NYMEX Gas is slightly down 1.52% and stands on top of this list of commodities gainers.
Markets are currently flat. Brent Crude Oil drawing back 1.59% to $91.66. Crude Oil slipping 1.27% and closing at $84.42.
Current market events are being influenced by ambiguous macro data as United States CFTC Gold speculative net positions released yesterday at 19:30 UTC with a figure of 82,300, while the previous figure was 64599.99999999999.
Though yesterday was a flat session for markets, some commodities are managing to increase in value. Take a look at our top gainers.
The Cotton future | +0.92% in mid-session
While in the midst of a 3 day downtrend Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Cotton is rallying again to $84.39 per pound (up 77 cents), after erasing earlier gains.
US Natural Gas | +1.52% in mid-session
Finally showing signs of life after 3 days of trading sideways, Todays session shows some improvement: after closing at $5.93 yesterday, NYMEX Gas began today at $6.07 with significant bullish sentiment driving NYMEX Gas's price action higher. So far today, price action has drawn out a distinct $6 to $6.2 range.
The Palladium future | +0.56% in mid-session
The Palladium future displays further gains following a recent trend of 5 days and $199.3. Today's session so far looks to be heading in the same direction — Palladium goes up to $2,067.5 per troy ounce after dipping down to $2,018 earlier.