GOLD:- Last week it made the high of the 1246.00 & completed the five wave pattern. The 38.2 & 25% Fibonacci retracements of this 5 wave pattern from the 1155.6 to 1246 come at 1211.5 & 1223.40 respectively. At the same the inverted head & shoulder pattern's neckline at 1209 will be the target of pull back from the break out of the pattern. In dollar terms sell with the stop of 1245 for the target below 1223.In rupee terms sell at 18900 with the stop of 18975 for the target range of 18620-18700.

SILVER:-  Silver has risen stupendously last week from 17.735 to 19.340 in the form of five waves. We are expecting it correct to 18.90-19.72 range in the form of zigzag. In dollar terms we recommend selling short at 19.10 with the stop placed at 19.20 for the target of 18.90 & lower. In rupee terms sell at 30500 with the stop of 30600 for the target range of 30200-30100.

CRUDE:- It has completed the five wave pattern on downside from 82.97 to 70.76.This is being corrected by a zigzag on upside. We expect this zigzag to end in & around 76.00.We recommend selling short at 75.90 with the stop of 76.10 for the initial target of 72 & lower. In rupee terms we suggest selling short at 3590 with the stop of 3610 for the target of 3425 & lower.

NATURALGAS:- Natural gas has displayed more weakness than what we expected. It is  needless to say that our all targets have been surpassed on downside. We are expecting further weakness & more downside targets.However we are looking for a bounce in the range of 3910-3925 & then a wash out slide below 3500. Any bounce above 3900 should be short sold with the stop of 3935 for the targets below 3500.In rupee terms sell short at any bounce near to 182 with the stop of the 184.5 for the target of 164 & lower.

COPPER:- Copper has been rising with the weak momentum from 317.75 as 5th wave. However as a 5th wave it has to surpass the 341.05 to complete the 5th wave. We see it ending in the 345-348 zone. Sell short in the 344-347 range with the stop of 351 for the target of 330  or lower. In rupee terms sell in & around 357 with the stop of 362 for the target of 344.

LEAD:- Last week LEAD  met our all targets& bounce off. It is now heading for the target of 2300 & higher. For the coming week we expect it to surpass 2161 & head for 2250. We recommend going long at 2080 with the stop of 2050 for the target of 2161 & then 2250.

NICKEL:- Nickel has  met our all targets on downside last week & bounced off. Now it is headed for the 24000 area. However for the coming week we recommend buying at 21035 with the stop of 20850 for the targets of 22325 & 22900.

ZINC:- Zinc has met all our targets last week & bounced off.In our view it is headed for the 2400 area. For the coming week it is likely to cross the hurdles of 2155 & 2179.We recommend buying at 2085 with the stop of 2050 for the target around 2200.