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BULLION

GOLD

Voluminous trades above the immediate price obstacle of 47880 would be a sign of intraday buying. Inability to surpass the above mentioned region may invite fresh selling.

SILVER

Present weakness may withstand only below 70800 region. Which if remain undisturbed could expect prices to retreat higher in the later session.

ENERGY

CRUDEOIL

Major buying may be seen only by tangible trades above 4880 region. Failed to achieve trades above the same may bid a downside corrective move in the coming session.

NATURAL GAS

Prices expect to float with in the trading range of 212-220. A firm move which crack either side of above mentioned range could set off fresh directional move.

BASE METALS

Copper

Reclaiming trades above 801 would be a sign of intraday buying in the coming session. Inability to mark trades above the same may bid further long liquidation move in the later session.

NICKEL

Prices still trapped in previous days trading range. However, broad buying likely to intact if prices remain above 1312 region. But a decisive move which settle below the same may squeeze down prices lower.

BASE METALS

Zinc

Prices still have room for further gains in the coming session. In this positive note, a surprise fall below 234.80 may be a sign of a long liquidation move.

Lead

As long as prices hold the downside hindrance of 174.50 could expect prices to trade higher. Although a direct fall below the same may be sign of long liquidation move in the later session.

BASE METALS

Aluminium

Prices need to challenge below 198.70 for a major corrective move. Inability to challenge below the same could retain broad buying in the coming session.

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