Gold trading range for the day is 28041-28669.
Gold climbed as $ weakened after ECB President confirmed reports that Greece had finally agreed on package of austerity measures
South Africa’s gold output fell by 8.2 percent in volume in December
SPDR gold trust holdings gained by 1.21 tonnes to 1278.34 tonnes.
Gold is trading above 50DMA, which is at 28008, now intraday gold is holding support at 28041 and resistance at 28669.
Silver trading range for the day is 56351-58137.
Silver edged higher on buoyed by a euro strengthened by hopes Greece was moving closer to a bailout deal
Also support seen from basemetal and crude as Greek political leaders have agreed on all points of a bailout package
Holdings at ishares silver trust gained by 36.27 tonnes to 9700.53 tonnes.
Silver is trading above 50DMA, which is at 53971, with intraday support seen at 56351 and resistance at 58137.
Crude trading range for the day is 4855-4997.
Oil’s rally was sparked by Greek officials reached an agreement on austerity measures for bailout package.
Over the weekend, Iran restated its threat to halt oil exports prior to the European embargo on July 1.
Additional worries about Israel launching an attack against Iranian nuclear installations increased the session’s tension
Crude is holding with a support at 4855 and resistance will be likely at 4997.
Copper trading range for the day is 420.2-441.6.
Copper yesterday traded with the positive node as support seen Greece’s political leaders finally reached an agreement
LME copper prices gained momentum and jumped to USD 8,700/mt from USD 8,600/mt before finally ending at recent high of USD 8,740/mt
Copper daily stocks at Shanghai exchange came up by 5401 tonnes
Warehouse stock for Copper at LME was at 313600mt that is down by -2750mt.
Zinc trading range for the day is 103.07-107.67.
Zinc gained as support seen from the major Greek political parties reached an agreement to cut spending and salary
Greek political parties reached an agreement to cut spending and salary, causing market concerns to ease
Zinc daily stocks at Shanghai exchange came up by 731 tonnes
Warehouse stock for Zinc at LME was at 838450mt that is down by -1375mt.
Nickel trading range for the day is 1040.97-1089.
Nickel jumped as the Greek debt talk reported certain progress, boosting nickel prices
Greek debt crisis which haunted market for quite a long time finally shed a light, boosting risk appetite in the market
Greek Premier Papademos announced that Greek leaders accepted all provisions for the bailout plan
Warehouse stock for Nickel at LME was at 94308mt that is up by 138mt.
Nat.Gas trading range for the day is 115.33-131.73.
Natural gas settled flat after a report from the US EIA showed that natural gas inventories declined less-than-expected.
EIA said that natural gas storage fell by 78bcf, after declining by 132bcf in the preceding week.
Nat.gas prices got support as weather service provider Weather.com said mild winter temperatures.
Natural Gas is holding with a support at 115.33 and resistance will be likely at 131.73.
Aluminium trading range for the day is 109.08-113.48.
Aluminium settled 1.68% up at 111.75 to levels unseen in nearly five-months, rallying with the euro as the dollar slid
Chinese aluminium prices are likely to rise as demand picks up with fabricators resuming business
Aluminium daily stocks at Shanghai exchange came up by 781 tonnes
Warehouse stock for Aluminium at LME was at 5027475mt that is down by -3775mt.
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