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BULLION

GOLD

Witnessing selling pressure likely to extend towards the downside objective of 50300 or even lower to 50170 region. However, a direct rise above 50660 may eventually lift prices higher.

SILVER

Consecutive days of weakness my prolong towards the downside objective of 60400 or even lower. Although there is equal plausible chance of recovery if prices settle above 61550 region.

ENERGY

CRUDEOIL

If prices remain above the downside hurdle of 8960 could boost prices to 9200 region. Even in this positive outlook a direct fall below 8940 may be sign of intraday weakness.

NATURAL GAS

By breaking off the downside hurdle of 638 could trigger fresh long liquidation move in the session ahead. Failed to close below the same may induce fresh buying in the session ahead.

BASE METALS

COPPER

Intraday weakness may stretch only by decisive trades below the bollinger middle band level of 767 region. Which if remain undisturbed could lift prices higher in the later session.

NICKEL

Broad weakness still intact and possibly for prices to slip towards the downside objective of 2070 or even lower. But rebounding trades which settle above 2180 could lift prices higher.

ZINC

A direct fall below 328 would be a sign of intraday weakness. Which if remain undisturbed could boost prices higher to 334.

LEAD

Intraday price rally may trigger only by tangible trades above 186 region. Inability to mark trades above the same may eventually push prices lower .

ALUMINIUM

Current feebleness of prices likely to stretch lower towards the downside objective of 232 or even to 229.60. But recovery trades above 237 could boost prices higher.

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