Commodity Opening Bell 

Bullion - Opens on positive Note Gold -29700-29720 Silver -39830-39880 

Energy - Opens on positive Note Crude Oil -2995-3000 Natural Gas -190-190.30 

Base Metals - Opens on positive Note Copper -432.50-433 Nickel -748-749 Lead -147.60-147.90 Zinc - 198.10-198.50 Aluminium -131.90-132

COMMODITY MARKET NEWS

Gold prices rose strongly in the last session after prices recovered in the previous week from a sharp correction. Prices have broken out its short term declining trend line resistance in the last session. Prices are expected to rise further from these levels towards next strong resistances placed around its previous multiple highs at 29585 and 29785 levels. On the lower side strong supports are placed around 29350 and 29170 levels.

Crude Oil prices have fallen shaprly in the last session after prices gave a breakdown from its short term rising trend line support. Prices have also broken below its previous swing low of 2981 and are expected to fall further from these levels towards next strong supports placed around 2930 and 2830 levels. On the higher side immediate resistances are placed around 3025 and 3075 levels. Selling on rise is recommended for the short term trading opportunities.