Precious metals are in a range today with the actively traded Gold contract on COMEX is at 1317.10, down by 0.45% and Silver is at 21.91, lower by 0.17% at the time of writing this. We expect prices to trade with a positive bias for the day. We can see nominal correction in Gold and Silver following the sharp recovery and such correction can be used as a buying opportunity. Base metals across the LME are trading in green, with Copper is trading at 7270.0, higher by 36 points or 0.50% and Nickel is at 14167.0, gaining the most by 1.32%. Bias stands positive for industrial metals. Crude Oil prices on NYMEX are trading in marginally higher at 100.83, +0.17%. We expect Crude Oil prices to remain negative as its breached 101.0 level and is trading below it. Natural Gas on NYMEX is trading down by 1.52% at 3.69 and is likely to extend it decline in coming hours. Intraday view for Energy complex stands bearish.
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