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BULLION

GOLD

Prices likely to consolidate within the trading range of 50480-50950 region. Although in this perplexing situation,a firm move which breaks either side of the mentioned region to set off fresh directional move.

SILVER

As long as prices stay above the downside hurdle of 56400 region could expect prices to trade higher to 57700 or even higher. On the flipside, a direct fall below 56400 may push prices further lower.

ENERGY

CRUDEOIL

Next phase of weakness may be seen only by solid trades below the Bollinger lower band level of 7580 region. Which if remain untouched could expect a short covering move towards 7830 or even more to 7980.

NATURAL GAS

Determined trades above the upside hurdle of 514 region could boost up prices further higher. Inability to achieve trades above the same may squeeze down prices lower.

BASE METALS

COPPER

Solid trades which sustain above 634 would be a sign of fresh recovery. Botched attempt to win such trades above the same may bid weakness to the counter.

NICKEL

Prices still trapped in a congestion region within the trading range of 1980- 2120 and possibly to continue during the rest of the session.

ZINC

By breaking off the downside hurdle of 270.80 could extend weakness. Else hold the same for prices to turn higher in the session ahead towards 277.

LEAD

Present buying sentiments likely to uphold towards the upside objective of 176.50 or even more. However, an unexpected fall below 174.20 may push prices lower.

ALUMINIUM

Intraday move is expected to be north bound towards the upside objective of 208 or even more to 209.40. A corrective fall below 204.80 may dent our buying expectation.

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