the week when the Organization of the Petroleum Exporting Countries said an deal with different producers including Russia to control output was demonstrating an high range of consistence. Natural gas may witness some short covering as week after week inventory data to give further way to the prices.

Base metals complex may trade with sideways bias.London copper costs floated in low volumes on Thursday, with the U.S. dollar firming as the market reassessed the minutes of the Federal Reserve's past policy meeting, which kept the possibility of a March rate climb in play. Costs have been bobbing about the $5,960-$6,200 scope since mid-month, having achieved a 20-month top of $6,204 on February 13, after a hit was reported at the global’s greatest copper mine, Chile's Escondida. BHP Billiton's decision present week to surrender its legal ideal to replace striking workers at the Escondida copper mine in Chile is a move went for sacrificing some yield to undermine the union's position.