Thursday, 12 February 2015

Commodity Market Update (Natural Gas)

On COMEX, precious metals rebound from 5 weeks low after talks between Greece and its European partners failed to reach agreement on a way forward to allow Athens to get a needed funding program in place before the end of the month. Front month Silver futures tested a high of 17.04 before settling in green at 16.90, gaining around a percent or 14 cents and Gold is up around half a percent or 5.50 points to trade at 1225.10 after having tested a high of 1232.80 an ounce. Base metals are gaining on Thursday as investors cheered reports of a cease-fire agreement between Russia and Ukraine. Copper and Lead are leading the group, climbing around 1.30% each to trade at 5667.00 and 1823.00 respectively, followed by Aluminum and Zinc while Nickel is the only metal, is trading in red at 14660.00, down 75 points or 0.50% after having tested a low of 14545.00. Crude Oil is surging around 3% or 1.41 points to trade at 50.26 while Natural Gas jumps over 2.50% or 8 cents to trade at 2.84 per mmbtu.

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