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BULLION

GOLD

Prices yet to take off above the upside hindrance of 50750 region to persist present recovery. Failed to activate such move may bid further weakness.

SILVER

Present price recovery move likely to stretch higher towards the upside objective of 54800 or even higher. But a corrective dip below 53600 may dent our buying expectation.

CRUDEOIL

Intraday move largely to be south bound if prices stay below 7240 region. Although determined trades above the same may bid fresh buying in the session ahead.

NATURAL GAS

Present recovery move less likely to sustain unless prices claimed above 734 region and such weakening trades may push prices to 690 region.

BASE METALS

Copper

A major price rally may be seen only by solid trades above 644 region. Inability to close above the same may eventually push down prices lower to 630 or even lower.

NICKEL

Consolidation largely to continue with marginal trades.

Zinc

Price recovery which sustain above 294 may invite fresh recovery move in the session ahead. Else could persist broad weakness in today’s session as well.

Lead

Decisive trades above 177.40 could boost up prices higher. Failed to achieve trades above the same may squeeze down prices lower.

Aluminium

As long as prices remain above the downside hindrance of 201.70 region could expect further recovery in the session ahead. But slippage below the same may grab prices lower.

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