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BULLION

GOLD

Prices clearly held the SMA level of 46950 region in early session. Which if remained unbroken could expect prices to scale higher in the coming session.v

SILVER

If prices remain above the downside obstacle of 69000 could anticipate further gains. On the flipside, a decisive move which claim below the same may eventually take prices lower.

ENERGY

CRUDEOIL

Prices likely to float with in the trading range of 4600-4740 region in todays session. In this perplexing state, a firm move which breaks either side of the mentioned region could set the directional move.

NATURAL GAS

Present buying sentiments possibly to extend higher. In this buying spree, a turn around move which sustain below 212 may dent our buying expectation.

BASE METALS

Copper

Witnessing buying momentum largely to uphold if prices float above 756 region. However, a vertical fall below the same may bid a long liquidation move in the coming session.

NICKEL

Prices still have room for further gains as long as prices remained above the downside hurdle of 1260 region. However, a direct fall through the above mentioned region could squeeze down prices lower.

BASE METALS

Zincv

Consecutive days of buying sentiments largely to uphold in the coming session. In this bullish picture, fall below 233.40 would call a downside corrective move in the coming session.

Lead

Predominant bullish sentiments possibly to extend higher in the coming session. Although surprise fall which close below 172 may be a sign of intraday weakness.

BASE METALS

Aluminium

Broad buying still intact and possibly to test higher level prices. But dip below 193.40 would be a sign of downside corrective move.

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