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BULLION

GOLD

Major weakness may trigger only by a direct fall below 50880 region. Inability to close below the same may induce fresh buying in the session ahead.

SILVER

Price recovery above 62600 would lift prices higher in the session ahead towards 63300 region. Else could expect broad weakness to continue further lower.

ENERGY

CRUDEOIL

As long as prices stay below 8080 could expect prices to trade lower. But determined trades above the same may be sign of fresh buying towards higher

NATURAL GAS

Witnessing long liquidation move may extend towards 520 region. But need to challenge below the same to extend weak bias. Else hold the same for prices to rebound higher.

BASE METALS

COPPER

Intraday weakness may further see only by tangible trades below 751 region. Which if remain undisturbed could eventually push prices higher.

NICKEL

Current feebleness may extend lower towards the downside objective of 2160 or even lower in the later session. Although, rise above 2360 would be a sign of intraday price recovery.

ZINC

Current weakness may stretch lower in the upcoming session towards the price objective of 309 or even lower. Even in this bearish sentiments, reclaiming trades above 314 could lift prices higher.

LEAD

By breaking off the downside hurdle of 179.80 could push prices further lower. Else hold the same for prices to rebound higher.

ALUMINIUM

Weakness may extend lower in the session ahead towards the downside objective of 228.50 or even lower. But recovery trades above 233.80 may dent our intraday weak bias.

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