Aluminium prices slipped early last week and then lingered in a trading range for the remaining part. Coming week can see sideways movement with a positive bias. $2600 will be a good resistance on the upside.

Zinc took a U turn after advancing near our projected price of $2600. It has declined in line with other base metals. $2400 remains a strong support below which it can go down further to $2350 level.

Copper slid further last week and made a low closer to its strong support zone around $9250. Only a move above $9950 will confirm a trend change. Weakness will increase if the level of $9200 is breached decisively. We suggest a wait and watch approach till important levels gets breached.

Gold made an upmove closer to our anticipated levels to $1420. Coming week can witness a two directional move. Upside resistance will continue to come around the resistance zone of $1420. On the downside, $1390 is a strong short term support below which it can come closer to $1365.

Silver also showed strength as per expected lines and made a high around $34. In the coming week, it may retrace closer to its support levels post which its uptrend is likely to resume.

Crude oil attempted a spike and made a high closer to $103 after a breakout above $93. It is consolidating since. Downside support is around $95 - $93 level while on the upside $105 remains the likey target.