Wednesday, 20 March 2013

Commodity Market Update (Crude Oil)

Precious metals are trading mixed with Gold down by a dollar or 0.05% while Silver is at $28.95, adding 0.25% or 7 cents at the time of writing this. We expect prices to trade in a range with a positive bias for rest of the trading hours. On Base metals prices are trading higher today, recovering its past declines on account of short covering with three-month rolling Copper contract is trading at $7606.00, up by a percent or $75.00. On energy section, Crude Oil is at $92.77, higher by 0.66% or 61 cents while Natural Gas is trading lower at $3.946 with a decline of 0.60%.

Data to Watch
FOMC Economic Projections
FOMC Statement

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