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Gold LBMA Spot:

Expect a tight range bound trade for the day. Either side breakout of $2060-2010 would suggest fresh short term directions.

Silver LBMA Spot:

Mild recovery upticks can be seen initially. A direct drop below $22 would trigger another round of liquidation pressure.

Crude Oil NYMEX:

Prices remain choppy initially. Anyhow major rallies expected only above $76.

Gold KG Apr:

Expect weak bias to continue while it stays below 62000.

Silver KG Mar:

Further selloffs expected only below Rs 70300. If unable to break the same would call for recovery rallies.

Crude Oil Feb:

If unable to move past 6350 expect corrective selling pressure for the day. Anyhow, stiff support is placed at 6150.

Natural Gas Feb:

Outlook remains on the weaker side. A direct break above Rs 165 could lift prices higher for the day.

Copper Feb:

Further selloffs seen only below Rs 705. Stiff resistance is placed at Rs 722.

Nickel Feb:

Expect choppy with thin volume trading in the near future.

Zinc Feb:

Weak bias likely to continue as long as the resistance of Rs 212 caps upside.

Lead Feb:

Expect choppy with negative bias trading as long as prices stay below Rs 181.

Aluminium Feb:

Mild recovery upticks can see initially. Further weakness is only below 199.

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