IGI Logo

BULLION

GOLD

Broad buying likely to uphold in the session to come if prices stay above 48820 region. Although a corrective fall below the same may gradually push prices lower.

SILVER

As long as prices remain above the downside support of 66100 region could boost prices higher in the later session. But a surprise fall below the same may induce fresh selling.

ENERGY

CRUDEOIL

Further weakness may be seen only by decisive trades below 5930 region. Else hold the same for broad buying to gain pace in the upcoming session.

NATURAL GAS

If prices remain above the downside hurdle of 372 region could bid fresh recovery move. But a vertical fall below the same may squeeze down prices lower.

BASE METALS

COPPER

Prices likely to consolidate within the trading range of 742-729 region. A decisive move which breaks either side of the mentioned region could set the direction.

NICKEL

Intraday buying may activate only by tangible trades above 1536 region. Else hold the same for a downside corrective move in the later session.

ZINC

Prices have been nearing towards the downside obstacle of 274 region, Which if breaks could extend weakness in the later session. If not, could boost prices higher.

LEAD

Prices possibly to trade within the trading range of 190-188 region. A firm move which breaks either side of the mentioned region could set off fresh directional move.

ALUMINIUM

By breaking off the upside hurdle of 213.70 could bid further recovery move in the later session. Failed to mark such trades may squeeze down prices lower.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer