GOLD:- Gold has established two bottoms at 1315.60 & 1318.60 & bounced off sharply. This clearly establishes that a new impulse wave has began from 1315.60 & eventually will head for new high. For the coming week we see it facing resistance at 1388.60 to correct & consolidate before further up move. We recommend buy at 1360 with the stop of 1350 for the target in the range of 1385-1395.In rupee terms buy Dec MCX future at 19800 with the stop of 19720 for the target in & around 20000.

SILVER:-  Silver  has formed the three successive higher bottoms at 22.840,23.165 & 23.350.This  establishes the clear uptrend. In our view recent trend should  terminate in the range of 26.60-27.30.However for the coming  week we recommend long position at 24.70 with the stop of 24.35 for the target of 25.70.In rupee terms we recommend long position in Dec MCX future at 37100 with the stop of 36800 for the target of 38000-38100.

CRUDE:- Crude moved sideways & consolidated to form the pennant. This is a bullish structure & has the break out point at 82.40. In our view 87.08 is the target of this move. However for the coming week we recommend long position at 81.45 with the stop of 80.50 for the target of 84.60 & then 87.10.In rupee terms we recommend buy at 3630 with the stop of 3590 for the target of 3760 & then 3850.

NATURALGAS:- Natural gas has shown a sudden u-turn by gap up opening on Wednesday. We see  strong resistance at 4145 & expect some consolidation as well as correction. Hence buying should be either done at a decline or on the crossover of 4145 resistance for the target of 4680.We recommend buy on any decline to 3900 with the stop of 3800 for the target of  4680.In rupee terms buy  Nov. MCX future at 185 with the stop of 182 for the target of 202.

COPPER:-Copper has terminated a wave pattern at 390 & it should ideally correct to 362 level & may be to 354. We recommend selling short at 373 with the stop of 378 for the target of 362 & then to 354.In rupee terms sell at 369 with the stop of 373 for the target of 357 & 352 in Nov. MCX future.

LEAD:-  Last week it reacted sharply from the top of 2619 to 2403 & reversed swiftly. We expect that it should make one more high above 2619 somewhere near to 2710 to terminate the large wave pattern. We recommend long position at 2449 with the stop of 2400 for the target of 2700 & above.In rupee terms buy NOV.MCX future at 108 with the stop of 106 for the target of 118 in next two weeks.

NICKEL:- Nickel  has been declining for last 17 days from the top of 25200 to 22661 till last Friday. However on last day of working it has formed the inverted hammer indicating the termination of the downtrend & inception of the upward trend. We recommend buying long at 22990 with the stop of 22660 for the target of 24000.In rupee terms buy at 1037 with the stop of 1027 for the target of 1074 at NOV MCX future.

ZINC:-  Last week it declined sharply from the 2638 to 2380 & completed down ward correction. We expect one more up wave to 2736-2880 range & therefore recommend to go long at 2423 with the stop of 2375 for the target above 2736.In rupee terms buy NOV.MCX FUTURE at 108 with the stop of 106 for the target of 118 in next two weeks.