METALS: February gold futures were down $2.60 an ounce at $1,195.20 in afternoon trading today. Prices were near mid-range. The market saw a corrective pullback today amid some more volatile intra-day trading. First resistance is at 1200. Second resistance is at 1215. First support is at 1172. Second support is at 1160.
March silver futures were up $0.165 at $16.38 in afternoon trading today. Prices were near mid-range and did hit a three-week high early on today. The silver bears still have the overall near-term technical advantage. First resistance is at 16.30 second resistance is at 16.50. First support is at 15.90. Second support is at 15.75.
Source:RSBL