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BULLION

Prices still consolidating within the trading range of 48200-48750. A direction may be set out only by tangible trades which breaks either side of aforementioned region.

SILVER

By claiming below the 70800 region would be a sign of intraday weakness. If price remain above the same may eventually lift prices higher.

ENERGY

CRUDEOIL

Next phase of bullish move may establish only by stable trades above 4860 region. Failed to march above the respective hurdle may grab prices lower.

NATURAL GAS

As long as prices remained above the Bollinger lower band level of 213.60 could anticipate a price recovery. But a dip below the same may trigger further weakness.

BASE METALS

Copper

Prices likely to rebound higher if prices stay above the 741 region. But a price slip below the above recommended region may squeeze down prices lower.

NICKEL

Decisive trades above 1267 could cajole fresh buying in the coming session. Inability to challenge above the same may be sign further weakness on counter.

Zinc

Major weakness may be seen only by breaking the downside hurdle of 228 region. Which if remain undisturbed could expect prices to turn higher.

Lead

Present long liquidation pressure likely to scale lower if prices remain below 171.20 region. Although, decisive trades above the same could boost prices back to higher levels.

Aluminium

Intraday move is expect to be southbound if prices stay below the upside obstacle of 190.20 region. But rise above the same would bid fresh buying to the counter.

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