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BULLION

GOLD

Prices have been approaching towards the upside hurdle of 50560, which if breaks in the upcoming session, prices could extend present recovery. Else, holding the same may cause prices to turn lower.

SILVER

Present recovery move extend higher towards the upside objective of 54800 or even higher. Even in this intraday buying sentiments, a surprise fall below 53600 may negate our buying expectation.

CRUDEOIL

Intraday move is expected to northbound if prices stay above 6900 region. On the flipside, a corrective fall below the same may bid further weakness.

NATURAL GAS

Present long liquidation may continue towards the downside objective of 635 or even lower to 626. But recovery trades above 662 may induce fresh buying

BASE METALS

Copper

Present recovery move largely to uphold in the session ahead towards the prices objective of 645 or even followed by 654. But a surprise fall below 636 may grab prices lower

NICKEL

Consolidation largely to persist with moderate trades.

Zinc

As long as prices remain above the downside hurdle of 280 region could expect prices to rebound higher in the later session. Although a direct fall below 280 may push prices further lower.

Lead

A direct fall below 175 may be a sign of further weakness. Else hold the same for prices to turn higher to 177.80 region.

Aluminium

Weakness may stretch lower towards the downside objective of 196.80 or even lower to 195. Even in this bearish sentiments, recovery trades above 199.60 could lift prices higher.

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