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BULLION

GOLD

Intraday weakness may be seen only by tangible trades below 50480 region. Which if remain undisturbed would be sign of mild recovery towards 50990 or even more.

SILVER

As long as prices remain below the upside hurdle of 61300 region could expect weakness to continue towards the downside objective of 60000 or even lower to 59400.

ENERGY

CRUDEOIL

Weakness may persist towards the downside objective of 8080 or even lower to 7970. Even in this bearish sentiments, solid trades which claim above 8340 would be sign of mild price recovery.

NATURAL GAS

Current feebleness of prices likely to continue towards the downside objective of 510 or even lower. But recovery trades above 538 region would be a sign intraday price recovery.

BASE METALS

COPPER

Weakness may persist towards the downside objective of 725 or even lower 719. Even in this bearish sentiments, sturdy trades which claim above 735 would be a sign of fresh buying in the session ahead.

NICKEL

Weakness still intact and prices possibly to scale lower with thin trades. But a direct rise above 2190 could boost prices higher.

ZINC

If prices remain below 316 region could expect weakness to continue in the upcoming session towards 310 or even lower. Although a direct rise above 316 would be sign of prices to rebound higher.

LEAD

A major price rally may trigger only by decisive trades above 188 region. But there is equal plausible chance of corrective fall if prices failed to close above the upside hindrance of 188.

ALUMINIUM

Intraday weakness may activate only by tangible trades below 213 region. Else hold the same for prices to turn higher to 215.30 then to 216.80 region.

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