Wednesday 11 September 2013

Commodity Market Update (Crude Oil)

Precious metals are trading flat since morning on CMX. The actively traded Gold contract opened at 1364.20 and is currently trading at 1365.0, up by a dollar or 0.07%. The front month Silver contract is higher by half a percent at 23.12 at the time of writing this. A strong support for Gold comes around 1350.0 while that for Silver stands near the day’ low of 22.78 an ounce. Base metals on LME are trading in green with three-month Copper trading at 7203.0, higher by 30 points or 0.40% along with all other metals which are similarly higher. Crude Oil and Natural Gas on NYM are at 107.73 and 3.58, gaining 0.31% and 0.03% respectively. The intraday bias remains positive for Crude oil and natural gas.

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