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BULLION

GOLD

Price slippage below 49950 with sturdy volume may squeeze down prices lower. Else hold the same for prices to retreat higher in the session ahead.

SILVER

A direct rise above 57400 could trigger fresh recovery move in the session ahead. If the aforesaid region remain untouched could expect further price weakness to the counter.

CRUDEOIL

As long as prices stay below the upside hindrance of 7145 region could expect weakness to persist. But recovery trades which sustain above the same may bid fresh recovery move.

NATURAL GAS

Simmering weakness may extend lower towards the downside objective of 472 firstly or even lower to 464 region. Even in this dominant weak sentiments, there is equal plausible chance of temporary buying if prices close above 512 region.

Copper

Prices still have room for weakness and possibly to stretch lower towards the downside objective of 638 or even lower to 632 region. Even in this bearish sentiments, a vertical rise above 650 region could lift prices higher.

NICKEL

Prices possibly to consolidate with marginal trades.

ZINC

Ensuing selling sentiments likely to persist towards the downside objective of 260 or even lower. Although reclaiming trades above 266 would be a sign of price recovery.

LEAD

Consolidation likely to uphold within the trading range of 180.50-183. A firm move which breaks either side of the aforesaid region could set the trend.

ALUMINIUM

Consecutive days of weakness may extend towards the downside objective of 193.80 or even lower. Even in this weak sentiments, retreating trades above 199.70 could boost prices higher.

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