Precious metals are trading slightly lower with Gold trading around 1195.0 and Silver in near 16.50 an ounce. The intraday bias is likely to turn bullish and we can see prices edging higher from current levels. With an exception of LME Aluminum all other metals are trading in red. Nickel is the worst performer to ease as much as 1.04% at 16300.00. Copper is at 6570.00, -21 points or 0.32%, Intraday bias is negative for base metals. Crude Oil is higher with gains of 0.07% at 74.17 an ounce and Natural Gas is at 4.40, +0.09%, as we write this.
Wednesday, 26 November 2014
Commodity Market Update (Crude Oil)
Precious metals are trading slightly lower with Gold trading around 1195.0 and Silver in near 16.50 an ounce. The intraday bias is likely to turn bullish and we can see prices edging higher from current levels. With an exception of LME Aluminum all other metals are trading in red. Nickel is the worst performer to ease as much as 1.04% at 16300.00. Copper is at 6570.00, -21 points or 0.32%, Intraday bias is negative for base metals. Crude Oil is higher with gains of 0.07% at 74.17 an ounce and Natural Gas is at 4.40, +0.09%, as we write this.
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