Commodity Market out look for 22nd Feb.

Commodity Market out look for 22nd Feb 

Gold (April) Up 29301 Trend is bullish but selling can not be ruled out due to FED Meeting of Interest Rate announcement. 

Silver (March) Up 42836 Resistance 43000-43500 … support 42200 continue , Till not break and closed below 42000, short term up side. 

Crude(March) Up 3668 We are bullish above 3600 mark.  Yesterday OI stand 10236 and long added 2164 contracts. 

Copper(Feb) Up 40405 Reversal from 400   - major resistance ahead, crossover entered in new zone.  Total OI stand 11968 and some short covering resulted reduce 962 contracts. 

Natural Gas(Feb) Down 172.50 NO RESPITE AND SELLING PRESSURE CONTINUE. TOTAL OI STAND 11607 AND SHORT ADDED BY WAY OF 1174 CONTRACTS 

Aluminum(FEB) Up 1126 Trend is positive as remain above 122. Resistance 128 watch out. Short covering seen/

Lead (FEB) Up 154.80 155-156 continue resistance zone and support 150.  Wait for these range break out in either side.

Zinc (FEB) Up 193 Reversal from support level 185  +   resistance 196 . Some long added in yesterday trade by way of added 738 contract in long side 

Nickel (FEB) Side

Way 721.50 Big sell off on yesterday and holding resistance level 750 mark. Holding still trading range.  Yesterday OI stand 13286 and reduced contract 1477.

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