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BULLION

GOLD

Prices yet to take off above the upside hindrance of 48190 to initiate fresh buying in the later session. Botched attempt to mark such trades may grab prices lower.

SILVER

Intraday buying may trigger only by tangible trades above 61900. Which if remain untouched could expect prices to turn lower to 60600.

ENERGY

CRUDEOIL

Present long liquidation move likely to stretch lower if prices remain below 5540 region. On the other hand, determined trades above the same could boost prices higher.

NATURAL GAS

Present recovery move possibly to extend lower towards the upside objective of 309 region or even higher. But a corrective dip which slipped below 296 may dent our buying expectation.

BASE METALS

COPPER

As long as prices stay above the downside hurdle of 729 region could expect prices to trade higher. On the flipside a corrective move below the same may eventually push prices lower.

NICKEL

Witnessing weakness largely to stretch lower in the session to come. Although solid trades above 1566 would be sign of fresh buying in the later session..

ZINC

Inability to reclaim above 280 region could expect further long liquidation move in the later session. But sustained trades above the same may bid fresh buying in the session to come.

LEAD

Prices likely to consolidate within the trading range of 184-186. Prices yet to challenge any of the either side of the mentioned range would set out fresh directional move.

ALUMINIUM

Decisive trades above the Bollinger upper band level of 216.60 could boost prices higher. Inability to mark such trades may be a sign of corrective move in the later session.

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