4 January 2014


During the evening session, there are no major economic data pertaining to base metals and, we expect the metals pack to trade lower and recommend selling in select base metals like copper, nickel and zinc. , both gold and silver are trading up by 0.4% each at $1230 and $20 respectively at the Comex platform. WTI
crude is trading marginally lower after witnessing a steep fall of 3% in the yesterdays trading session. In the evening session Bullion is trading marginally in the green, with gold and silver prices for the most active contract at the Comex rising by 0.4% each to $1230 and $20 per ounce respectively. Due to a lack of any major economic cues and today being Friday, the markets may see lower participation, which is likely to cap any broad gains in the commodity. However, the overall bullishness in the complex after the strong performance in yesterday’s trade is continuing and, we feel that traders can look for initiating longs for small targets in the evening session.

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