Aluminium moved completely in line with our projections. However, its uptrend is appearing a bit tired at current levels. The trend can weaken below $2545. Till this support level is sustained, Aluminium can be seen as positive.

Zinc traded sideways for the major part of last week. Coming weeks may witness range trading within a band of $2400 on the downside and $2600 on the upside.

Copper made a good upmove last week. However its important resistance of $9950 is yet to be decisively breached. We continue to maintain a wait and watch policy for the coming week as long as Copper exhibits sideways movement.

After breaching the resistance of $1420 Gold scaled to a high of $1440 last week. Its short term trend remains bullish and it can retest last weeks high of $1440 or may even scale higher in the coming week. A move below $1390 can damage the trend.

Silver continues to make newer highs for this year. It continues to exhibit strength and can attempt newer highs in the coming weeks. Upside targets to watch out is $35.00 and then $36.00.

Crude oil remains in the grip of a good uptrend and may continue with its advance in the coming week. Upside target to watch out is $105 or higher. Strong support exists at $95 below which its downward momentum will accelerate.