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Technical Commentary

Gold

Choppy with mild positive bias can be seen if it remain hold the support of $1745. Anyhow, immediate resistance is seen at $1800.

Silver

Consistent trades above $23.60 would extend positive outlook for the day. An unexpected drop below $22.20 would trigger liquidation pressure.

Crude Oil

Though bullish outlook remain intact, a direct drop below $79.50 is an early sign of corrective selling.

Technical Commentary

Gold KG

As long as prices stays above 46200 there are chances of continuation of upticks. Else, expect corrective selling.

Silver KG

Consistent trades above 63500 would extend positive bias. A close below 62400 is a sign of weakness.

Crude Oil

Initial bias likely to be choppy with negative but there are potential upsides still on cards as long as the support of 5980 remain undisturbed.

Natural Gas

Selloffs would continue if prices are unable to move past 418. Major support is seen at 348.

Copper

Break above 812 is needed to continue rallies. Else, there are chances of choppy with corrective selling pressure for the day.

Nickel

Intraday bias remain on the positive side if 1500 restrict further selling pressure.

Zinc

A direct break below 290 would continue weakness. Else, it may continue rallies.

Lead

Inability to move past 192 there are chances of corrective selling pressure. Consistent trades above 195 is a sign of another bullish rally.

Aluminium

Corrective selloffs are likely as long as 252 remains caps the upside. Further rallies are seen only a close above 256.

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