Bullion prices are trading slightly positive with Gold trading up by 0.34% and Silver is higher by 0.57% at 1255.0 and 19.61 respectively. The near term outlook remains positive and we can see prices consolidating in a tight range. Base metals on LME are trading marginally higher with Nickel leading by a gain of 0.44% at 14208.0 and Copper is trading at 7168.0, higher by 0.30%. Intraday outlook remains positive for base metals and we can see prices moving higher in the following sessions. Crude Oil prices are trading at 96.94, below the crucial support of 97.00 and we expect prices to drift lower in the following sessions. Crude oil prices are lower by 0.47% or 46 cents as we write this. Natural Gas prices on NYM is at 5.04, slightly higher by 0.05% and we the intraday bias stands neutral for Natural Gas.
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