Precious Metals are trading in green with Gold trading up by half a percent or 7.2 points at 1315.50 on CMX and Silver is up around a percent at 21.90 an ounce. The intraday bias remains negative for Gold and Silver and we expect prices to move lower in coming hours. An important support for Gold comes around 1300.0 and a break below that will clear short term bearishness in the metal. Crude Oil on NYM is trading near a crucial support of 106.65 at 107.0, down by 1.25%. An hourly close below the aforesaid support will turn near-term outlook bearish for Crude Oil. Natural Gas prices are at 3.67, - 0.08%; intraday view stands neutral on Natural Gas. Base metals prices are trading mixed on LME with Aluminum is trading at 1797.0, +2 points or 0.11% and Copper is trading up by 0.12% at the time of writing this. The bias remains negative on base metals.
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