Thursday, 5 February 2015

Today Energy News in Commodity Market

Crude oil continues to be volatile. While had recommended a momentary call in the commodity on Wednesday, we clearly stated traders to avoid going long as inherent strength looked missing after the surprising over 15% gains in last few sessions wherein expectations over inventory data stood weaker.

Natural gas commodity traded weak in line with our expectations with NYMEX NG March active contract closing lower by 3.3% to $2.66 per MMBTU.
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