IGI Logo

BULLION

GOLD

Decisive trades above the upside obstacle of 48020 could bid fresh buying. Failed to win such trades may be a sign of intraday weakness in the session to come.

SILVER

Major weakness may be seen only below 68800 with substantial trades. Else hold the same for prices to rebound higher in the later session.

ENERGY

CRUDEOIL

Next phase of buying may be seen only above the upside hurdle of 5595 region. Botched attempt to mark such trades may bid fresh selling in the upcoming session.

NATURAL GAS

Ensuing buying sentiments possibly to uphold in the coming session if prices stay above 274.40 region. But a direct fall below the same a gradually squeeze down prices lower.

BASE METALS

COPPER

Prices still have room for selling bias and possibly stretch lower in the later session. In this bearish sentiments retreating trades above 728 region could induce fresh buying in the later session.

NICKEL

Prices need to challenge above the upside hindrance of 1415 for the prolongation of present buying. But there is equal plausible chance of downside corrective move if prices failed to crack 1415.

ZINC

Prices still trapped in the previous session consolidation range within the trading range of 242- 239.80. A firm move which breaks either side of the mentioned region could set off fresh directional move.

LEAD

Like we said last day, Further buying could see only above 180.50 region. Inability to crack above the same may gradually push prices lower in the coming session.

ALUMINIUM

As long as prices remain below the upside hindrance of 199.50 could expect prices to trade lower. On the other hand, rise above the same could boost prices further higher.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 
SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer