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BULLION

GOLD

As long as prices remain above the downside obstacle of 48030 could expect further prices rallies. But an unexpected fall below the same may eventually push prices lower to 47800.

SILVER

If prices claim above 65750, could trigger fresh buying in the upcoming session. But there is equal plausible chance of a corrective move towards 64500 unless prices claim above 65750.

ENERGY

CRUDEOIL

By breaking off the upside hurdle of 6320 prices may move further higher. Failed to achieve such trades may bid fresh corrective move in the later session.

NATURAL GAS

Intraday buying may takeoff only by voluminous trades above 303 region. However, if remain undisturbed could expect prices to trade lower 276.

BASE METALS

COPPER

Intraday weakness may be seen only by a corrective fall below 751 region. Inability to mark such trades may invite fresh buying in the later session.

NICKEL

Ensuing buying sentiments possibly to extend towards the upside objective of 1815 or even more to 1848. But a fall below 1762 may be a sign of downside corrective move.

ZINC

Prices still have room for further gains towards the upside objective of 301 or even more. But an unexpected fall below 297.40 may be a sign of intraday weakness.

LEAD

Witnessing selling sentiments likely to stretch lower in the session to come. But retreating trades above 186.80 would be a sign of fresh recovery move.

ALUMINIUM

Intraday long liquidation move may sustain only by decisive trades below 242.20 region, which if remain untouched could retain broad buying in the session to come.

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