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BULLION

GOLD

Witnessing bullish sentiments probably to strengthen towards the upside objective of 50220 or even more to 50540. Even in this dominant bullish sentiments, slippage below 49790 may push prices lower.

SILVER

If prices remain above the downside support of 63200 could induce fresh buying in the coming session towards 64800 region. But break below 63200 may eventually push prices lower.

ENERGY

CRUDEOIL

Present long liquidation move may extend towards downside objective of 6540 or even lower to 6470. But retreating trades above 6690 could boost prices higher.

NATURAL GAS

Further weakness may be seen only by tangible trades below 324 region. Inability to move past below the same may bid fresh buying towards the upside objective of 342.

BASE METALS

COPPER

A corrective fall below 762 may be sign of intraday weakness. Which if remain undisturbed could expect price pullbacks to 773 or even higher.

NICKEL

Next phase of buying may be seen only by decisive trades above 1820 region. Else could anticipate a downside corrective move towards the downside objective of 1770 region.

ZINC

As long as prices remain above the downside support of 299.30 could expect prices to trade higher. An unexpected fall below aforementioned region may be a sign of intraday weakness.

LEAD

Intraday move is largely to be downward if prices stay below 185.60 region. However, recovery trades above the same could boost prices higher.

ALUMINIUM

Broad buying seem unflawed and possibly to extend towards the upside objective of 262 or even higher. But a surprise fall below 259 may dent our buying expectation.

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