IGI Logo

BULLION

GOLD

Prices still been consolidating with out much directional move. However, a determined move which breaks either side of the price range of 44500- 45100 could set the trend.

SILVER

Major price recovery may establish only by solid trades above 67100. Which if remained undisturbed may be sign for further weakness towards the Bollinger lower band level of 64900.

ENERGY

CRUDEOIL

Prices have been approaching towards the downside obstacle of 4270, Break below the same may invite fresh selling in the later session. Inability to mark such move may call intraday buying move.

NATURAL GAS

Present short covering move may withstand only by concrete trades above the 188 region. If not could expect prices to turn lower in the coming session.

BASE METALS

Copper

Present weakness possibly to stretch lower in the upcoming session. Although revisiting trades above the hourly Bollinger middle band level of 673.30 could invite fresh buying in the coming session

NICKEL

Major buying may be seen only by voluminous trades above 1200 region. Inability to march past above the same may grab prices lower in the coming session.

BASE METALS

Zinc

Major buying may be seen only by tangible trades above 222 region. Which if remained untouched may squeeze down prices to downslide levels.

Lead

As long as prices hold the support of 159 region could expect prices to trade higher. But a sudden fall below the same may squeeze down prices lower.

BASE METALS

Aluminium

Intraday buying may be seen only above the 175.50 region. Else hold the same for further weakness in the later 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

​​​​​​