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BULLION

GOLD

Rebounds in prices expected to sustain if prices surge above 50000 region. Intraday weakness in expected only below 49500 region.

SILVER

Widening bullish divergence suggest the possibility further gains the prices. Intraday moves may extend higher towards 60000 region gradually, above which prices may become firmer. Intraday weakness is expected only below 56500 region

CRUDEOIL

Converging MACD lines rule out the possibility of further weakness. However, prices need to break above the resistance of 6890 region to extend buying. Else, range bound moves may be seen for the intraday.

NATURAL GAS

If prices remain above the 618 region's downside resistance, intraday movement will largely be to the north. However, a sudden drop below that level might dampen our buying hopes.

COPPER

Prices may appear firmer if trades sustain above Bollinger upper band resistance of 656 region. Inability break above the same may induce weakness as well.

NICKEL

Present volume less moves may persist further in the session ahead.

ZINC

Rebound expected to sustain above 285 region. Inability to cross the same region may cause corrective dips.

LEAD

Prices may appear firm if trades extend further higher above 183 region in the intraday. Else, corrective dips may be witnessed.

 ALUMINIUM

Rebounds in prices may sustain only above 197.30 region. Else, prices may be seen moving in a narrow range below the same region.

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