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BULLION

GOLD

A dip below 50480 may be sign of intraday weakness. Failed to mark such trades may bid fresh recovery move towards the upside objective of 50980/51270.

SILVER

Intraday buying may withstand only by tangible trades above 58100 region. Else hold the same for prices to turn lower towards the downside objective of 56600.

ENERGY

CRUDEOIL

By breaking off the upside hindrance of 7920 would be a sign of fresh buying towards 8060 or even higher. Inability to mark trades above 7920 may squeeze down prices lower.

NATURAL GAS

Determined trades above 458 would trigger fresh buying in the session ahead. Failed to achieve such trades may grab prices lower to 425 or even lower.

BASE METALS

COPPER

As long as prices stay above the downside hindrance of 641 region could expect prices to rebound higher. But a vertical fall below the same may push prices further lower.

NICKEL

Present consolidation likely to persist with moderate trades

ZINC

If prices remain below the upside hindrance of 277.50 region could expect further weakness. But recovery trades above the same may lift prices further higher.

LEAD

A direct rise above 176.50 could boost prices higher in the session ahead. Failed to claim above the same may bid further weakness in the session ahead.

ALUMINIUM

Present weakness may be seen only by decisive trades below 204.50 region. Else hold the same for prices to rebound higher in the later session.

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