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BULLION

GOLD

Ensuing buying sentiments likely to persist as long as prices stay above 48140 region. But a surprise fall below the same may induce fresh selling for today’s session.

SILVER

Successful trades above the immediate hindrance of 65450 region could trigger fresh buying in the session to come. Failed to crack above the same may squeeze down prices lower.

ENERGY

CRUDEOIL

Early dips can be seen before prices gain momentum in the upcoming session. Although a corrective fall which claim below 6140 may be a sign of intraday weakness.

NATURAL GAS

Previous session weakness largely to stretch lower in the session to come. Even in this bearish sentiments, recovery trades above 378 would be a sign of intraday buying.

BASE METALS

COPPER

Major price recovery rally may be seen only by decisive trades above the 746 region. Which if remain undisturbed would be a sign of consolidation with mild negative bias.

NICKEL

Witnessing buying sentiments likely to extend in the upcoming session towards the upside objective 1532 or even higher. However, a corrective move which revisit below 1494 may dent our buying sentiments.

ZINC

Prices have been nearing towards the hourly Bollinger upper band level of 281.30 region. Which if breaks could extend present buying in the upcoming session. Else hold the same for a downside corrective move.

LEAD

Prices still have room for gains and possibly to stretch higher to 191.80 or even more. But a vertical fall below 189 may be a sign of intraday weakness.

ALUMINIUM

Price need to take off above the upside hindrance of 209.30 for an intraday recovery move. Failed to close above the same may push prices lower.

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