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Natural gas trading outlook: futures fall on projections of warmer readings

February 24, 2015 9:40 am
Natural gas fell on Tuesday to extend losses into a second session as forecasting agencies projected temperatures to warm up by late next week. Natural gas for delivery in April traded 1.52% lower at $2.849 per million British thermal units at 9:22 GMT, holding within a daily range of $2.906 and $2.840. The contract dropped […] Read more

Gold trading outlook: futures fall ahead of Yellen’s speech

February 24, 2015 8:21 am
Gold hovered near the key level of $1 200 on Tuesday, extending losses into a third session, as investors awaited the testimony of Federal Reserve Chair Janet Yellen. Comex gold for delivery in April lost 0.12% to $1 199.4 per troy ounce by 07:57 GMT, having shifted in a daily range of $1 204.4 and […] Read more

Commodities trading outlook: gold hits 7-week low on Greek deal, copper falls

February 23, 2015 9:57 am
Gold slipped on Monday to trade near its lowest in seven weeks as Eurogroup officials reached an agreement on Greece’s debt, curbing safe-haven demand for the yellow metal. Silver, platinum and palladium fell as well. Copper declined as Chinese markets remained closed. Comex gold for delivery in April lost 0.97% to $1 193.2 per troy […] Read more

Natural gas trading outlook: futures edge up as cold weather persists

February 23, 2015 9:28 am
Natural gas edged up on Monday to extend gains to a fourth session as forecasting agencies projected stronger cold blasts arriving this week and lower temperatures over the majority of the central and eastern US regions. Natural gas for delivery in April traded 2.15% higher at $3.036 per million British thermal units at 9:01 GMT, […] Read more

Gold trading outlook: futures fall on Greek deal

February 23, 2015 8:25 am
Gold slipped on Monday to trade near its lowest in seven weeks as Eurogroup officials reached an agreement on Greeces debt, curbing safe-haven demand for the yellow metal. Comex gold for delivery in April lost 0.20% to $1 202.5 per troy ounce by 07:50 GMT, having shifted in a daily range of $1 204.7-$1 200.6 […] Read more

Crude oil trading outlook: futures swing on US rig count, Libyan output boost

February 23, 2015 8:15 am
West Texas Intermediate and Brent crude were little changed in early European trading on Monday as investors weighed an eleventh weekly drop in active US oil rigs against a recovery in Libyan output, while Oman announced plans to boost output to almost 1 million barrels per day. US crude for delivery in April traded 0.12% […] Read more

Natural gas futures weekly recap, February 16 – February 20

February 22, 2015 9:28 am
Natural gas capped a second weekly advance as cold weather across the eastern, northern and parts of the central US spurred very high heating demand, paving the way for at least two heavy inventory withdrawals that would push stockpiles back below the five-year average. Natural gas for delivery in April slid 3.37% on Friday to […] Read more

Commodities trading outlook: gold futures dip, copper retreats on manufacturing data

February 20, 2015 10:46 am
Gold slipped on Friday, heading for a fourth weekly decline, amid expectations of a last-moment agreement between Greece and its creditors. Silver was little changed, while platinum and palladium slid. Copper declined following worse-than-expected manufacturing data from Europe. Comex gold for delivery in April lost 0.29% to $1 204.1 per troy ounce by 10:18 GMT, […] Read more