Precious Metals are trading marginally higher today and with a positive tone which is likely to extend into the second half of today’s session. Gold may move higher today to test levels above $1600 while Silver may target $28.0-$28.25 in intraday. Base Metals on LME are trading in red and we may see prices move higher later into the evening today, Copper prices are trading within a range and we may see strong upsides once prices break above this level. Energy prices are mixed today with Oil trading lower by 0.50% while Natural Gas is higher by half a percent, Oil prices face strong resistance at $86.0 and above it our bias would turn positive and we may see prices rally towards $88.50-$89.00. Gas prices are slightly higher due to short covering and may trade lower in the evening.

No economic releases for today.