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BULLION

GOLD

Prices possibly to continue consolidation within the trading range of 50400- 50900. Price yet to come out either side of the aforesaid region to set off fresh directional move

SILVER

Initial price dips can be seen before initiating fresh recovery move towards the objective of 56300 or even higher. Although a corrective fall below 54950 may dent our buying expectation.

ENERGY

CRUDEOIL

Weakness may largely to continue towards the downside objective of 7550 or even lower to 7490. Even in this weak bias, recovery trades above 7760 may lift prices higher.

NATURAL GAS

A vertical fall below 684 may be a sign of intraday weakness. Which if remain untouched could trigger fresh recovery in the session ahead.

BASE METALS

COPPER

As long as prices stay 630 region could expect intraday price recovery. But a surprise fall below the same may push prices lower in the later session.

NICKEL

Broad consolidation likely to progress with thin trades.

ZINC

By breaking off the upside hindrance of 278.40 could boost prices higher in the later session. Failed to achieve such trades may eventually push prices lower in the later session.

LEAD

Solid 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

Slippage below 209 would be a sign of weakness. Else hold the same for prices to rebound higher in the later session.

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