GOLD:- On the expected line it took the support of 1075 level & bounced off swiftly to 1126.However it declined rapidly & made the new low of 1044.50.From there on it has unfolded the corrective rally & we see this not extending beyond 1085 & it will retest the 1044.50 level.

 
 

SILVER:- It made the low of 14.65 & bounced off. This bounce we do not see crossing the 15.50 & will reverse soon for downtrend. On the downside the immediate target we see is 13.50.

CRUDE:- It is moving down in a downward channel with the strong momentum. We are of the view that it will bounce to test the 74 level but would not be able to breach decisively & then start descending for the target of 65.

 
 

COPPER:- It made the low of 281 as expected  in accordance with the bearish view of last week. At the far end it has shown the sign of recovery & we are of the view that it will test the 314 once again.