Markets To Watch Today!
Gold and Silver: Metals futures had a mixed day yesterday as a traders were bargain hunting after the selloff on Tuesday. Profit taking toward the end of trading pressured front month June Gold, closing down 20 cents an ounce, at $562.30. Silver was not as affected by the profit taking and closed up 11 cents an ounce, at $9.735.
Copper: Again this metal too was affected by Tuesday's selloff, as traders bought back previously sold positions. July Copper was up 4.55 cents to close at $3.0560 a pound on Wednesday.
Natural Gas: Traders worried about a recent forecast of heat and early hurricane activity pushed Natural Gas futures prices up yesterday. July Natural Gas contracts closed up 6.9% yesterday, settling at $6.590 per million British thermal units. Today's weekly storage report should be the next catalyst for market movement, as analysts and traders expect to see an increase in inventories.
Copper: Again this metal too was affected by Tuesday's selloff, as traders bought back previously sold positions. July Copper was up 4.55 cents to close at $3.0560 a pound on Wednesday.
Natural Gas: Traders worried about a recent forecast of heat and early hurricane activity pushed Natural Gas futures prices up yesterday. July Natural Gas contracts closed up 6.9% yesterday, settling at $6.590 per million British thermal units. Today's weekly storage report should be the next catalyst for market movement, as analysts and traders expect to see an increase in inventories.
posted by XPRESSTRADE, LLC at 6/15/2006 06:15:00 AM
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