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BULLION

GOLD

Present technical formation suggest further bullish move, but prices need to sustain above 48100 to trigger such move. Botched attempt to soar above the same may grab prices lower.

SILVER

Recuperating trades above 70800 could trigger fresh buying. Else hold the same for a downside corrective move which may scale prices lower in the later session.

ENERGY

CRUDEOIL

Further buying may bolster only by substantial trades above the upside obstacle of 5630 region. If the above-mentioned region remain undisturbed may push prices lower.

NATURAL GAS

Prices possibly to turn lower in the coming session. Although in this bearish sentiments, recovery trades above 281 region would be a sign of broad buying in the later session.

BASE METALS

COPPER

Witnessing buying sentiments less likely to find momentum unless prices sustained above the 738.50 region. Failed to mark such trades may squeeze down prices lower.

NICKEL

Present recovery move may sustain only by conclusive trades above 1382 region. Inability to succeed above the same bid fresh selling towards previous session low.

ZINC

If prices stay below the 242.20 region, we could anticipate a downside corrective move in the coming session. However, solid trades above the same may invite fresh buying on counter.

LEAD

A major upside rally may establish only by substantial trades above 182 region. Which if remain unharmed could eventually push prices lower in the later session.

ALUMINIUM

Prices seen consolidating and possibly to trade within the trading range of 198- 201. A decisive move which claim above or below the mentioned region could set off fresh directional move.

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