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BULLION

GOLD

As long as prices remained below 48190 region could expect further weakness. But a direct rise which sustain above the same may bid fresh buying in the upcoming session.

SILVER

Decisive trades above the upside hindrance of 62100 would be a sign of intraday buying in the coming session. Failed to claim above the same may squeeze down prices lower.

ENERGY

CRUDEOIL

Prices have been trading in a wide consolidation range of 5340-5530. A major directional move may set out only by solid trades which claim either side of the mentioned region.

NATURAL GAS

Present weakness may strengthen only by tangible trades below 281 region. Else hold the same for prices to rebound in the session to come towards the upside objective of 297 or even more.

BASE METALS

COPPER

Slippage below 728 may be a sign of fresh selling. Inability to activate such trade may lift prices higher towards the upside objective of 738 or even more.

NICKEL

Current feebleness of prices largely to extend if prices remain below the Bollinger middle band level of 1554 region. Although recovery trades above the same may push prices higher.

ZINC

Prices likely to consolidate with mild negative bias. But a direct rise above the upside hurdle of 281 could boost prices higher.

LEAD

Prices possibly to trade within the congestion range of 184-186. Prices need to come out any of the mentioned price region to trigger fresh directional move.

ALUMINIUM

Intraday weakness may further see only by tangible trades below 215.30 region. Inability to claim below the same may be a sign of price recovery in the coming session.

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