OUT LOOK

February gold closed lower on Tuesday as it consolidates some of Monday's rally but remains above the 20-day moving
average crossing at 806.70. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI
remain neutral to bullish hinting that a double bottom with November's low appears to be forming. Monday's close above the
reaction high crossing at 813.00 confirms that a short-term low has been posted while opening the door for a possible test of the
reaction high crossing at 844.20 later this month. Closes below November's low crossing at 780.40 would renew the decline off
last month's high while opening the door for a larger-degree decline into the end of the year. First resistance is today's high
crossing at 819.30 then the reaction high crossing at 844.20. First support is last Thursday's low crossing at 790.90 then last
Monday's low crossing at 783.00.

March silver closed lower on Tuesday as it consolidated some of Monday's rally but remains above the 20-day moving average
crossing at 14.633. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI
remain bullish signaling that sideways to higher prices are possible near-term. If March extends this month's rally, the reaction
high crossing at 15.220 is the next upside target. First resistance is today's high crossing at 14.975 then the reaction high
crossing at 15.220. First support is Monday's low crossing at 14.500 then last Thursday's low crossing at 14.125.

January crude oil closed higher on Tuesday as it extends last week's trading range but closed above the 10-day moving average
crossing at 89.22. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are
turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 92.39
are needed to confirm that a short-term low has been posted. If January extends the decline off November's high, the 50%
retracement level of this fall's rally crossing at .8374 is the next downside target. First resistance is last Thursday's high
crossing at 90.73. Second resistance is the 25% retracement level crossing at 91.51. First support is the 38% retracement level
crossing at 87.41 then last Thursday's low crossing at .85.82.

anuary Henry natural gas closed higher on Tuesday as it consolidated some of Monday's decline. The mid-range close sets the
stage for a steady opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that
sideways to lower prices are possible near-term. If January extends the decline off November's high, weekly support crossing at
6.801 is the next downside target. Closes above the 20-day moving average crossing at 7.628 would confirm that a short-term
low has been posted. First resistance is the 10-day moving average crossing at 7.239 then the 20-day moving average crossing
at 7.628. First support is Monday's low crossing at 6.950 then weekly support crossing at 6.801.