As per Nirmal Bang securities guest on CNBC , following are the views
Natural gas
Monday & Tuesday to be more colder in US due to storm. hence prices are expected to rise but caution as the upside will be limited. But since the Feb contract is on the expiry one can initiate
Buy Mar NG at 320 with 312 target 330 ( 1-2 days view )
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Crude Oil
We can see a good drop in crude oil this week
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BULLIONS
Gold
Chinese data has come weak which shows that china may face slowdown. Hence the bullion gold prices are on high , also buying is seen in Gold ETF, morover the wedding season is on the go in india. So one should is avoid selling in bullions at this stage.Gold internationally can go to 1340$ max , but then we can see the pressure . So this week gold level range is 30200 upside and 29850 lower side.
Silver
Again silver not much upside is expected . Prices can go max to 47850 - 47900. Max rise to 48250
Source : CNBC AWAAZ
Natural gas
Monday & Tuesday to be more colder in US due to storm. hence prices are expected to rise but caution as the upside will be limited. But since the Feb contract is on the expiry one can initiate
Buy Mar NG at 320 with 312 target 330 ( 1-2 days view )
-------------------------------------------------------------------------------------------------------
Crude Oil
We can see a good drop in crude oil this week
-------------------------------------------------------------------------------------------------------
BULLIONS
Gold
Chinese data has come weak which shows that china may face slowdown. Hence the bullion gold prices are on high , also buying is seen in Gold ETF, morover the wedding season is on the go in india. So one should is avoid selling in bullions at this stage.Gold internationally can go to 1340$ max , but then we can see the pressure . So this week gold level range is 30200 upside and 29850 lower side.
Silver
Again silver not much upside is expected . Prices can go max to 47850 - 47900. Max rise to 48250
Source : CNBC AWAAZ
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