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BULLION

Gold

Retreating trades above the upside hindrance level of 49180 could entice fresh buying in the counter. Failed to reach out such trades may be a sign of corrective selling in the coming session.

SILVER

Decisive trades above the 71900 would be a sign of price recovery. Failed to win such trades may prompt intraday weakness and gradually squeeze down the prices lower.

ENERGY

CRUDEOIL

Initial moves likely to be upside, even though need to mark sustainable trades above the upside obstacle of 5080 to continue further. Failed to mark such trades may eventually push prices lower.

NATURAL GAS

Ensuing buying likely to uphold if prices remained above 214 region. On the flipside, a surprise move which slipped below the same may gradually take prices lower.

BASE METALS

Copper

Prices likely to consolidate within the trading range of 745-730 in the upcoming session. A firm move which breaks either side of the recommended region could set off fresh directional move.

NICKEL

Next stage of weakness my trigger only by substantial trades below 1290 region. Failed to mark such trades would be a sign of price recovery towards higher.

ZINC

Resurging trades above 238.40 could boost prices higher. Inability to challenge above the same may push prices lower in the later session.

LEAD

As long as prices remained below the upside obstacle of 172 region could anticipate weakness may persist. But there is equal chance of price recovery once prices settled above 172.

ALUMINIUM

Price clearly hold the downside EMA level of 189 region. If the above mentioned region remain undisturbed could boost prices higher in the coming session.

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