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DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices dip as markets seek more clarity on Fed, SPR restocking

* Gold's new year rally cools at 7-month highs, more Fed cues awaited

* Tokyo CPI inflation rises more than expected to 40-year high in Dec

CHART OF THE DAY:

GOLD: GOLD showing strength in recent days but also facing resistance in upper range , however 55500 is an immediate support level and 56000 is immediate resistance level . While above 56000 lead further strength towards 56200-56300 zone

OUTLOOK:

* Bullion: Day trend is indicating to Sideways in Gold &Silver.

* Energy: Day trend is indicating Sideways in Crude oil & Natural gas

* Base metals: Day trend is indicating Uptrend in all base metals.

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