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Guar yesterday we have seen that market has dipped by more than 1.05% and closed lower, weighed by dull

Nickel yesterday traded with the negative node and settled -1.37% down at 1076.9, LME nickel prices fell to test USD 23,700/mt Trading volumes were thin before the Charismas eve, and nickel fundamentals were poor at present. China's imports of nickel ore hit new high, up by 81.84% YoY and up by

Zinc yesterday we have seen that market has moved -1.26%, zinc prices dipped as large number of long positions liquidate in the market after profit-taking, and market sentiment was depressed. LME zinc prices overnight down USD 2/mt and closed at USD 2,302/mt since investors left the market after profit-taking as Christmas holiday nears. Market has opened at 104.3 & made a low of 102.95 versus the day high of 104.5. The total volume for the day was at 16839 lots and the open interest was at 8285. Now support for the zinc is seen at 102.8 and below could see a test of 102.1. Resistance is now likely to be seen at 104.4, a move above could see prices testing 105.2.

Copper prices slipped back to 425.60 after having surged to record highs during the course of the

Crude oil yesterday jumped by almost 1% and above that above USD 91 a barrel to its highest price in more than two years, as OPEC member Libya's apparent lack of concern over prices prompted, Ultra-cold weather stoking demand and depleting US stockpiles also supported prices. Now technically market is trading in the range as RSI for 18days is currently indicating 69.41, where as 50DMA is at 3946.28 and crude is trading above the same and getting support at 4107 and below could see a test of 4072 level, And resistance is now likely to be seen at 4167, a move above could see prices testing
4192.

Trading Ideas:

Silver slipped from the opening session from 44401 and eventually trading down to a low of 44011 holding support at 44000 marks. The metal later climbed reaching an intraday high of 44450 breaking the morning high on short covering. Range trading for the remainder of the session took us to a close of 44439. Silver technical support and resistance points lie at 44000 and 44670. The Gold and silver ratio looks poised to drop to the 2006 low of