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BULLION

GOLD

Like we said last day, region of 46770 looks to be formidable region for sellers to challenge. Failed to crack below the same would be a sign of price recovery.

SILVER

Intraday move largely to be southbound if prices hover below the upside hindrance of 63900. Even in this bearish expectation, retreating trades above the same could boost prices to higher levels.

ENERGY

CRUDEOIL

Present buying sentiments likely to stretch higher if prices stay above 5165 region. But a downside fall which settle below the same may eventually push prices lower.

NATURAL GAS

Dominant buying sentiments largely to uphold in the upcoming session. Even in this bullish sentiments fall past below 382 may gradually squeeze down prices lower.

BASE METALS

COPPER

Observing selling sentiments may extend only if prices close below the downside obstacle of 718 region. Else hold the same for a prices rebound in the session to come.

NICKEL

Intraday buying may be seen only above the upside hindrance of 1496 region. Else hold the same may gradually squeeze down prices lower in the later session.

ZINC

Present long liquidation move possibly to extend in the session to come. But rebounding trades above the upside hindrance of 251.80 could boost prices higher.

LEAD

Present long liquidation move likely to progress only by stable trades below 186.30 region. Inability to challenge below the same could boost prices higher.

ALUMINIUM

Present recovery move may not persist unless prices sustained above the upside hurdle of 231 region. If the above-mentioned region remain undisturbed could expect further long liquidation move.

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