Wednesday 23 July 2014

Commodity Market Update (Crude Oil)

Precious metals are trading higher today the recent delivery Gold contract on CMX is higher by 0.15% or 2 points at 1308.20 and Silver is at 21.01, slightly higher today. The near term outlook remains neutral and we can see prices trading higher for the day. Base metals on LME are trading in red today, Copper is lower by 0.28% or 20 points at 7030.0 and the worst performer Nickel is at 18985.0, down by 114 points or 0.60% as we write this. Crude Oil and Natural Gas prices are trading mixed with Crude Oil trading at 101.17 and Natural Gas is at 3.78. Crude Oil prices are trading lower by 0.05% while Natural Gas is higher by 0.32% as we write this. Bias for Natural Gas is negative.

Photo: Commodity Market Update (Crude Oil):
Precious metals are trading higher today the recent delivery Gold contract on CMX is higher by 0.15% or 2 points at 1308.20 and Silver is at 21.01, slightly higher today. The near term outlook remains neutral and we can see prices trading higher for the day. Base metals on LME are trading in red today, Copper is lower by 0.28% or 20 points at 7030.0 and the worst performer Nickel is at 18985.0, down by 114 points or 0.60% as we write this. Crude Oil and Natural Gas prices are trading mixed with Crude Oil trading at 101.17 and Natural Gas is at 3.78. Crude Oil prices are trading lower by 0.05% while Natural Gas is higher by 0.32%  as we write this. Bias for Natural Gas is negative.

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