The Palladium future gains 2.9%, putting it at the top of this list of commodities gainers.
Commodity markets are flat — Brent Crude Oil trades at $79.4 after losing 3.29%. Crude Oil slipping 3.34% and closing at $74.36.
Current market events are being influenced by ambiguous macro data as United States Manufacturing PMI released yesterday at 14:45 UTC with a figure of 46.2, while the previous figure was 47.7.
After five days of declines, US Natural Gas is up 7.6 cents today
Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Currently trading at $4.08 per MMBtu, NYMEX Gas remains range-bound between $3.9 and $4.12.
+1.36%: Softs in focus as bullish Cocoa posts 1.36% gain
Todays session shows some improvement: CME Cocoa posts light gains on a low-volatility day, ranging between $2,566 – $2,614 and is now at $2,607 per metric tonne.
+2.9%: commodity traders stay bullish as Palladium adds $49 or 2.9%
After closing the previous trading day at $1,693, the Palladium future tested the upside around $1,747.5 today before settling back around $1,742 per troy ounce as bullish sentiment faded.