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BULLION

GOLD

Prices likely to float in the trading range of 44100-44750. A firm move which breaks either side of the mentioned range could set off intraday directional move.

SILVER

By breaking the upside obstacle of 67500 region may cajole fresh buying in the session to come. But there is a possible chance of a downside corrective if prices failed to mark trades above 67500.

ENERGY

CRUDEOIL

Present recovery move may live up only by promising trades above 4860 region. Failed to mark trades above the same would be an sign of intraday weakness.

NATURAL GAS

Consecutive days weak sentiments largely to prolong further. On the other hand decisive trades above the upside hurdle of 200 would push prices higher.

BASE METALS

Copper

If prices hold the downside obstacle of 678 region could lift prices higher in the coming session. However, challenging trades below the same may be a sign of downside corrective move.

NICKEL

Current feebleness of prices likely to stretch lower in the coming session. But rebounding trades 1192 could lift prices higher.

BASE METALS

Zinc

Major buying may be seen only above the EMA level of 219.40. Else hold the same for a corrective downside move during the later session.

Lead

Intraday price recovery may withstand only by solid trades above 163.40 region. Inability to challenge above the same may squeeze down prices lower.

BASE METALS

Aluminium

If prices reclaim below the Bollinger middle band level of 171.60 could expect further weakness in the coming session. Else hold the same for intraday price recovery.

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