Precious metals on CMX are trading higher since morning with Gold trading up by 0.46% or 6 points and Silver is trading higher by 1.12% at 1324.60 and 21.66 an ounce. The near term view stands positive and we can see prices moving higher. Intraday bias is bullish and we can see prices gaining further in the following sessions. Crude Oil and Natural Gas prices on NYM are at 100.84 and 5.44, adding 0.54% and 4.33% respectively. Near term outlook is positive for both Crude Oil and Natural Gas. Base metals on LME are trading in green with Aluminum gaining 0.26% and Copper is higher by 0.52% as we write this. Nickel is the top gainer to edge up a percent followed by all other metals. Intraday bias for Base metals is neutral and we can see prices trading in a range.
US Banks are closed today in observance of president's day
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