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BULLION

Gold

Intraday price recovery may gain pace only by sustainable trades above 48740 region. Failed attempt to win such trades may squeeze down prices to further lower.

SILVER

Major price recovery may be seen only by concrete trades above 71800 region. Which if remain undisturbed could expect further weakness in the coming session.

ENERGY

CRUDEOIL

Established buying sentiments possibly to persist in the session to come. Even in this bullish expectation, a corrective fall below 4970 may bid a long liquidation move for today.

NATURAL GAS

Like we said last day, further weakness may activate only by substantial trades below the downside obstacle of 220 region. Else hold the same for a prices rebound to higher levels.

BASE METALS

Copper

Next stage of weakness may trigger only below 730 region. Which if remain undisturbed could revive intraday buying and such move may push prices higher.

NICKEL

Previous session weakness likely to persist if prices stay below 1328 region. But a vertical trades above the same may eventually help prices to take off higher.

ZINC

By breaking the downside obstacle of 234.40 could trigger a major corrective move in the coming session. Botched attempt to challenge below the same could lift prices back to higher levels.

LEAD

Intraday move largely to be south bound if prices stay below 171.30 region. On the flipside, a direct rise above the same could push prices upward.

ALUMINIUM

As long as prices remained below the upside obstacle of 192.80 could anticipate a downside corrective move. However, claim above the above mentioned region could bid fresh buying.

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