Natural Gas gains 4.88%, putting it at the top of this list of commodities gainers.
Commodity markets are flat — Live Cattle up to $153.88, gaining 2.26%. Soybeans slipping 1.12% and closing at $1,388.75.
Current market events are being influenced by ambiguous macro data as United States Services PMI came out at 46.6, while a consensus of analysts was expecting 49.2.
Though Friday was a flat session for markets, some commodities are managing to increase in value. Take a look at our top gainers.
Cocoa | +1.17% in mid-session
While Cocoa in the midst of a 7 day downtrend Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $2,306, the Cocoa future went up to $2,348 only to drop back; still positive overall today, now trading at $2,333 per metric tonne.
Heating Oil | +2.55% in mid-session
Having added to its 7.55 cents increase during 3 days of gains, Today's session so far looks to be heading in the same direction — tentatively higher from an earlier low of $3.8, Heating Oil Futures is up to $3.93 per gallon today, adding 9.79 cents, or 2.55%, to Friday's closing price of $3.83.
NYMEX Gas | +4.88% in mid-session
NYMEX Natural Gas is now trading 48.77% below the significant high of $9.68 it set around 2 months ago.