Precious metals are trading flat with no major movement seen yet. The intraday bias is slightly negative and we may see prices moving slowly lower in coming hours. Gold is trading at 1254.0, +0.02% and Silver is at 19.05, -0.08% as we write this. Crude oil and Natural Gas prices on NYM are at 104.63 and 4.61 respectively. Crude Oil is trading up by 0.19% and Natural gas is trading lower by 0.62%, intraday bias remains neutral for Crude Oil while a possible bounce back is possible in Natural gas at current level. Base metals on LME are trading down with Aluminum and Zinc trading lower by 0.77% respectively and Copper is at 6648.00, down by 0.40%. Short term bias remains negative on base metals.
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Tuesday, 10 June 2014
Commodity Market Update (Silver)
Precious metals are trading flat with no major movement seen yet. The intraday bias is slightly negative and we may see prices moving slowly lower in coming hours. Gold is trading at 1254.0, +0.02% and Silver is at 19.05, -0.08% as we write this. Crude oil and Natural Gas prices on NYM are at 104.63 and 4.61 respectively. Crude Oil is trading up by 0.19% and Natural gas is trading lower by 0.62%, intraday bias remains neutral for Crude Oil while a possible bounce back is possible in Natural gas at current level. Base metals on LME are trading down with Aluminum and Zinc trading lower by 0.77% respectively and Copper is at 6648.00, down by 0.40%. Short term bias remains negative on base metals.
Today's Intraday Commodity Tips say that Silver trading range for the day is 40200-41824
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