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BULLION

Gold

Converging MACD lines rule out the possibility of weakness. Steady trades above the 58700 may strengthen the prices. However, unexpected dip below the trend line support of 57800 may induce weakness in the counter.

Silver

Extended gains above 71200 may strengthen the prices further. Whereas, a dip below 70200 may induce weakness as well.

ENERGY

Crude Oil

Prices may appear firmer above 5890 region. Whereas, a dip below 5720 may induce weakness for the day.

Natural Gas

Range bound moves may be seen in the intraday. A dip below 223 region may induce mild weakness. Rebound may be seen if the same support level is not breached.

BASE METALS

Copper

MACD convergence suggest rather range bound move. Extended dip below 710 region may weaken the prices, while holding the same support may induce mild rebounds.

Nickel

Thin volume trades seen

Zinc

Rebound above 215.60 may strengthen the prices for the day. Weakness may be seen below 211.60 region.

Lead

Range bound trades may be seen. Rebound above 183.30 may strengthen the prices.

Aluminium

Range bound moves expected in the intraday. Mild weakness may be seen if prices dip below 194.20. Rebounds are possible if the same support level is held.

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