Futures for natural gas decreased in European trade

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Source: Forexpros

Futures for natural gas declined in European trading session. On the NYMEX July delivery futures were traded at USD2.353 a MMbtu, tumbling 2.85%. USD2.353 is the likely level for support, whereas resistance is prone to be at USD2.610.

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Fri, 01 Jun 2012 17:34:11 GMT

Unexpectedly low Chicago PMI in May

The ISM reported that PMI for Chicago decreased from 56.2 to 52.7 in May. Whereas analysts had predicted that there would be a slight gain of 0.3. Chief market strategist from Worldwide Markets says that such weak statistics from U.S. can push other markets into stagnation.

Fri, 01 Jun 2012 17:12:09 GMT

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