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BULLION

GOLD

Prices likely to consolidate within the trading range of 48200-48750. A firm move which challenge any of the above mentioned levels could set fresh directional move in later session.

SILVER

Region of 72300 looks to be a formidable region for buyer to gain momentum. Else hold the same for a downside corrective move in the later session.

ENERGY

CRUDEOIL

Ensuing buying likely to uphold in the coming session. But in the positive note, a surprise fall which revisit below 4690 may grab prices lower.

NATURAL GAS

Weakness may persist in the coming session and possibly to strengthen if prices stay below 213 region. But a sudden rise above the same could cajole fresh buying in the sessions to come.

BASE METALS

Copper

Retreating trades above 744 may invite fresh buying in the coming session. Botched attempt to mark such trades may squeeze down prices lower.

NICKEL

Reclaiming trades above 1246 would trigger a prices recovery in the evening session. Else hold the same for a downside corrective fall.

Zinc

Present rebounding trades less likely to gather pace unless a solid move above 230 region. Which if remain undisturbed may be a sign of further weakness.

Lead

Fall below the downside obstacle of 169 could grab prices lower. Inability to mark such trade may be a sign of intraday price recovery.

Aluminium

If prices remained below the EMA level of 187.60 could expect prices to continue its weakness in the coming session. Although a decisive move which settle above the same could push prices higher.

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