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BULLION

GOLD

Intraday weakness may be seen only by solid trades below 50640 region. Failed to fall past below the same may lift prices higher towards the upside price objective of 51100.

SILVER

Present bearish momentum may extend towards the downside objective of 59700 or even lower. On the flipside, refurbish trades which settle above 61100 may induce fresh buying in the session ahead.

ENERGY

CRUDEOIL

Retreating trades which reclaim above 8130 could trigger fresh buying . Botched attempt to achieve such trades may eventually push prices lower .

NATURAL GAS

Intraday price recovery may withstand only by decisive trades above 588 region. Which if remain undisturbed could extend weakness towards 554 region or even lower.

BASE METALS

COPPER

Expect weakness to persist towards the price objective of 739 or even lower. But resurging trades above 754 could trigger fresh buying in the session ahead.

NICKEL

If prices remain below 2290 region could anticipate weakness in the upcoming session. A direct rise above the same may induce fresh buying 2340 region.

ZINC

Current feebleness in prices possibly to extend lower. Although retreating trades above 313.80 would be a sign of potential recovery in today’s session.

LEAD

Prices have been approaching towards the downside hurdle of 181.40 region. Which if breaks could extend weakness. Else hold the same for price to rebound higher .

ALUMINIUM

Weakness may extend in the upcoming session towards the downside objective of 228.50 or even more. But recovery trades above 231.80 could boost prices higher.

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