Commodity Market Reviews and levels 15- March

COMMODITY	S1	S2	S3	PIVOT	R1	R2	R3
GOLD	27959	27898	27797	28136	28193	28255	28357
SILVER	39877	39751	39542	40185	40290	40416	40626
CRUDE OIL	3095	3061	3003	3158	3176	3211	3267
NAT GAS	191.1	188.6	184.4	196.7	197	199.4	203.6
LEAD	144.1	142.1	138.9	147.2	148.6	150.6	153.9
NICKEL	667.1	662.7	655.4	670.7	678.5	682.9	690.2
ZINC	178.3	176.7	174	179.6	182.3	183.9	186.6
ALUMINIUM	121.3	120.5	119.3	122.8	123.3	124.1	125.3
COPPER	382.6	380.5	377	384	388.4	390.5	394

Bullion

Bullion Gold costs were minimal changed on Tuesday as a anticipated U.S. interest cost climb helped the dollar and weighed on the valuable metal, yet political risks in Europe gave safe-haven support. With a rate increment by the Federal Reserve seen as a done deal, trader spotlight is moving to what message the U.S. central bank would convey when it finishes up its meeting on Wednesday. In Dec. the Fed forecast 3 rate growth present year.

Gold is very touchy to improving interest fees, which increment the possibility cost of holding non-yielding bullion while rising the dollar, in which it is valued.

Somewhere else, trader were focusing on Wednesday's Dutch votes, which have been boosting gold's safe-haven appeal. The counter Islam Party for Freedom is viewed as having minimal possibility of coming to control, however a solid decision performance for the gathering will fuel stresses over an unexpected outcome in French presidential votes in April and May.

In Britain, concerns have expanded over a 2th Scottish independence referendum and the activating of Article 50, which will formally start British negotiations to leave the European Union.

Energy

Mcx Oil costs are bouncing back after a stage decay yesterday as API noted an attract US inventories.API detailed a marginal fall of 0.5 million barrels a week ago which is helping costs bounce back today.The OPEC month to month note was merged as the OPEC announced upper consistence to reduces however Saudi yield edged upper a month ago.

Saudi Arabia announced that its production expanded to 10.011 million bpd in Feb, gain 263,000 bpd from Jan. EIA forecasts demonstrate that US shale production in April is probably going to tick up by 109,000 barrels to 4.96 mbpd. The IEA report today would be firmly anticipated for further confirmation on worldwide supply figures and inventory circumstance.

Base Metals

Mcx metals metals are generally flat with respect to the LME and markets however optimistic Chinese data would support view present week. China's factory output increased 6.3 Percent in Jan-Feb from a similar period a year prior, while fixed-asset investment raise 8.9 Percent.Copper may decay as a hit at Peru's top copper mine, Cerro Verde, may end one week from now if the labor ministry proclaims it unlawful Chile's Escondida copper mine would likewise hope to restart operations later hitting employees dismisses a welcome to come back to negotiations For nickel, the political-driven instability over Indonesian and Philippines exports continues.