Commodity Market Update (Natural Gas)

Bullions are trading range bound and almost unchanged from last evening where we saw sharp declines in prices. Gold is trading at $1607.50 and Silver at $27.45 and we expect prices to trade higher into the evening. Also, ECB and BOE are to conclude there policy meetings today which would keep volatile for the second consecutive session today. Base Metals are m

ixed today with Copper lower by $18.5 at $7428.25 on LME and Nickel higher by $17.0 to $15607.0 a ton; prices are expected to trade with a negative bias. Crude Oil prices are trading at $89.07, higher by 16 cents while Natural Gas is lower by almost a percent to trade at $3.148 per mmBtu. We have a neutral bias towards Crude Oil and expect it to trade in the current range.

Key Data to Watch : US Unemployment Claims, Factory Orders and Natural Gas Storage Report (8.00 pm)