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News in headline:

*Oil prices extend gains as Texas cold snap cuts U.S. output

*Gold Driven to Two-Month Low as Haven Assets Fall Out of Favor

*Oil Extends Gain With U.S. Crisis Slamming Nation’s Crude Output

Chart of the day

On the daily chart COPPER is making resistance but showing uptrend but once it gets break than good volume of buying can be seen so one can go long in it above the resistance.

Technical View

* Bullion: Day trend is indicating bearish move in the Gold and Silver.

*Energy: Day trend is indicating upside sideways in Crude oil and Natural Gas.

* Base metals: Day trend in base metal is indicating mixed move.

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