Precious metals are trading flat since morning. The most actively traded Gold contract is at $1397.90, up by just 0.05% and Silver is at $22.48, higher by a meager 0.32% at the time of writing this. Intraday range for Gold and Silver is likely to remain narrow with resistance for Gold is near $1410.00 and that for Silver comes at $22.75 an ounce. Base metals are trading positive across the LME with 3-month Copper is at $7452.00, higher by 23 points or 0.32% and Aluminum is the top performer to gain 1.65% at $1975.00. View on base metals is still bullish and prices are likely to gain further for the day. Crude Oil and Natural Gas prices on NYMEX is at $93.78 and $4.00 respectively with Crude oil is higher by half a percent and Natural gas is up by 0.23% till now. Market participants are waiting for the release of Crude oil inventories, scheduled to be released at 8.00 PM by the EIA.
Data to watch :
ISM Non-Manufacturing PMI
ADP Non-Farm Employment Change
Crude Oil Inventories
Data to watch :
ISM Non-Manufacturing PMI
ADP Non-Farm Employment Change
Crude Oil Inventories
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