Thursday 9 January 2014

Commodity Market Update (Natural Gas)

On CMX, precious metals are trading silent since morning after having a small range of trading session with Gold trading at 1226.10, up 0.60 points while Silver is trading almost flat at 19.54 after having tested a low of 19.43 an ounce. Base metals are losing on LME after the release of US FOMC Meeting Minutes which increased expectation of further easing of bond buying program. 3-month Nickel and Lead are leading the metals group, down 0.88% each to trade at 13400.00 and 2114.25 respectively while Copper tested a low of 7246.75 before settling at 7259.00, lower by 0.80% or 58.75 points. Energy prices on NYMEX are trading mixed with Crude Oil trading at 92.68, up 0.38% while Natural Gas is losing 1.19% or 5 cents to 4.166 per mmbtu.
 

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