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BULLION

GOLD

Intraday price rally may withstand only by sustainable trades above 48040 region. Else could anticipate a corrective fall towards the downside objective of 47720.

SILVER

Next phase of buying may trigger only by decisive trades above 62900 region. Failed to achieve such trades may gradually push prices lower to 61750 or even more.

ENERGY

CRUDEOIL

Prices seen in an overbought state and intraday move largely to be south bound if prices remain below 6170. But determined trades above the same may lift prices further higher.

NATURAL GAS

Further weakness may be seen only below 302 region. Inability to challenge below the same may be a sign of price recovery in the upcoming session.

BASE METALS

COPPER

Witnessing buying sentiments may strengthen in the session to come towards the upside objective of 763. Even in this bullish outlook, a surprise fall below 752.40 may be a sign of intraday weakness.

NICKEL

Established bullish sentiments may continue towards the upside objective of 1662 or even more to 1671. But a corrective fall below 1637 may dent our intraday buying sentiments.

ZINC

Ensuing buying sentiments likely to uphold in the upcoming session towards 294 region or even more. But a corrective fall below 289.50 may be a sign of intraday weakness.

LEAD

Present buying sentiments less likely to extend unless prices sustained above 192.60 region. Else hold the same for prices to turn lower in the later session.

Aluminium

Prices have been approaching towards the upside hindrance of 234.80 region. Which if remain undisturbed could expect prices to turn lower to 232. But break above 234.80 could extend present buying sentiments.

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