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BULLION

GOLD

Prices possibly to trade lower with mild consolidation. Although, determined trades which sustain above 52020 would be a sign of fresh buying .

SILVER

If prices remain below 68900 could anticipate present weakness to extend lower. But there is equal plausible chance of a price recovery if prices settled above 68900.

ENERGY

CRUDEOIL

Present weak sentiments may hold out only by challenging trades below 7370 region. Inability to mark such trades may induce fresh recovery move to 7700.

NATURAL GAS

Fall past below 344 could expect prices to turn lower in the upcoming session. Which if remain undisturbed could expect price to gain higher to 360 region.

BASE METALS

COPPER

Since prices closed below the downside hurdle of 792, could expect further weakness in the upcoming session. But recovery trades above 796 may dent our bearish sentiments.

NICKEL

Price likely to consolidate with positive bias. But a corrective fall below 2680 may bid further long liquidation move in the later session.

ZINC

Prices likely to consolidate within the trading range of 310-316 region. A firm move which breaks either side of the above recommended region could set fresh directional move.

LEAD

Bearish sentiments possibly to persist towards the downside objective of 181 or even lower. A direct rise above 184 could see upside prospects.

ALUMINIUM

Current feebleness of prices may extend lower in the session ahead towards the downside objective of 262 or even lower. Recovery trades above 268.50 may a sign of intraday buying.

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