[BRIEFING.COM] The US Dollar Index has been trading in negative territory all session so far, which hasn't provided price support to select commodities in earlier trade. Despite the weakness in the dollar index, commodities including crude, natural gas, gold and silver spent all or part of its session in negative territory. In recent action, however, select commodities rallied, which was partially due to a move lower in the dollar index.
After trading in the red all session, July crude oil rallied 2.6% off of lows of $69.00 per barrel hit an hour ago and pushed back to the flat line. Currently, crude is trading 1.1% lower at $69.97 per barrel.
June natural gas was chopping around just below the unchanged line in today's session. The energy component recent rallied into positive territory for the second time in today's session, hitting highs in the recent move of $4.18 per MMBtu. Natural gas is holding most of those gains and is currently 0.9% higher at $4.14 per MMBtu.
June gold continues to trade in negative territory in today's session and is currently 0.9% lower at $1178.00 per ounce. July silver has chopped around the unchanged line for most of today's session, but is currently 0.7% lower at $17.59 per ounce.
