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BULLION

GOLD

If prices remain below 52520 could expect prices to trade lower towards the downside objective of 52090 or even lower. However, recovery trades above 51520 could boost up prices higher.

SILVER

If prices remain below 68900 could expect present feebleness of prices to continue towards the downside objective of 67400 or even lower. But recovery trades above 68900 could boost prices higher.

ENERGY

CRUDEOIL

Previous session long liquidation move largely to continue in the session ahead. Although, recovery trades which sustain above 7990 may be a sign of further price recovery.

NATURAL GAS

Present long liquidation move may persist only by determined trades below 528 region. Else hold the same for prices to rebound higher in the session ahead.

BASE METALS

COPPER

Current feebleness of prices likely to extend towards the downside objective of 813 firstly or even lower to 805. But retreating trades above 824 may entice fresh buying sentiments.

NICKEL

Next phase of price recovery may be seen only by decisive trades above 2600 region. Inability to challenge above the same may eventually push prices lower.

ZINC

If prices remain below 377.50 region could expect prices to trade lower in the session ahead towards 371. But recovery trades above 377.50 may lift prices higher.

LEAD

Weakness may persist towards the downside objective of 184.60 or even lower. But solid trades above 188.60 would be a sign of intraday recovery move.

ALUMINIUM

Weakness may persist towards the downside objective of 266.50 or even lower. Even in this bearish sentiments, recovering trades above 269.80 could boost up prices higher

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