Friday 4 July 2014

Commodity Market Update (Copper)

Precious metals on CMX are trading silent since morning after the last night’s high volatility due to couple of economic releases from US and Europe which made safe heavens zigzag. Actively traded Gold contract is up 2.20 points or 0.17% to trade at 133.80 while Silver is trading at 21.21, higher by 7.3 cents an ounce. WTI Crude Oil continuing its last three sessions steep gain to trade at 103.86, down 20 cents per barrel while Natural Gas is losing 0.73% or 3.3 cents to trade at 4.373 per mmbtu. Base metals are trading lower since morning due to stronger dollar against the other currencies. 3-month Nickel is leading the group, down around half a percent or 85 points to trade at 19735.00 and Copper is trading down to 7160.00, lower by 13 points after having tested a four and half months high of 7190.00 per metric ton, followed by rest of the metals.

Photo: Commodity Market Update (Copper):
Precious metals on CMX are trading silent since morning after the last night’s high volatility due to couple of economic releases from US and Europe which made safe heavens zigzag. Actively traded Gold contract is up 2.20 points or 0.17% to trade at 133.80 while Silver is trading at 21.21, higher by 7.3 cents an ounce. WTI Crude Oil continuing its last three sessions steep gain to trade at 103.86, down 20 cents per barrel while Natural Gas is losing 0.73% or 3.3 cents to trade at 4.373 per mmbtu. Base metals are trading lower since morning due to stronger dollar against the other currencies. 3-month Nickel is leading the group, down around half a percent or 85 points to trade at 19735.00 and Copper is trading down to 7160.00, lower by 13 points after having tested a four and half months high of 7190.00 per metric ton, followed by rest of the metals.

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