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BULLION

GOLD

Successful trades which sustain above 51170 could trigger fresh buying. Botched attempt to activate such trades may push down prices lower.

SILVER

Prevailing buying sentiments possibly to strengthen in the session ahead towards the upside objective of 63300 or even higher. A corrective fall below 62200 may be a sign of intraday weakness.

ENERGY

CRUDEOIL

Present bullish sentiments largely to stretch towards the upside objective of 8990 or even more. On the flipside, an unexpected fall below 8820 may bid fresh intraday selling

NATURAL GAS

A long liquidation move may progress only by tangible trades below 665 region. Else, expect prices to retain broad buying in the upcoming session.

BASE METALS

COPPER

Intraday move largely to be northbound if prices stay above the EMA level of 773.70 region. Although a corrective dip below the same may eventually push prices lower.

NICKEL

Weakness may persist further towards the downside objective of 2070 or even lower. But a rebounding trades which settle above 2180 could lift prices higher.

ZINC

Ensuing buying sentiments likely to uphold towards the price objective of 327 or even more to 328.80. Even in this positive outlook, a surprise fall below 323.80 may dent our buying expectation.

LEAD

A major price recovery may mature only by decisive trades above 184.60 region . Failed to achieve such trades may eventually push down prices lower.

ALUMINIUM

If prices remain below 244 region could expect further weakness to the counter. A direct rise which sustain above the same may push prices higher.

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