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Commodities trading outlook: crude oil and natural gas futures

August 11, 2014 2:25 pm
WTI and Brent prices were higher during midday trade in Europe today, as investors weighed an armed conflict and a growing political confrontation in Iraq, OPECs second-top oil exporter. Meanwhile, natural gas prices fell below the $4 mark, as cooler weather over the US is expected. WTI for September delivery on the New York Mercantile […] Read more

Commodities trading outlook: gold, silver and copper futures

August 11, 2014 1:13 pm
Gold prices steadied during midday trade in Europe today, as investors weighed tensions and risks from the conflicts in Iraq and Ukraine. Meanwhile, copper futures were higher, supported by Chinese CPI. Gold futures for December delivery on the COMEX in New York traded at $1 309.6 per troy ounce at 13:13 GMT, down 0.11%. Prices […] Read more

Grains trading outlook: beans and wheat decline ahead of US crop report, corn higher

August 11, 2014 12:10 pm
Grains prices were mixed during midday trade in Europe today, as investors await the US weekly crop report. Wheat logged sizable gains last week, not least because of growing geopolitical tensions over Ukraine. Weather patterns called for a relatively favorable trend for the Midwest, with scattered showers and lower temperatures, but also dryness and the […] Read more

Natural gas trading outlook: futures hold above $4 ahead of cooler days for the US

August 11, 2014 9:51 am
Natural gas prices steadied above the psychological $4 resistance level during early trade in Europe today, despite weather patterns calling for below-average temperatures for many highly-populated areas of the US in the coming days. Natural gas for delivery in September traded at $4.005 per million British thermal units at 9:48 GMT in New York, up […] Read more

Natural gas futures weekly recap, August 4 – August 8

August 10, 2014 8:59 am
Natural gas jumped on Friday and marked its biggest weekly advance since February this week as weather forecasts called for warm weather returning to the eastern US, coupled with seasonal and above-seasonal temperatures to the West and South. However, expectations for cool blasts to keep readings lower than usual across the central and northern parts […] Read more

Gold futures weekly recap, August 4 – August 8

August 10, 2014 7:37 am
Gold prices climbed this week, as worldwide tensions stoked safe haven demand, with Iraq, Gaza and Ukraine again in the spotlight. US stocks and the dollar logged minor gains, while SPDR assets continued to drop. Gold futures for delivery in December dropped 0.11% on Friday, closing at $1 311.0 per troy ounce, about 1.4% up […] Read more