Thursday, 28 August 2014

Commodity Market Update (Natural Gas)

Gold and Silver are advances on CMX due to tension over Ukraine spurred haven demand and as the dollar weakened. Actively traded Gold contract tested a week high of 1293.30 before settling at 1287.90, up around half a percent or 5.40 points and Silver is surging 1.73% or 33 cents to trade at 19.74 after having tested a high of 19.875 an ounce. WTI Crude Oil is trading down as Crude stockpiles increased at the biggest US oil storage hub. Light Sweet Crude Oil futures tested a low of 93.45 before settling at 93.54, easing 34 cents or 0.35% while Natural Gas is adding a cent or 0.32% to trade at 4.016 after having tested a high of 4.028 per mmbtu. With the exception of Aluminum and Zinc, Base metals are trading lower with Copper trading at 7015.00, down 10 points and Nickel is losing 0.77% or 145 points to trade at 18721.00 per metric ton.
Photo: Commodity Market Update (Natural Gas):
Gold and Silver are advances on CMX due to tension over Ukraine spurred haven demand and as the dollar weakened. Actively traded Gold contract tested a week high of 1293.30 before settling at 1287.90, up around half a percent or 5.40 points and Silver is surging 1.73% or 33 cents to trade at 19.74 after having tested a high of 19.875 an ounce. WTI Crude Oil is trading down as Crude stockpiles increased at the biggest US oil storage hub. Light Sweet Crude Oil futures tested a low of 93.45 before settling at 93.54, easing 34 cents or 0.35% while Natural Gas is adding a cent or 0.32% to trade at 4.016 after having tested a high of 4.028 per mmbtu. With the exception of Aluminum and Zinc, Base metals are trading lower with Copper trading at 7015.00, down 10 points and Nickel is losing 0.77% or 145 points to trade at 18721.00 per metric ton.

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