Friday, 28 September 2012

Commodity Market Update (Natural Gas)

Precious metals are trading mixed since morning; the actively traded Gold on CMX is trading higher by a quarter percent or $4 at $1755 while Silver is at $34.07, traders are still trading silent as waiting for a bunch of data to be released today, Prices will be taking cues from the macroeconomic release which will state the health of the economy. Base metals are slightly positive with Copper higher by $30 at $8176. On Energy Crude is at $90.24 while Gas is trading at $3.24, traders will be looking for Natural Gas weekly Storage data to be released at 8.00 PM.

Data to Watch:
US Core Durable Goods Order
US Durable Goods Order
US Unemployment Claims
US Pending Home Sales
US Natural Gas Storage

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