Friday 16 May 2014

Commodity Market Update (Copper)

Precious metals are trading flat in a range with Gold trading higher by 0.04% at 1294.10 while Silver is in red at 19.39, -0.46% as we write this. The near term outlook remains negative for Gold and Silver and we can see prices drifting lower in coming sessions. Base metals prices on LME are trading higher with Nickel leading the gainers with a gain of 2.63% at 19120.0, while all other metals are nominally higher. Crude Oil and Natural Gas prices on NYM are at 101.58 and 4.45. Crude Oil is up by 0.07% and Natural Gas is lower by 0.27% as we write this. Intraday bias remains neutral for Crude Oil and Natural Gas.
Photo: Commodity Market Update (Copper):
Precious metals are trading flat in a range with Gold trading higher by 0.04% at 1294.10 while Silver is in red at 19.39, -0.46% as we write this. The near term outlook remains negative for Gold and Silver and we can see prices drifting lower in coming sessions. Base metals prices on LME are trading higher with Nickel leading the gainers with a gain of 2.63% at 19120.0, while all other metals are nominally higher. Crude Oil and Natural Gas prices on NYM are at 101.58 and 4.45. Crude Oil is up by 0.07% and Natural Gas is lower by 0.27% as we write this. Intraday bias remains neutral for Crude Oil and Natural Gas.

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