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BULLION

GOLD

Major buying may be seen only decisive trades above 51600 region. Inability to mark such trades could expect prices to consolidate with negative bias.

SILVER

Reclaiming trades above 67700 would be a sign of fresh buying in the coming session. Botched attempt to do so may bid a downside corrective move in the later session.

ENERGY

CRUDEOIL

Intraday weakness may continue in the coming session towards the downside objective of 7620 or even lower to 7480 region. Although in the bearish sentiments recovery trades above 7880 may induce fresh buying.

NATURAL GAS

Ensuing buying sentiments likely to uphold towards the upside objective of 425 or even higher to 433. Even in this positive note, a corrective fall below 412 may be a sign of weakness.

BASE METALS

COPPER

Next stage of weakness may be seen only by decisive trades below 812 region. Which if remain undisturbed could expect prices to turn higher to 826 region

NICKEL

Prices need to challenge above the upside hurdle of 2600 to persist broad buying. Failed to move past above the same may eventually push prices lower to 2100

ZINC

Intraday weakness may be seen only by decisive trades below 337.80 region. Else hold the same for prices to persist broad buying towards 345 region

LEAD

Intraday move is expected to be northbound if prices stay above 183.80 region. A corrective fall which dip below the same may dent our buying expectation.

ALUMINIUM

If prices remain above the downside obstacle of 282.50 region could expect prices to lift higher. But a corrective fall below the same may squeeze down prices lower.

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