Commodity Market Update (Copper perf)

Precious Metals are trading in a range with positive bias, Gold at international exchange is at $1620 an ounce up by 0.30% since morning while Silver is trading at $27.58, higher by half a percent from its yesterday’s settlement, prices are trading well above its support level and are likely to trade higher in the coming days. Gold is expected to hit $1650 while Silver may test its resistance around $29. Crude Oil prices are also likely to trade higher with a target of $93, on other hand Natural Gas may post some corrective movement from the current level. Base Metals are likely to trade mixed, as the metals traders waiting for some clear signal regarding the health of major economies.