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BULLION

GOLD

Prices remained under pressure and possibly to extend. On the flipside, solid trades above the 44700 could trigger intraday recovery move

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SILVER

As long as prices hold the upside obstacle of 67000 region could anticipate a downside corrective move. But there is equal plausible chance of a upside swing if price stay above 67000.

ENERGY

CRUDEOIL

Witnessing long liquidation move possibly to continue if prices remained below 4910 region. But solid trades above the respective hurdle could push prices back to higher levels.

NATURAL GAS

Previous session weakness likely to stretch lower in the coming session towards 192 or even more. But solid trades above the EMA level of 204 would be an early sign of price recovery.

BASE METALS

Copper

As long as prices hold the downside obstacle of 678 region could lift prices higher in the coming session. Although challenging trades below the same may be a sign of downside corrective move.

NICKEL

Prices possibly to float in the range of 1160-1120 region. A firm move which breaks either side of the mentioned region could set the directional move

BASE METALS

Zinc

Decisive trades above the EMA level of 219.40 could invite fresh buying in the coming session. Else hold the same for a corrective downside move during the later session.

Lead

Prices have been nearing towards the downside obstacle of 161.40 region. Break below the same may push prices further lower. Else hold the above mentioned region for a rebound.

BASE METALS

Aluminium

If prices fall past below 172.40 could expect a long liquidation move in the coming session. Inability to mark such trades would boost prices to higher levels.

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