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BULLION

GOLD

Prices likely to consolidate within the trading range of 47600-48000. A firm move which breaks either side of the mentioned region to set out fresh directional move.

SILVER

Previous session weakness may extend if prices stay below 61400 region. While retreating trades above the same may eventually push prices to higher levels

ENERGY

CRUDEOIL

Price pullbacks to 5440 region could be possible before triggering further weakness in the coming session. But resurging trades above the 5470 could boost prices higher.

NATURAL GAS

Witnessing recovery move may continue in the upcoming session if prices stay above 287 region. But a corrective fall below the same may squeeze down prices lower.

BASE METALS

COPPER

Intraday move is largely to be northbound and such recovery move likely to stretch towards 743 or even more. Although an unexpected fall below 732 may be a sign of intraday weakness.

NICKEL

Prices possibly to gain momentum further towards the upside objective of 1572 or even more to 1588. Even in this positive note, a corrective fall below 1544 maty be a sign of intraday weakness.

ZINC

Intraday buying still intact if prices stay above 275.50 region. However, a corrective fall which settle below the same may be sign of intraday weakness towards 274 or even lower.

LEAD

Witnessing weak bias may continue only by tangible trades below 183.80 region. Which if remain undisturbed could expect prices to trade higher.

ALUMINIUM

Consecutive days of recovery move may extend higher in the session to come. But a direct fall below 213.50 may push prices lower.

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