Commodity Market update (Crude Oil)

Precious metals are trading higher on COMEX with the most actively traded Gold contract trading at 1425.50, up by 5 points or 0.37% and Silver prices are at 24.80, higher by 0.43% at the time of writing this. We expect prices to remain positive in near term. Crude Oil and Natural Gas prices are trading in higher on NYMEX since opening with Crude Oil is up around a percent to trade above 110.20, after testing an intraday high of 112.24 and Natural Gas is up by 0.34% or a cent to trade at 3.54. Base metals on LME are trading in red today, three-month Copper contract is trading at 7283.0, lower by 0.35% or 25 points and support comes at 7230.0 while Nickel is the worst performer to ease 145 points or a percent to trade at 14280.0.
Data to watch: Pending Home Sales and Crude Oil Inventories.