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BULLION

GOLD

Previous session weakness still intact and possibly to scale lower to 49970 or even lower. On the flipside, recovery trades above 50320 may dent our bearish sentiments.

SILVER

Prices still have room for further weakness in the session ahead. But recovery trades which sustain above 55800 may lift prices higher towards

ENERGY

CRUDEOIL

Present recovery move may not sustain unless prices sustained above 7800 region. Botched effort to move past above the same may eventually push prices lower.

NATURAL GAS

Intraday move is expected to be south bound if prices stay below 550 region. But a direct rise above 550 may call fresh buying in the session ahead.

BASE METALS

COPPER

By breaking the downside hindrance of 599 could extend weakness. Else hold the same for a price recovery towards 611 or even higher to 620.

NICKEL

Prices likely to consolidate within the previous days trading range with marginal trades.

ZINC

A major price recovery may trigger only by tangible trades above 266 region. Failed to mark trades above the same may bid further weakness to the counter.

LEAD

Intraday buying may withstand only by solid trades above 171 region. Failed to move past above the same may push prices lower in the session ahead.

ALUMINIUM

Ensuing selling sentiments likely to continue towards the downside objective of 202 or even lower. But retreating trades above 204.40 would boost prices higher in the later session.

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