IGI Logo

BULLION

GOLD

Next stage of selling may initiate only by determined trades below 45600 region. Inability to mark such trades may cajole fresh recovery move in the later session.

SILVER

Previous session weakness largely to extend if prices stay below the upside hindrance of 59600 region. On the other hand, solid trades above the same may lift prices higher.

ENERGY

CRUDEOIL

Revisiting trades above 5630 would be a sign of further buying. Botched attempt to challenge above the same could expect prices weakness in the upcoming session.

NATURAL GAS

As long as prices remain below the upside hindrance of 429 region could expect further price correction. But a vertical rise above the same may induce fresh buying.

BASE METALS

COPPER

Witnessing selling momentum may continue in the upcoming session. Even in this bearish sentiments, rise above the 709.30 may be a sign of price recovery in the upcoming session.

NICKEL

Weakness may persist in the upcoming session and possibly to stretch towards 1385 or even more. However, determined trades above 1416 may be a sign of fresh recovery move

ZINC

Decisive trades above the upside hindrance of 257 could revamp intraday buying in the upcoming session. Failed to mark such trades may bid fresh selling in the later session.

LEAD

Intraday weakness may further see only below the downside hurdle of 181.60 region. Else hold the same for prices to scale higher in the session to come.

ALUMINIUM

Prices likely to gain momentum in the upcoming session if prices stay above the downside hurdle of 229 region. Conversely, a corrective fall below the same may squeeze down prices lower.

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