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BULLION

GOLD

Prices likely to consolidate within the trading range of 51100-50700 region. A firm move which breaks either side of the above recommended region could set the direction.

SILVER

Intraday buying may withstand only by tangible trades above 62700 region. Else hold the same for prices to turn lower towards 61500 or even lower.

ENERGY

CRUDEOIL

Established buying sentiments likely to persist towards the upside objective of 9410 or even higher to 9470. Even in this positive outlook, a corrective fall below 9260 maybe a sign of intraday weakness.

NATURAL GAS

Prices still have room for gains and possibly to extend buying spree towards 742 or even higher. But a direct fall below 718 may squeeze down prices lower in the later session.

BASE METALS

COPPER

Intraday move largely to be southbound if prices stay below 797 region. But decisive trades which reclaim above the same may induce fresh recovery move in the later session.

NICKEL

Major price recovery may be seen only above 2340 region. Inability to achieve such trades may eventually push prices lower

ZINC

By breaking off the upside hurdle of 331 could boost prices further higher in the session ahead. But there is equal plausible chance of a corrective fall if prices failed to succeed above 331.

LEAD

Sustainable trades above the upside hindrance of 186 region to trigger major buying. Inability to achieve trades above the same may negate intraday buying expectation.

ALUMINIUM

Present buying sentiments largely to persist towards the price objective of 238 or even higher to Bollinger middle band level of 239.20 region. A corrective dip below 236 may dent our buying expectation.

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