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April 12, 2016

Commodity market recovers, WTI gains ahead of Doha event, gold adds in price

Commodity market recovers, WTI gains ahead of Doha event, gold adds in price

Gold futures rose in US trading session on Monday.On the COMEX, division of the New York Mercantile Exchange, gold futures for delivery per troy ounce  rose 1.17% trading at a price of $ 1.258,30. Session highs was 1.260,50 USD per troy ounce. At the time of writing the material gold found support at $ 1.217,60 and resistance at 1.260,50 dollars.USD index showing the value of US dollar against a basket of six major currencies, was down 0.28% and trading at 93.96 USD.

As for other commodities traded on the COMEX, silver futures for May delivery rose 3.71%,  reaching US $ 15.955. per troy ounce, while copper futures with delivery in May rose 0.05% reaching the level $ 2,088. per pound.
WTI futures rose during the American session on Monday.

On the New York Mercantile Exchange WTI crude oil futures for May delivery traded at a price of $ 40.52/bbl rising 2.01% at the time of writing.The price peaked at  40,65 dollars/bbl. At the time of writing material WTI Oil found support at 36.43 and the resistance at 40.65 dollars.

As for other commodities traded on the ICE, Brent oil futures for delivery in June rose by 2.50%, reaching 42.99 dollars per barrel. The price difference between contracts for Brent and WTI crude oil was $2.47 per barrel. Natural gas futures were down during the US session on Monday. On the New York Mercantile Exchange, natural gas supply mmBtu for May delivery, fell 3.57% trading at a price of $1,919.The session low  was $1,908. Support  was found at $1,892 and resistance at 2,044 dollars.

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