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BULLION

GOLD

Present technical formation suggest present buying to stretch higher if prices stay above 47820 region. Although break below the same may be sign of intraday weakness and such move may finally rest at 47400.

SILVER

Prices yet to challenge above the 69900 to extend present buying move. Otherwise, could expect intraday selling pressure which could push prices lower.

ENERGY

CRUDEOIL

An intraday prices recovery may establish only tangible trades above the 5425 region or else, could anticipate previous weakness to persist in the session to come.

NATURAL GAS

Witnessing long liquidation move may prevail in the upcoming session. However, resurging trades above 272 could captivate fresh buying on counter.

BASE METALS

COPPER

Present candle stick formation suggests weakness to persist, however, to substantiate that prices to challenge below 715.30 region. Failed to develop such trades would be a sign of short covering move.

NICKEL

Intraday move is expected southbound unless prices settled above 1386 region. But break above the same with voluminous trades may eventually drive prices higher.

ZINC

Prices clearly held the downside hindrance of 237.50 region in early session. Which if remain undisturbed could expect prices to turn higher.

LEAD

Prices have been looming towards the downside obstacle of 176.80, break below the same may push prices further lower. Inability to mark such trades may lift prices higher.

ALUMINIUM

Prevailing long liquidation move may possibly to edge lower if prices stay below the upside obstacle of 197.30 region. On the other hand, decisive trades above same may induce fresh recovery move.

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