IGI Logo

BULLION

GOLD

Prices likely to consolidate within the trading range of 48020-48470 region. A firm a move which challenge either side of the mentioned level could set fresh directional move.

SILVER

Prices have been approaching towards the downside obstacle of 68950 region. Which if breaks could extend intraday weakness . Failed to challenge below the same may boost prices higher.

ENERGY

CRUDEOIL

Broad buying still intact and likely to find momentum if prices flat above 5300 region. But a direct fall below the same may be sign of downside corrective move .

NATURAL GAS

Present long liquidation move may extend if prices stay below 274 region. In this weak bias, retreating trades above the mentioned region could invite fresh buying in the coming session.

BASE METALS

COPPER

Ensuing buying sentiments possibly to gain momentum further as long as prices stay above 726 region. But a direct fall below the same may gradually squeeze down prices lower.

NICKEL

Ensuing buying sentiments likely to persist if prices stay above 1415 region. Although a direct fall below the same may eventually grab down prices lower in the session to come.

ZINC

Ensuing buying sentiments possibly to uphold in the coming session. But in this positive expectation, a direct fall below 241.20 may gradually squeeze down prices lower.

LEAD

if prices remain below 179.70 region would extend weakness in the upcoming session. But conclusive trades above the same may induce fresh buying.

ALUMINIUM

Dip below the downside hindrance of 198 would be a sign of intraday weakness in the coming session. Else hold the same for further buying in the coming session.

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