Precious Metals are trading sharply lower with Gold trading at 1146.60 an ounce. The support of 1150.00 has been breached and the outlook is bearish on Gold. Silver is also performing in the same manner with the next support level is seen at 14.70 an ounce. Base metals are negative on LME with Copper trading at 6575.00, lower more than a percent along with all other metals. Lead is the worst performer to record the maximum decline, by 1.80% as we write this. On NYM, Crude Oil and Natural Gas are trading mixed with Crude Oil trading 76.77 per barrel and Natural gas is at 4.18, +1.40, at the time of writing this. Bias for Crude Oil is negative and we expect prices to ease lower in coming days.