Thursday, 5 December 2013

Commodity Market Update (Natural Gas)

Precious metals are trading down today with Gold trading at 1232.0, lower by 15 points or 1.23% and Silver is at 19.45, down by almost 2%, as we write this. The near term outlook remains negative and we expect prices to ease further in the coming hours. With an exception of LME Copper all other metals are trading in green with Nickel leading the gainers to trade at 13771.0, higher by 0.65% while on downside Copper is at 7083.0, lower by 0.14% or 10 points. Crude Oil and Natural Gas prices are trading higher today with Crude Oil trading up by 0.25% at 97.46 and Natural Gas is up by half a percent at 3.23. Intraday outlook remain bullish for both Crude Oil and Natural Gas

Data to watch: Unemployment Claims and Prelim GDP q/q

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