Wednesday 28 May 2014

Commodity Market Update(Crude Oil)

Precious metals are trading slightly higher today, Gold is at 1265.70 and Silver is at 19.11 an ounce. Gold prices are up by 0.03% and Silver is higher by 0.30% as we write this. Intraday outlook is neutral and we can see prices consolidating in a tight range in coming hour. Crude Oil and Natural Gas prices are also in green today, Crude Oil actively traded contract is at 104.35, +0.23% and Natural Gas is trading up by 0.33%. Intraday bias is positive for both the energy commodities. Base metals on LME are trading higher with Nickel remains the only exception to trade in red as we write this. LME Copper is at 6962.0, up by 0.34% and Nickel is at 19614.0, lower by 0.30%.

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