Precious metals are trading flat with Gold trading up by just a dollar at 1226.0 and Silver is higher by 4 cents at 19.49 an ounce. The near term outlook remains neutral for precious metals. Crude Oil and Natural Gas on NYMEX are trading in red with Crude Oil at 97.27, lower by 23 cents or 0.23% and Natural Gas is at 4.33, down by 1.27% as we write this. Crude Oil prices are struggling near an important support and a break below this will lead prices further down to test the next support at 96.50 level. Base metals on LME are trading nominally higher today, with Nickel remains the exception to trade in negative. The 3-month Nickel is at 13954.0, -0.50% while Lead is the top performer to gain 0.14% at 2130.0.0.
Data to watch: US PPI m/m and US Core PPI m/m
Data to watch: US PPI m/m and US Core PPI m/m
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