10 January 2014

COMMODITY MARKET UPDATES FOR 10/01/2014

"sell lead @ 130.5 SL 131.02 TGT 129.1/128.5"
IN commodities, both gold and silver are trading lower. Gold is trading at $1226, down by 0.2%, while silver is trading down by over 1% at $19 at the Comex platform. WTI crude is trading marginally higher by 0.1% at $93.7 per barrel at the NYMEX platform. Lastly, most of the base metals 3M forwards at the LME platform are trading lower.
During the afternoon session, there were some fresh developments from Indonesia, where the government put forward a proposal to allow the export of concentrated ores up to 2017. If this I s passed, we could see a negative impact on nickel and to an extent aluminum over the coming sessions.
he London Metal Exchange witnessed the highest growth in trade volume in gold with 13,304 lots representing a growth of 13204% while Swaps Copper witnessed a growth of 1003.3% at 331 lots.

GOLD

1,226
UP
4
SILVER
92

UP
0.75
OIL

411
DOWN
1


To get free Commodity tips enter your mobile number HERE 

No comments:

Post a Comment