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Thursday, 21 March 2013

Commodity Market Update (Natural Gas)

Bullions are trading marginally positive with Gold spot prices are at $1608.6, adding almost $2.0 or 0.10% and Silver is up by 9 cents at $28.91. We expect Gold and Silver prices to trade in a range with a positive bias for the day. Resistance for Gold comes at $1620.0 level and that for Silver stands at $29.1 level. On Base metals prices are in green as recovered from the recent declines with Copper on LME is at $7640.0 which is higher by 0.25% or 20 points along with all other metals. Crude oil prices on NYMEX are trading lower by 0.60% at $92.97 while Natural Gas prices are trading flat at $3.960.
Data to Watch
US Unemployment Claims @ 6:00 PM

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