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BULLION

GOLD

Prices expected to witness mild correction in the upcoming session. However, a voluminous rise above the 47500 on the trendline resistance may add fresh buying in the counter.

SILVER

Mild divergence in MACD oscillators after bullish crossover suggest possibility of mild rebounds. However, a dip below 63770 on the Bollinger lower band region may induce weakness in the counter.

ENERGY

CRUDEOIL

Present corrective move expected to continue in the upcoming session. While an unexpected rise above 5100 may induce bullish sentiments.

NATURAL GAS

Corrective fall may find support near 307.70 region on the Bollinger lower band, a break below which weakness may continue. Meanwhile, breaking above the Bollinger mid band region of 318 may strengthen the bullish moves.

BASE METALS

COPPER

Next stage of buying can be expected only above the trendline hindrance of 727. Else, corrective dips may be witnessed below the same region.

NICKEL

As long as prices trade above the Bollinger band support of 1441, possibility of major weakness can be ruled out. Whereas as dip below the same region may further weaken the counter.

ZINC

Converging MACD oscillators suggest a sideways trend in the prices. However, A sharp rise above 247 can strengthen the prices further.

LEAD

Present rebound in prices may extend further in the coming session. However, a direct fall which claim below 176.80 may dent our buying sentiment.

ALUMINIUM

Although prices may exhibit mild rebounds, major bullish moves may be seen only above the trendline hindrance of 215.40 region. Slip below 211 may negate buying hopes.

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