Commodity Market Update (Natural Gas)

Precious metals are trading mixed since morning after the last session’s steep decline. Actively traded Gold contract tested a high of 1249.60 before settling at 1246.10 while Silver futures tested a 4 months low of 18.825 before settling at 18.85, fell around half a percent or 8 cents an ounce. Base metals continued their declines for the last couple of sessions due to weaker than the expected economic data from China and a stronger dollar against the other currencies. 3-month Zinc is losing most of the ground, tumbling 1.68% or 38.75 points to trade at 2273.00 and Copper fell 1.24% or 85.25 points to trade at 6782.75 after having tested three months low of 6868.00, followed by rest of the metals which are down around a percent each. WTI Crude Oil is also continue their decline for the third consecutive sessions and trading near 16 months low at 91.18, down 0.53% or 49 cents while Natural Gas is trading flat at 3.946 per mmbtu.