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Platinum Market Update

Wednesday, 5 November 2014



January platinum PLF5, -0.88%  lost $2.70 to $1,22.50 an ounce, while December palladium PAZ4, -2.16%  shed $7.15, or 0.9%, to $783.50 an ounce.

High-grade copper for December delivery HGZ4, -0.84%  was flat at $3.02 a pound.

Gas Market Update


Natural gas for delivery in December NGZ14, +0.90%  bucked the trend, extended its winning streak for a sixth session. The commodity gained 8.3 cents, or 2%, to end at $4.1290 per million British thermal units, its highest settlement in five weeks.

Gasoline and Oil Market Update

Gasoline for December delivery RBZ4, -0.74% fell 4 cents, or 1.9%, to settle at $2.0780 a gallon on Nymex. That was gasoline’s lowest settlement since Oct. 25, 2010.

December heating oil HOZ4, -0.54%  lost 4.7 cents, or 1.9%, to finish at $2.4427 a gallon, its lowest settlement since Dec. 1, 2010.

IForex Signal Update


Todays Morning Forex Recommendation.
✔ Hit All Target

➜➜ Buy USD/JPY Above 113.64-TG:113.84/114.14 SL 113.34

Oil ends at 3-year low after Saudis cut selling prices for U.S.

Crude-oil prices finished Tuesday at their lowest in three years, struggling in the aftermath of Saudi Arabia’s decision to alter oil prices sold to U.S. and Asian buyers.

sweet crude futures for delivery in December CLZ4, -0.21%  fell $1.59, or 2%, to settle at $77. 19 a barrel on the New York Mercantile Exchange. That was the lowest settlement for a front-month contract since Oct. 4, 2011. Oil has ended lower for four straight sessions, down 6.1% over the period.

December Brent crude LCOZ4, -0.52% settled at a four-year low. The December contract fell $1.96, or 2.3%, to end at $82.82 a barrel on London’s ICE Futures exchange. That was the lowest settlement for Brent since Oct. 21, 2010. Brent has also closed lower for four sessions in a row, losing 5% during the period.