FX & CFD trading involves significant risk
The dollar index moved into negative territory in recent trade, which has given commodities a boost.
Natural gas has been in positive territory for the past hour and a half, approx., but has slowly pulled back about $0.02/MMBtu during this time. Ahead of inventory data, nat gas was at $4.23, up $0.01. Following the data, which showed versus a build of 95 bcf versus the consensus of ~80 bcf, nat gas fell sharply to new session lows of $4.08; now at $4.09, down 3.3%.
Crude oil rallied sharply about 45 minutes before floor trading began, gaining about $2/barrel and pushing to new session highs of $99.07/barrel.
Silver has been in positive territory all morning, while gold has been chopping around the unchanged line in a tight range of around $1526 to $1530. Silver rose as high as $36.47/oz at around 9:00am EST and is now 1.2% higher at $36.36/oz. Gold is down $1.20/oz. at $1527.90/oz.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.