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BULLION

GOLD

Prices possibly to consolidate within the trading range of 50680-50950. Prices need to break above or below the aforesaid region to trigger fresh directional move.

SILVER

Prices still have room for gains and possibly to extend towards the upside objective of 62000 or even higher. On the other hand, a surprise fall below 60700 may dent intraday buying sentiments.

ENERGY

CRUDEOIL

Determined trades above 8730 region would be a sign of fresh recovery move in the later session. Inability to achieve trades above the same may eventually push prices lower.

NATURAL GAS

Present long liquidation move likely to persist if prices remain below 542 region. Although in the bearish expectation, decisive trades above 544 could boost up prices higher.

BASE METALS

COPPER

As long as prices remain above the downside hindrance of 737 region could extend present recovery move towards 752. But a corrective fall below 737 may be sign of intraday weakness.

NICKEL

Weakness possibly to extend towards the downside objective of 2110 or even lower. A direct rise above 2190 could lift prices higher.

ZINC

Ensuing buying sentiments likely to uphold towards the upside objective of 320 or even higher to 323. But a corrective dip below 314.50 may be sign of weakness.

LEAD

Intraday move is expected to be northbound if prices remain 185.50 region. Even in this positive outlook, a corrective fall below the same may be sign of intraday weakness.

ALUMINIUM

If prices remain above the downside hurdle of 215 region could expect further recovery move in the later session. But a corrective fall below the same may push prices lower.

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