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BULLION

GOLD

Dip below the downside obstacle of 46820 may be a sign of an intraday weakness. Inability to challenge below the same may call further buying in the later session.

SILVER

Ensuing selling sentiments likely to extend only by tangible trades below 61650 region. If not, could expect prices to gain momentum in the coming session.

ENERGY

CRUDEOIL

Consecutive days of weakness may extend only by promising trades below 4670 region. If the mentioned region remain undisturbed could lift prices to higher levels.

NATURAL GAS

Prices expect to trade higher if prices stay above the downside hurdle of 286.50 region. However, a corrective fall which settle below the same may bid fresh selling.

BASE METALS

COPPER

Initial recovery move likely to be restricted unless prices claim above 696 region. Failed to march trades above the same may be a sign of further downside corrective move.

NICKEL

Slippage below 1390 may grab prices lower in the session to come. Failed to mark such trades may boost prices to higher levels.

ZINC

Intraday move is expected to be southbound if prices stay below 247 region. In this weak expectation, retreating trades above the same could cajole fresh buying.

LEAD

Witnessing selling sentiments likely to stretch lower in the session to come. But there is equal plausible chance of a price recovery if prices remain above 179.60 region.

ALUMINIUM

If prices remain below the upside hurdle of 206.60 region could expect prices to trade lower. Although decisive trades which reclaim above the same may bid fresh buying move.

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