Thursday, 10 January 2013

Commodity Market Update (Natural Gas)

Bullions are trading positive with the active Gold contract is trading higher by 0.34% at $1661.10 and Silver futures are at $30.45, up by 0.70% at the time of writing this. Prices are likely to trade range bound with no clear direction for the day; Market participants will be waiting for the US Jobless data set to be released today at 7.00 PM. Base Metals are positive today; 3-month Copper is up by 0.80% at $8145.00 and Zinc is trading at $2043.00, higher by more than a percent. On energy complex, Oil and Natural Gas futures are trading higher by 0.70% each with Crude Oil futures are at $93.75 and Natural Gas at 3.136.

Data to watch
US Unemployment Claims
EUR ECB Press Conference
US Natural Gas Storage


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