Precious metals are trading in green with the front month Gold contract on CMX is trading at 1393.0, up by 0.22% and Silver is higher by half a percent at 23.53 an ounce. An important support for Gold comes around 1375.0 and that for Silver stands near 22.50 level. The short term view remains bearish on Gold and Silver and we expect prices to test their respective supports. Crude Oil and Natural Gas are also trading positive today, Crude Oil near month contract is at 107.94, +0.66% and Natural gas is at 3.68, +0.08% at the time of writing this. Traders are looking for the upcoming Crude Oil inventory report and Natural Gas Storage data to be released later today. Base metals on LME are trading flat with no major moves witnessed since morning. Copper is at 7316.0, just 25 cents higher while Nickel is up by 0.06% or 8 points.
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