Market Update

Crude and precious metals rallied in recent trade, while the dollar index only drifted lower.

In the energy space, May crude oil gained steam about an hour ago and rallied from just above the $102 level to a new session high of $103.50/barrel. In current trade, crude has pulled back, but just modestly and is now +0.4% a t$103.432/barrel.

Apr natural gas began to sell-off around 8am ET, which pulled nat gas into negative territory and down over 3% to a new session low of $2.07. The energy component has since erased more than half of its losses and is -0.9% at $2.11/MMBtu.

In metals, Apr gold and May silver rallied sharply in recent trade to new session highs (Gold $1679.90, Silver $33.07), only partially driven by the dollar index. The index is still in positive territory, but has been drifting lower for just over an hour now. In current trade, both precious metals remain near their session highs. Gold is +0.5% at $1678.10/oz and silver is +1.8% at $33.06/oz.DJ30 -2.65 NASDAQ +7.08 SP500 +2.87 NASDAQ Adv/Vol/Dec 1291/430 mln/1026 NYSE Adv/Vol/Dec 1841/160 mln/985

Market Update