SILVER:- Last week it followed the less probable bearish route against our expectation of bearish route to mark the high of the week at 37.86 & reversed swiftly. For the coming week we foresee highly volatile , initially bearish(32.50) & then bullish. We recommend going  short around  36.80 with the stop of 37.40 for the initial target of 34.50 & then stretched target of 32.50.In rupee terms sell short around 54700 with 55200 as stop for the  initial target of 51600 & then stretched target of 48900 in JULY 2011 MCX FUTURE.

CRUDE:-Last week  it  followed the less probable trajectory &  made the high of   102.44 & swiftly declined to 99 levels..We see resistance at 99.50-100.00.In our view it should decline 95-96 & find the support & breach of 95.50 will lead to 86-88 zone. We recommend going short above 99.25 with the stop of 100.00 for the target of 95.50-96 & 88.00.In rupee terms sell at 4450 with the stop of 4480 for the initial target of 4340 & then 4225 & 3940 in JUNE 2011 MCX FUTURE.

NATURALGAS:- Last week it made the high of off viciously to 4651.We do see some consolidation during the initial part of the week, with our bullish bias looking it to head for 5120-5160 as normal case & 5380-5440 as stretched case. We recommend going   long around 4750  with the  stop of 4650 for the target of 5120-5160 & 5380-5440 if stretches further. In rupee terms buy around 212.00 with the stop of 208 for the target of  227 & above in JUNE 2011 MCX FUTURE.

COPPER:- Copper made the high of 417 against our estimate of 419-417& declined to mark the low at 402.00. In the process it has formed the descending triangle with the base at 402.In  our view it has resistance at 412-410. Downside we are looking for the support at 388-386 &  as stretched case 375-373.We recommend going  short at 408 with the stop of 412 for the initial target of 387 & 374. In rupee terms go short above 405  with the stop of 409 for the target of  390 & lower in JUNE 2011 MCXX FUTURE.