Despite the markets being mostly flat towards the end of today's trading session, Copper, Heating Oil, Palladium have end the day as top gainers.
Markets are mixed with Gold up to $1,852.8, gaining 0.67%. Brent Crude Oil trades sideways at $83.22.
+1.19%: Heating Oil Futures set for strong finish this afternoon; up 1.19% to $2.74 per gallon with a hour before close
Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Heating Oil got off to a strong start by gaining 3.23 cents (+1.19%), only to run out of steam later in the session around $2.78. Currently, NY Heating Oil is trading around the $2.74 per gallon level.
Palladium | +1.11%; session high: $1,538.5 session low: $1,480
This year has been a gloomy one for CME Palladium after trading as high as $3,149 and going on to lose 16.24% of its value.
CME Copper | +1.81%; session high: $4.2 session low: $4.1
Copper made its largest single-day jump of 7.45 cents (1.81%) since Jan 17 and is now trading at $4.18. This year has been a bright one for Copper after trading as low as $3.21 and going on to appreciate by 8.2% year to date.