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BULLION

GOLD

Prices have been in a consolidation after previous week’s gains, and we expect intraday move to be northbound if prices stay above 46820 region. Although dip below the same may dent our buying expectation.

SILVER

Like we said last day, next phase of buying trend may set off only by determined trades above 64800 region. Else could bid a downside corrective move.

ENERGY

CRUDEOIL

Fall below the region of 4960 may be a sign of long liquidation move. Else hold the same to retain previous days recovery momentum in the later session.

NATURAL GAS

As long as prices remain above the downside obstacle of 290 region could expect prices to be trade on an upside trajectory. But a surprise fall which settle below the same could bid intraday selling pressure.

BASE METALS

COPPER

Witnessing price recovery move may not last long unless prices reclaim above 719 region. If not, could expect a corrective dip in the later session.

NICKEL

Fall past below 1410 may grab prices lower in the upcoming session. Botched attempt to mark such trades may induce fresh buying in the upcoming session.

ZINC

Present prices recovery may bolster only by tangible trades above 247.70 region. Inability to challenge above the same may gradually push down prices lower.

LEAD

Intraday price recovery may activate only by tangible trades above the upside hindrance of 178.60 region. Else hold the same for a downside corrective move.

ALUMINIUM

Further buying may be seen only above the upside hurdle of 208.90 region. Failed to close above the same may be a sign of intraday weakness.

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