COMMODITY MARKET LEVELS & FUNDAMENTAL REPORT UPDATE 12 JULY 2017.


Opens on positive Note Gold -27900-27910 Silver -36980-37030 

Energy - Opens on mixed Note Crude Oil - 2950-2960 Natural Gas -196.60-196.30 

Base Metals - Opens on positive Note Copper -384.-384.50 Nickel -595-596 Lead -149-149.20 Zinc - 182.50-183 Aluminium -122.40-122.50




Precious metals are trading higher on COMEX today. We expect prices to trade higher for the day as market awaited testimony from U.S. Federal Reserve Chair Janet Yellen and central bank officials expressed caution about further interest rate hikes.

Industrial metals are trading higher on International bourses today. We expect prices to trade range bound for the day, amid a weaker U.S. dollar and signs that global supply was leveling off after rising sharply in June.

Crude oil is trading higher on NYMEX today. We expect prices to trade range bound for the day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged.

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