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BULLION

GOLD

Prices likely to consolidate with positive bias, However a corrective fall which close below the downside hindrance of 47800 may squeeze down prices lower.

SILVER

Prices yet to sustain below the downside obstacle of 66800 for a major selling pressure. If the above-mentioned region remain untouched could expect prices to turn higher.

ENERGY

CRUDEOIL

Intraday weakness still intact but need to crack below 4920 for previous session selling to continue. Inability to challenge below the same could generate fresh recovery move.

NATURAL GAS

Present buying sentiments likely to uphold in the coming session. Even in this bullish sentiments, slippage below 277.50 could trigger fresh intraday selling.

BASE METALS

COPPER

Simmering weakness likely may persist as long as prices stay below the upside hindrance of 719 region. Although decisive trades above the same could cajole fresh buying on counter.

NICKEL

By breaking the immediate obstacle of 1382 could entice fresh selling on evening session. Failed to challenge below the same may bid fresh recovery move in the coming session.

ZINC

Prices have been approaching towards the downside obstacle of 241.20 region. Which if breaks could witness further weakness. Else hold the same for broad buying to persist.

LEAD

Prices possibly to stretch weakness if prices stay below the 177.20 region. However, a direct rise through the same may induce fresh buying on the coming session.

ALUMINIUM

Previous session weakness may largely to extend further lower in the coming session. But in this weak sentiments retreating trades above 195 could lift prices higher.

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