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BULLION

GOLD

Recovery gains may continue if prices stay above the the downside hindrance of 47700. But a corrective fall which claim below the same may be a sign of a downside corrective move.

SILVER

Intraday price outlook remain positive and possibly to extend higher towards 63400 or even more. On the flipside , an unexpected fall below 62100 may be a sign weakness.

ENERGY

CRUDEOIL

Prices need to challenge above the upside obstacle of 5540 region to resume recovery move for intraday . Else there are chances for prices to turn lower In the upcoming session.

NATURAL GAS

Further weakness may strengthen only by tangible trades below 286 region. Failed to close below the same may induce fresh recovery move in the later session.

BASE METALS

COPPER

Intraday move is expected to be north bound towards 752 or even more. But a surprise fall below 742.40 may be a sign of long liquidation move in the later session.

NICKEL

Intraday weakness may be seen only below 1556 region. Which if remain undisturbed could expect prices to gain further higher.

ZINC

Previous session buying sentiments still intact and possibly to strengthen towards the upside objective of 292 or even more. A direct fall below 287.60 may be a sign intraday weakness.

LEAD

By breaking off the downside hindrance of 188 could expect prices to trade lower. Which if remain undisturbed could boost prices to 194 or even higher.

ALUMINIUM

Witnessing long liquidation move less likely to continue if prices remain above 222.50 region. But a direct fall below the same may be a sign of weakness in the upcoming session.

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