Precious metals are consolidating in a narrow range with Gold actively traded contract is at 1319.30, +0.04% and Silver is trading at 21.58, +0.74%. Intraday outlook remains neutral and we can see minor correction after previous gains. Crude Oil prices on NYM are trading in green with gains of 0.32% or 32 cents at 100.62 level and Natural Gas prices are at 5.48, up by more than 5% as we write this. Short term outlook is bullish for Crude Oil and Natural Gas. Base metals on LME are trading mixed with Aluminum, Copper and Lead are trading lower while Nickel and Zinc are trading in green. Copper is down by 0.64% or 46.25 points at 7139.0 and is likely to extend its downward journey in coming hours.
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