Friday 14 February 2014

Commodity Market Update (Copper)


Precious metals are trading higher with Gold trading 1308.70, +8.60 points or 0.66% and Silver is trading up by 48 cents at 20.87 an ounce. The near term outlook remains positive and we can see prices moving higher in coming sessions. Crude Oil and Natural Gas prices are trading mixed with Crude Oil trading lower by 0.42% or 42 cents and Natural Gas is trading at 5.33, higher by 2.0% as we write this. Base metals are trading higher with Copper remains the exception to trade in red at 7140.0, lower by 0.02% while all other metals are trading in green. Zinc is trading higher by 0.76% at 2042.0. Intraday bias remains neutral for base metals.

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