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BULLION

GOLD

Tangible trades which sustain above 51200 region could boost prices higher in the later session. Inability to challenge above the same may bid a downside corrective move.

SILVER

Prices likely to consolidate within the trading range of 61200-62500 region. A firm move which breaks either side of the aforesaid region may set the intraday directional move.

ENERGY

CRUDEOIL

Intraday buying may withstand only by decisive trades above 8650 region and such active trades may eventually test 8800 region. Failed to achieve trades above 8650 may push prices further lower.

NATURAL GAS

Established bullish sentiments largely to stretch towards the upside objective of 695 firstly or even higher to 703. A direct fall below 667 may be sign of intraday long liquidation move.

BASE METALS

COPPER

Consecutive days of buying momentum possibly to uphold in the upcoming session. However, a corrective dip which settle below the EMA level of 772 may be sign of further long liquidation move.

NICKEL

Weakness may persist in the upcoming session as long as prices stay below 2200 region. On the other hand, determined trades which sustain above the same may push prices higher.

ZINC

If prices remain above the downside support of 321 region could expect prices to extend previous session buying spree. Although a corrective fall which claim below 321 may grab prices lower.

LEAD

Slippage below 183.40 region would be a sign of further weakness. Else hold the same for prices to turn higher to 187 region or even more.

ALUMINIUM

Weakness may persist if prices remain below the upside hurdle of 246.20 region. But revisiting trades above 246.50 would lift prices higher.

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