Thursday, 28 March 2013

Commodity Market Update (Natural Gas)

On COMEX, Precious metals are trading mixed since morning with Gold trading at $1603.50, lower by $3.70 or 0.23% while Silver futures rose couple of cents or 0.10% to trade at $28.64 an ounce. Base metals futures are trading lower since morning except Copper, trading in green at $7607.25 with a marginal gain of $2.75 or 0.04%. LME Zinc is losing most of the ground, eased 0.68% to $1896.00 per metric ton. ON NYMEX, Crude Oil futures rose 0.24% or 21 cents to trade at $96.79 while Natural Gas is losing almost half a percent to trade at $4.05 after having tested a 18-month high of $4.12. Natural Gas traders are waiting for EIA’s Natural Gas Storage with a market forecast of -85 Bcf against the previous of -62 BcF.

Data to watch:

US Unemployment Claims
US Natural Gas Storage

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