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BULLION

GOLD

Previous session buying sentiments likely to uphold towards the upside objective of 51370 or even higher. A corrective fall below 51020 may be a sign of weakness.

SILVER

Prices need to challenge above the upside hindrance of 58700 region to trigger fresh recovery move for intraday. Inability to close above the same may bid intraday weakness to 57400.

ENERGY

CRUDEOIL

Present buying trend may extend only by determined trades above 7890 region. Failed to achieve such trades may push prices lower in the later session.

NATURAL GAS

Weakness still intact and possibly to scale lower towards the downside objective of 630 region or even lower. But rebounding trade which settle above 666 may lift prices higher.

BASE METALS

COPPER

Solid trades which sustain above the upside hindrance of 652 region would be a sign of further buying. Else hold the same for prices to turn around lower in the session ahead.

NICKEL

Consolidation largely to continue with limited trades.

ZINC

Witnessing price recovery may largely to continue towards the price objective of 294 or even more. Although, a long liquidation move which slip below 288.50 may dent our buying sentiments.

LEAD

Prices likely to consolidate with positive bias if prices remain above the downside hurdle of 175.50 region. But a corrective fall below the same may dent our buying expectation.

ALUMINIUM

Intraday move is expected to be northbound if prices stay above 212 region. However, a direct fall below the same may dent our buying expectation.

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