Thursday, 12 December 2013

Commodity Market Update (Natural Gas)

Precious metals are trading lower today with Gold trading down by half a percent at 1250.60 and Silver is at 20.19, lower by 0.80%. Intraday view remains negative and we expect prices to trade down in the coming hours, traders are waiting for US jobless claims data which is scheduled at 7.00 PM and we expect prices to take cues from this weekly release. Base metals across the LME are trading in green with lead recording the highest gain of 0.65%, followed by Nickel and other base metals. Intraday outlook remains positive for base metals. Crude Oil and Natural Gas prices are trading mix today with Crude Oil is at 97.42, lower by just a cent and Natural Gas is up by 0.58% at 4.36 per mmBtu

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