Thursday 2 May 2013

Commodity Market Update (Natural Gas)


Precious metals are trading lower today the most actively traded Gold contract on CMX is trading at $1454.00, adding $8.00 or half a percent and Silver is higher by a percent at $23.54 an ounce. We expect prices to remain range bound while the main trend is still bearish for the metals. Base metals are slightly higher, recovering its last session's heavy decline and Copper is at $6900.00, up by 100 points along with all other metals. Crude Oil and Natural Gas on NYMEX is trading positive by almost half a percent each at $91.59 and $4.34 respectively.

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