NYMEX Natural Gas gains 4.3%, putting it at the top of this list of commodities gainers.
Commodity markets are flat — Brent Crude Oil trades at $78 after losing 1.71%. Crude Oil drawing back 1.71% to $73.
Current market events are being influenced by ambiguous macro data as United States API Weekly Crude Oil Stock came out at -6.43 million, while a consensus of analysts was expecting -3.88 million.
Though yesterday was a flat session for markets, some commodities are managing to increase in value. Take a look at our top gainers.
NYMEX Natural Gas | +4.3% in mid-session
After ending the previous trading day at $5.47, Natural Gas went up to $5.73 only to drop back; still positive overall today, now trading at $5.7 per MMBtu.
CME Soybeans | Currently steady around $1,463.5
On a 4 day uptrend, Today's session might suggest a slow down — tentatively higher from an earlier low of $1,461.75, Soybeans is up to $1,463.5 per bushel today, adding $2, or 0.14%, to yesterday's closing price of $1,461.5.
CME Silver | +0.6% 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. After closing at $22.34 yesterday, Silver began today at $22.35 with significant bullish sentiment driving Silver's price action higher. So far today, price action has drawn out a distinct $22.25 to $22.55 range.