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BULLION

GOLD

Prices likely to consolidate within the trading range of 50400-50900. A firm move which breaks either side of the aforesaid region to set out fresh directional move.

SILVER

A corrective dip below 54700 may be a sign of intraday weakness. Failed to mark trades below the same may bid a fresh recovery move in the session ahead.

ENERGY

CRUDEOIL

Intraday move largely to be north bound towards the price objective of 7970 or even higher. But a corrective dip below 7760 region would be a sign of intraday weakness.

NATURAL GAS

Consecutive days of buying sentiments likely to continue towards the upside objective of 702 or even higher. But a corrective fall below 680 may be a sign of intraday long liquidation.

BASE METALS

COPPER

A major price rally may be seen only by tangible trades above 648 region. Which if remain undisturbed could expect weakness towards 639 or even lower to 635.

NICKEL

Price consolidation possibly to continue with negative bias in the absence of much volume.

ZINC

Present buying sentiments largely to uphold towards the upside objective 281 or even more. Even in this positive outlook, a corrective dip below 275 may be a sign of weakness.

LEAD

Determined trades above 178.50 would be a sign of fresh buying in the session ahead. Else hold the same for a long liquidation move in the session ahead.

ALUMINIUM

If prices claim above the immediate hindrance of 212.80 could lift prices higher in the later session. Although failed to crack above the same may induce weakness on counter.

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