Gold (1668) failed to rise past its Resistance at 1685 and has come off from its high of 1686.70 yesterday. The immediate outlook continues to be mixed and we will have to wait for a breakout on either side of the current 1600-85 sideways range.
Silver (32.06) is not gaining strength to extend its upmove strongly above 32. Resistance is seen at 33 and while below this Resistance we see chances of a fall to 30-29 once again.
Nymex Crude (84.95) has come off from its high of 86.64 following the news that the Slovakian government lost its confidence vote to pass the expansion plan of the
Euro Zone rescue fund. Strong Resistance is seen in 86.50-87.00 region and then near 89. A fresh fall to 80 or even lower is possible while the above mentione Resistances hold.
Copper (3.29) is facing good Resistance near 3.40 over the last couple of days and has come off from its high of 3.38 yesterday. A revisit of 3.00 is possible in the coming days while below 3.40.
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