Precious Metals are trading mixed with Gold trading down by 0.23% at 1260.40 and Silver is at 19.81, down b 0.59% as we write this. The near term outlook stands negative for Gold and Silver and we expect prices to drift lower in the following hours. Crude Oil on NYM is also trading down today with the front month oil contract is at 96.94, down by 0.39% and Natural Gas is at 4.80, lower by 2.51% as we write this. Intraday view stands negative for both Crude Oil and Natural Gas. Base metals are trading in green as prices rebounded sharply from the low, as Chinese return with a bullish momentum after a long holiday. Copper prices are at 7143.5, higher by 0.53% and Nickel is trading up by 1.10% at 14119.0 at the time of writing this.
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