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Gold trading range is 27318-27690.Gold prices traded in tight range as china market was closed on account of lunar new year making gold to settled flat. Greece is negotiating restructuring terms with its private lenders, a requirement imposed on the country  Holdings of the SPDR Gold Trust, slipped about 0.41 percent to 1250.23 tonnes.

Crude trading range is 4902-5088.Crude jumped after the EU made good on plans to ban imported oil from Iran. Iran has threatened to block the Strait of Hormuz if the sanctions impede the sale of Iranian oil. Hedge funds reduced their bullish bets on oil for the first time in four weeks according to the CFTC's CoT's report on January 20.

Copper trading range is 412.1-427.6.Copper gained as the euro rose against the dollar on signs Greece may be close to a deal to restructure its debt. Italian government bond yields fell, with traders citing ECB buying of short-dated Italian bonds in secondary market. French FM said euro zone economy was showing signs of stabilisation and that deal with private sector investors about resolving Greece's debt crisis.

Zinc trading range is 99.7-103.7. Zinc gained as support seen from the news that china is also eyed as the most likely source for curtailments in zinc. Chinese zinc miners have continued to churn out material, although they have refrained from selling all their concentrates .Euro zone finance ministers have rejected an offer made by private bondholders to help restructure Greece's debts.

Nickel trading range is 998.7-1048.3. Nickel yesterday traded with the negative node as profit booking seen but overall sentiments remain firm. Sentiments remains firm as euro rose against the dollar on signs Greece may be close to a deal to restructure its debt. The euro rose on tentative optimism that Greece will cut a deal with its creditors on a debt swap.

Menthaoil trading range is 1468.8-1548. Menthaoil spot is at 1588/-.Spot market is down by Rs.9/-. Menthaoil dropped on profit booking after prices gained on the back of industrial demand and tight supplies . Restricted arrivals from the growing belts of Chandausi in Uttar Pradesh also supported the prices. On 21st January total stock of mentha oil at mcx tips warehouses at Chandausi was 60,773 kg.

Soyabean trading range is 2516-2559. Soybean gained on good demand in spot market and a rise in U.S. soybean prices.U.S. weekly soybean exports surged to a three-month high, topping trade expectations. China's soybean imports in December were down 0.2% on year to 5.42 million metric tones. At the Indore spot market in top producer MP, soybean gained 20 Rs to 2464Re per 100 kgs.