Dear Viewers

It has been felt that rising energy and food price in Euro Jone should give break to rising  OIL and Copper for this week. Gold on the other hand which has selling pressure due to buyers bargaining as well as un season period might get some upper trend also for the reasons that inflation is again the case and US Dollar Index which is three month low can reverse some points up. In this scenario , rise of USD against rival six currencies and fall of stocks and , inflation issue might get support for Gold. If inflation didn\\\'t come in picture than Gold has  good support at $1160 and $1150. Current price of Gold to $1170 is the result of inflation issue again in Euro Zone

GOLD is trading in narrow zone might give boost in one Direction

 December gold futures closed up $3.00 at $1,164.80 today. Prices closed near mid-range today in quiet, consolidating trading following Tuesday\\\'s big sell off. Prices today did poke to another fresh three-month low. Serious near-term technical damage was inflicted Tuesday. Prices are in a six-week-old downtrend on the daily bar chart. However, there has been no significant longer-term technical damage seen on the weekly or monthly charts for gold futures. Bears\\\' next near-term downside price objective is closing prices below solid technical support at $1,150.00. Bulls\\\' next near-term upside technical objective is to produce a close above solid chart resistance at $1,200.00. First resistance is seen at today\\\'s high of $1,168.80 and then at $1,172.00. Support is seen at today\\\'s low of $1,159.30 and then at $1,155.00.

December silver futures closed down 9.7 cents at $17.585 an ounce today. Prices closed near mid-range today and did hit a fresh seven-week low. Bulls have faded and the bears now have the slight near-term technical advantage. Prices are in a six-week-old downtrend on the daily bar chart. The next downside price objective for the bears is closing prices below solid technical support at the June low of $17.335. Bulls\\\' next upside price objective is closing prices above solid technical resistance at last week\\\'s high of  $18.335 an ounce. First resistance is seen at today\\\'s high of $17.775 and then at $18.00. Next support is seen at today\\\'s low of $17.40 and then at $17.335.

December N.Y. copper closed up 445 points at 327.15 cents today. Prices closed nearer the session high today and hit a fresh 11-week high. Copper bulls have the overall near-term technical advantage and gained some fresh upside technical momentum today. Prices are in a seven- week-old uptrend on the daily bar chart. The next downside price objective for the bears is closing prices below solid technical support at 314.00 cents. Bulls\\\' next upside objective is pushing and closing prices above solid technical resistance at 340.00 cents. First resistance is seen at today\\\'s high of 328.50 cents and then at 330.00 cents. First support is seen at 325.00 cents and then at 322.50 cents. 

*. ENERGIES: September crude oil closed down $0.69 at $76.81 a barrel today. Prices closed near mid-range today and the bulls are fading a bit. Bulls and bears are on a level near-term technical playing field as the psychological resistance mark of $80.00 has turned away the bulls this week. The next near-term upside price objective for the bulls is producing a close above major psychological resistance at $80.00 a barrel. The next near-term downside price objective for the crude oil bears is to produce a close below solid technical support at $75.00. First resistance is seen at $77.50 and then at $78.00. First support is seen at today\\\'s low of $75.90 and then at $75.50.

September heating oil closed down 64 points at $2.0230 today. Prices closed near mid-range today. Bulls and bears are on a level near-term technical playing field. The bulls\\\' next upside price objective is closing prices above solid technical resistance at $2.1500. Bears\\\' next downside price objective is producing a close below solid technical support at $2.0000. First resistance lies at today\\\'s high of $2.0393 and then at $2.0500. First support is seen at today\\\'s low of $2.0045 and then at $1.9750.

September natural gas closed up 4.8 cents at $4.694 today. Prices closed nearer the session low today and did hit a fresh two-week high. The bears still have the overall near-term technical advantage, but the bulls are gaining some upside momentum. The next upside price objective for the bulls is closing prices above solid technical resistance at the July high of $4.945. The next downside price objective for the bears is closing prices below solid technical support at the July low of $4.29. First resistance is seen at $4.80 and then at today\\\'s high of $4.863. First support is seen at $4.60 and then at this week\\\'s low of $4.491.


FLY AND LAND Safely

Regards
DFT Support Team