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BULLION

GOLD

Broad weakness still intact and still have room for further dips. On the other hand, a direct rise above 47150 could trigger fresh buying in the coming session.

SILVER

Intraday price recovery may be seen only above the 68650 region. Botched attempt to challenge above the same may persist previous session’s weakness in the upcoming session.

ENERGY

CRUDEOIL

Prices look exhausted after recent runs and we expect prices to turn lower as long as 5360 region caps upside. Conversely, solid trades above the same could trigger fresh buying on counter

NATURAL GAS

As long as prices stay above the downside hindrance of 233 region could expect prices to rebound higher. On the flipside, a sudden fall below the same may grab prices lower.

BASE METALS

COPPER

Recovery trades above 695 would be a sign of price recovery. Inability to make successful trades above the same may bid further price correction in the later session.

NICKEL

Prices likely to consolidate within the trading range of 1270-1305 region. A firm move which sustain any of the recommended region could set off fresh directional move.

ZINC

As long as prices hold the downside hindrance of 228 region could expect further prices recovery in the coming session. Although a vertical fall through the same may dent our recovery expectation.

LEAD

Decisive trades above 172.40 could boost prices higher . But failed to mark such trades would be a sign of intraday weakness.

ALUMINIUM

Prices have been approaching towards the downside obstacle of 188 region. Which if breaks could extend weakness. Else, hold the same for a price rebound in the coming session.

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