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BULLION

GOLD

Present corrective downside move likely to find support at 48140 region for a price rebound. While a corrective fall below the same may grab prices lower.

SILVER

Like we said last day, a major corrective move may be seen only below 71100 region. Else could anticipate price rebound to higher levels.

ENERGY

CRUDEOIL

Current weakness may continue if prices remain below the upside hurdle of 4725 region. On the other hand, reclaiming trades above the same may push prices back to higher levels.

NATURAL GAS

Intraday price move is excepted to be northbound if prices stay above 213.50 region. However, a corrective fall which settle below the same may be a sign of intraday weakness.

BASE METALS

Copper

Ensuing selling momentum may extend lower only solid trades below 752 region. Which if remain undisturbed could help prices to rebound higher

NICKEL

Dip below the downside hindrance of 1252 could trigger further corrective move in the coming session. Inability to challenge below the same be sign of price recovery for todays session.

Zinc

Present weakness likely to extend in the coming session if prices stay below the 232.30 region. On the flipside, retreating trades above the same could push prices higher.

Lead

Weakness may persist in the coming session if prices remained below the upside hurdle of 173.40 region. But retreating trades above the same could boost prices higher.

Aluminium

By breaking the downside Bollinger lower band level of 189.80 could squeeze down prices lower. However, failed to crack below the same may lift prices higher.

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