Precious metals are trading positive since morning with the most actively traded Gold contract is at 1255.80 and Silver is at 19.55, higher by 0.35% and 0.68% respectively. The near term outlook remains bullish for Gold and we can see prices moving higher in near term. Base metals prices are trading in green with nominal gains, prices are consolidating at a lower level and we expect bounce back in the metals. 3-month Copper on LME is at 7065.0, +28 points o r0.41% and Lead is at 2113.25, higher by 0.73% as we write this. Crude Oil prices are trading near an important resistance of 96.95 and a close above this will lead prices higher to 97.50 level while on downside support is at 96.33 level. Natural Gas prices are at 5.32, down by 0.87% as a correction to its last session’s sharp gain. Intraday bias remains positive for Natural Gas.
No comments:
Post a Comment