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Wednesday, 2 April 2014

Commodity Market Update (Crude Oil)


Precious metals are trading flat in green with Gold trading up by 0.27% and Silver is trading up by a percent at 1283.0 and 19.89 an ounce respectively. The near term outlook remains neutral for Gold and Silver. Crude Oil and Natural Gas prices on NYM are at 99.72 and 4.24 with Crude Oil trading down by 0.02% and Natural Gas is trading lower by 0.72%. Intraday bias stands negative for both the commodities. Base metals are trading in green with Aluminum trading higher by 1.17% at 1815.0 while all other metals are trading marginally higher as we write this. The short term outlook stands neutral for Base metals.
Photo: Commodity Market Update (Crude Oil):
Precious metals are trading flat in green with Gold trading up by 0.27% and Silver is trading up by a percent at 1283.0 and 19.89 an ounce respectively. The near term outlook remains neutral for Gold and Silver. Crude Oil and Natural Gas prices on NYM are at 99.72 and 4.24 with Crude Oil trading down by 0.02% and Natural Gas is trading lower by 0.72%. Intraday bias stands negative for both the commodities. Base metals are trading in green with Aluminum trading higher by 1.17% at 1815.0 while all other metals are trading marginally higher as we write this. The short term outlook stands neutral for Base metals.

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