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BULLION

GOLD

If prices remain above the downside hurdle of 51020 region could expect further price recovery towards 51380 or even higher. But a corrective dip below 51020 may grab prices lower.

SILVER

Revisiting trades above 64400 would boost up prices higher during the evening session. Failed to achieve such trades may grab prices lower in the later session

ENERGY

CRUDEOIL

Prices still have room for gains and possibly to stretch higher towards 8290 or even more to 8370. On the other hand, a surprise fall below 8100 may dent our buying expectation.

NATURAL GAS

Dominant buying sentiments likely to uphold in the upcoming session. A vertical fall below 630 may be a sign of weakness.

BASE METALS

COPPER

Intraday move is expected to be north bound if prices stay above 767. However, a corrective fall below the same may eventually push prices lower in the later session.

NICKEL

Present long liquidation may persist if prices remain below 2480 region. But recovery trades above the same may eventually lift prices higher.

ZINC

As long as prices remain above 332 region could expect prices to trade higher. Even in this positive outlook, a corrective fall below the same may squeeze down prices lower.

LEAD

Witnessing buying sentiments possibly to continue towards the upside objective of 187.80 or even higher in the later session. But a direct fall below 185.50 may be a sign of intraday weakness.

ALUMINIUM

Current feebleness of prices may not sustain unless prices claimed below 244.40 region. Inability to mark such trade may bid a short covering move towards 250.80 region.

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