Thursday, 23 April 2015

Commodity Market Crude Oil and Natural Gas

Crude oil was expected to record good amount of volatility while we advised selling for most of Asian and European session and that worked fine as per the view. 

June month contract at ICE platform added to $62.75 up by 1.1% whereas same months expiry crude slipped 0.8% to $56.15 per barrel. 

Natural gas continued with the volatile trade while added moderate weight for another day rising to $2.60 per MMBTU mark

We had a ranged view in the commodity yesterday as markets continue to weigh lower demand from retail and commercial consumers while anticipation of increasing usage from power sector and utilities support the commodity.

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