Wednesday, 27 November 2013

Commodity Market Update (Crude Oil)

Precious metals are trading positive today with the actively traded Gold contract is at 1247.30, higher by half a percent, followed by Silver which is up by 0.40% at 19.92 an ounce. Intraday view remains negative and we can see prices drifting lower in the coming hours. Crude Oil and Natural Gas on NYM are trading mixed with Crude Oil trading at 93.39, down by 29 cents and Natural Gas is at 3.86, +0.05% as we write this. Base metals are trading in green today, with Nickel gaining around 0.40% or 50 points at 13494.0, followed by all other metals. The intraday outlook remains neutral for Base metals.

Data to Watch:
US Jobless Claims, Core Durable Goods Orders.

No comments:

Post a Comment