IGI Logo

BULLION

GOLD

Bargain buying likely to find momentum if prices stay above 49070 region. On the other hand, decisive trades below the above-mentioned region may grab prices lower.

SILVER

Prices likely to strengthen if prices stay above the 66400 region and such upside trajectory move may test 67800 or even higher. On the flipside, a surprise fall below 66400 may be a sign of intraday weakness.

ENERGY

CRUDEOIL

If prices remain below 6040 region could expect prices to trade lower in the session to come. But solid recovery above the same may be sign of fresh buying

NATURAL GAS

Intraday move is expected to south bound if prices stay below 370 region. But retreating trades above the same could lift prices higher in the later session.

BASE METALS

COPPER

Prices need to take off above the upside hindrance of 747 to initiate next stage of buying sentiments. Else could prices to consolidate with mild negative bias.

NICKEL

By breaking off the downside hurdle of 1509 would trigger fresh selling in the session to come. Failed to mark such trade could boost prices higher.

ZINC

Ensuing weak bias largely to extend lower in the upcoming session as long as prices remain below 277 region. Even in this bearish sentiments, regaining trades above the same may dent our weak sentiment

LEAD

A corrective fall which claim below 188 may be a sign of further weakness. Else hold the same for prices rebound higher.

ALUMINIUM

Present recovery move likely to uphold in the upcoming session if prices remain above the downside hurdle of 211.40 region. But slippage below the same may push 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