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Technical Commentary

Gold

A direct break below the support of $1765 would extend the selling pressure. Else, there are chances of recovery upticks for the day.

Silver

While prices stay below the major support of $22.50 expect more bearish actions in the counter. Recovery upticks can be seen only a break above $23.

Crude Oil

If the $62 support remains holds, there are chances of recovery upticks in the cards. A direct drop below the same would extend liquidation pressure.

Technical Commentary

Gold KG

Prices likely to be choppy with negative while it stays below the support of Rs 48600. Anyhow major support is seen at Rs 47100.

Silver KG

Weak bias to continue while the resistance of Rs 64500 remain caps the upside. A direct rise above the same is a positive signal.

Crude Oil

As long as prices hold the support of Rs 4700 there are chances of recovery upticks. Anyhow, major resistance is seen at Rs 5480..

Natural Gas

Selloffs may continue while prices stay below Rs 338. Breaking Rs 352 is needed to negate the view.

Copper

Choppy with mild negative bias trading is likely as long as Rs 737 remains caps the upside. Major support is placed at 714.

Nickel

A direct break of the support of $1520 would trigger further selloffs. Otherwise recovery rallies expected.

Zinc

Immediate support of Rs 265 likely to restrict further liquidation pressure. However, firm resistance is seen at Rs 278.

Lead

A direct break of Rs 182 would continue selling pressure. Otherwise recovery upticks are on cards.

Aluminium

Prices remain choppy inside Rs 217-207 levels initially. Breaking either the sides would set fresh short term direction.

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