Precious metals are trading slightly positive with active Gold contract is trading at $1707.40, up by $11.60 or 0.68% and Silver is trading higher by 1.42% or 46 cents at $33.275 on COMEX. NYMEX Oil prices are trading positive by half a dollar or 0.58% at $89.00 while Gas futures prices are trading at $3.535, lower by just 0.11%. Oil traders will be waiting for the release of US Crude Oil Inventories data at 9.00 PM with a market forecast of -0.4M against -0.3M of the previous week. With an exception of three-month Lead all other metals are trading slightly positive on LME. 3-month Copper is at $8055.00, up by 20 points or 0.25%.
Data to watch
US ADP Non Farm Employment Changes
US ISM Non-Manufacturing PMI
US Crude Oil Inventories
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