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BULLION

GOLD

If prices remain below the Bollinger upper band level of 48160 region could expect further long liquidation move in the later session. Although rise above the same may push prices higher.

SILVER

A direct rise above 65200 may call for further buying in the upcoming session towards 65900 or even more. Inability to generate trades above the same may push down prices lower.

ENERGY

CRUDEOIL

Reclaiming trades above the 6170 could set off fresh buying in the session to come. Botched attempt to achieve such trades may be a sign of intraday weakness.

NATURAL GAS

Intraday move is expected to be northbound if prices remain above the downside hurdle of 407 region. On the other hand, a corrective move which settle below the same may grab prices lower.

BASE METALS

COPPER

Determined trades above the EMA level of 739 would be a sign of price recovery in the upcoming session. Failed to challenge above the same may further bring weakness on the counter.

NICKEL

Intraday weakness may be seen only by concrete trades below the downside hurdle of 1465 region. Else hold the same for prices to rebound higher in the later session.

ZINC

Further weakness may trigger only by decisive trades below 268 region. Which if remain undisturbed could boost prices higher towards 274 or even higher.

LEAD

If prices remain above the EMA level of 185 would be a sign of intraday price recovery . However, a surprise fall below the same may gradually push down prices lower

ALUMINIUM

Weakness may persist in the upcoming session if prices stay below the upside hindrance of 206 region. Whereas decisive trades above the same may lift prices higher.

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