Commodity Market Update (Copper)

Precious Metals are trading marginally higher ahead of the FED Chairman Yellen's testimony; Gold is up 0.18% at 1311.50 an ounce and Silver is higher by 0.45% to 19.81 an ounce. Prices are gaining nearly half a percent in the domestic market - the intraday bias is neutral. Copper is trading down nearly a percent at 3.03 per lb, down 0.62% whereas on MCX, copper is down only 0.34% to trade at 407.50. The intraday bias on base metals is negative. On the energy front, oil prices are higher by 88 cents to 100.37 per barrel whereas Natural Gas is down 0.40% to 4.78 per mmbtu. Crude Oil is expected to move higher in intraday today whereas Natural Gas is expected to remain steady.