IGI Logo

BULLION

GOLD

Intraday buying may extend higher as long as prices stay above the support level of 47760 region. But a direct fall below the same may grab prices lower.

SILVER

Broad feebleness still intact and possibly to continue in the session to come if prices stay below the upside obstacle of 64700 region. But solid trades above the same may be a sign of fresh recovery move.

ENERGY

CRUDEOIL

Progressing selling sentiments may strengthen in the upcoming session if prices remain below the 5640 region. But a vertical rise which claim above the same may induce fresh recovery move.

NATURAL GAS

Prices still have room for further price recovery. In this positive outlook, a surprise fall which claim below 379 may be a sign of weakness.

BASE METALS

COPPER

Present bearish sentiments largely to reach out in the upcoming trading session. But retreating trades above 739 may be a sign of fresh recovery move.

NICKEL

Prices have been approaching towards the downside hurdle of 1532 region. Which if breaks could extend weakness. Else hold the same for a price recovery in the later session.

ZINC

As long as prices remain below the Bollinger middle band level of 273.40 could expect further weakness in the upcoming session. On the flipside, intraday recovery may be seen only above the aforementioned region.

LEAD

Witnessing selling momentum largely to stretch lower in the session to come. But recovery trades above 185.20 would be a sign of fresh recovery move

ALUMINIUM

Witnessing corrective move may extend only by tangible trades below the internal trendline support of 212 region. Which if remain undisturbed could boost prices higher.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer