Friday 15 February 2013

Commodity Market Update (Copper)

Precious metals are trading lower today Gold futures are at $1629.10, down by $6.3 or 0.40% and Silver is at $30.22, down by 0.42% at the time of writing this. We expect Gold to face support near $1625.0 while support for Silver comes at $30.0. On base metals the view remain neutral as the prices are trading in a tight range since past few session. Copper is at $8239.25, unchanged since last settlement. Crude and Natural Gas on NYMEX are trading in red with Oil prices lower by 0.45% at $96.86 while Natural Gas is trading down by a percent at $3.13.

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