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BULLION

GOLD

Weakness may stretch lower towards 47490 or even more. Even in this bearish expectation, recovery trades above 47820 could lift prices higher.

SILVER

Early price pullback may be seen towards 61200 region to initiate next stage of weakness to 60000. But recovery trades which sustain above 61500 may push prices higher.

ENERGY

CRUDEOIL

By breaking off the upside hindrance of 5845 could lift prices higher. Which if remain undisturbed may call fresh long liquidation move in the later session.

NATURAL GAS

Present short covering move likely to uphold towards the price objective of 295. But a vertical fall below 282 may be sign of further weakness.

BASE METALS

COPPER

Prices still have room for weakness and such emerging selling move may stretch towards 726 or even more. On the flipside, recovery trades above 741 may be sign of intraday price recovery.

NICKEL

Current feebleness of prices largely to continue to with an immediate price objective of 1534 region or even lower. But reclaiming trades above 1560 would bid intraday buying in the session to come.

ZINC

Present long liquidation move may extend lower towards the downside objective of 284 or even lower. But recovery trades above 288.60 may be a sign of fresh buying.

LEAD

Witnessing weakness largely to extend lower towards 184 or even lower in the session to come. Botched attempt to crack below the same may boost prices higher.

Aluminium

Fall below 228.60 may be a sign of long liquidation move. If not, could expect previous session buying to persist towards 231.70 or even higher.

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