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BULLION

Gold

Prices likely to consolidate within the trading range of 49200-48650. A firm move which breaks any of the mentioned region could set off fresh directional move.

SILVER

Conclusive trades above the upside hurdle of 71900 would be a sign of price recovery. Inability to challenge above the same would be a sign of weakness.

ENERGY

CRUDEOIL

Established buying may persist if prices stay above the 5060 region. However, a vertical fall which sustain below the same may call a corrective downside move in session to come.

NATURAL GAS

Prices still have room for gains in the coming session. In this bullish sentiments, a corrective move which fall through 224.30 may bid intraday weakness into the counter.

BASE METALS

Copper

Region of 733 looks to be formidable region for an intraday selling. Which if remain untouched could help prices to rebound higher toward the previous session highs.

NICKEL

As long as prices stay above the downside obstacle of 1312 region could expect prices to trade higher. Even in this positive bias, a corrective fall below the same may eventually push prices lower.

ZINC

Revisiting trades above 239 may boost prices further higher. Botched effort to win such trades may eventually push down prices lower during the evening session

LEAD

A mild consolidation is progressing, but strong move which claim above 172 could boost prices higher. Failed to mark such trades may be a sign of intraday weakness.

ALUMINIUM

A major buying may trigger only by promising trades above the upside obstacle of 192.70 region. Else hold the same for a corrective move in the later session.

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