Nickel prices fluctuated in 915-930 as economic condition in the euro zone triggered risk aversion sentiment.
S&P’s kept France's AAA credit outlook unchanged lending certain relief to investors.
LME nickel prices rebounded and closed above USD18,000/mt, suggesting certain support at USD 18,000/mt.
Natural Gas trading range is 182.2-190.
Natural gas ended with some gains after an up-and-down session, whipsawed by further evidence of a supply glut
U.S. Energy Information Administration reported stored inventories grew by 37 billion cubic feet
Latest DOE report shows another large inventory build, contributing to supply glut
Aluminium trading range is 105.9-108.9.
Aluminium outperformed despite of weak overseas demand narrowed China’s trade surplus in October.
The Italian debt issue was continuously weighing on global markets.
Standard & Poor’s denied rumors that France’s debt rating would be cut, which helped lift up investors’ confidence.
Copper trading range is 368.9-387.9.
Copper settled down as a debt crisis in Italy heightened fears about the knock-on effect on global economy
Italy's borrowing costs near unsustainable levels
Europe's third-largest economy, is near unsustainable levels and the bloc is unable to afford a bailout.
Zinc trading range is 93.4-98.3.
Zinc drop almost 1.60% as investors were worried that Italy's political situation and economic turmoil.
Market focus remained on the European debt crisis as investors were worried that Italy's political situation.
ECB was buying Italian bonds to cut the country's borrowing cost, helping the Euro rally from the lows.
Crude trading range is 4819-5013.
Crude gained as weak dollar and an unexpected drop in oil stocks outweighed concerns about euro crisis
Signs of robust demand in U.S. and China was enough to temporarily dim concerns about European crisis
China imported 20.80 million tonnes or 4.9 million barrels per day of crude oil in October
Silver trading range is 54923-58647.
Silver fell as much as 1% as growing fears over the stability of Italy and the euro zone sank riskier assets.
Italian bond yields stabilised just below 7% after the country passed an early test of its ability to fund itself.
Overall the volume was slow and people were hoping for prices to further fall so that they could buy
Gold trading range is 28221-29165.
Gold fell as investors viewed the ongoing tension in Europe's financial system as an opportunity to cash out
South Africa's gold output fell by 9.0 percent in volume in September
Spdr gold trust holdings rose by 1.52 tonnes to 1268.67 tonnes.
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