Thursday, 21 November 2013

Commodity Market Update (Natural Gas)

Precious metals are trading lower today with the most actively traded Gold contract is at 1245.0, down by a percent or 12 points and Silver is at 19.90, down by 0.84%, as we write this. Prices on domestic market are trading in a tight range after opening lower today. Gold is at 30018.0, -50 points and Silver is at 44840.0, lower by 150 points. The near term view remains negative and we expect prices to remain lower for the day. With exception of 3-month Copper all other base metals on LME are trading in red today. Copper is at 6991.50, up by 13 points while Lead is at 2084.0, down by half a percent. Crude Oil and Natural Gas on NYM are trading mixed with Crude Oil trading down by 0.18% at 93.69 and Natural Gas is at 3.68, +0.19%.

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