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Technical Commentary

Gold

Prices continue to be choppy inside $1765-1815 levels initially and breaking any of the sides would suggest fresh direction of the commodity.

Silver

Inability to break the resistance of $25 there are chance of choppy with mild negative bias trading for the day

Crude Oil

If unable to break $84 corrective selling is likely in the counter. Anyhow, breaking 79 is required to trigger major sell offs.

Technical Commentary

Gold KG

Resistance of Rs 48300 if remain undisturbed expect corrective selling pressure for the day. A direct rise above is an early signal of further rallies.

Silver KG

Break below 62500 would trigger further weakness in the counter. Inability to do so, can see recovery upticks.

Crude Oil

If the support of 6100 remain undisturbed expect slight recovery upticks. Anyhow, major downside reversal point is seen at 5980.

Natural Gas

Inability to surpass 386 there are chances of recovery upticks to continue the day. A direct break of which is a selling signal.

Copper

If unable to break 737 expect a turnaround in prices. Else it may continue corrective selling.

Nickel

A direct drop below 1488 there are chances of continuation of weak bias. Meanwhile, it required to break and sustain above 1545 to continue rallies.

Zinc

If the support of 279 holds the downside, expect recovery upticks for the day. Else, it may see continuation of weakness.

Lead

Further weakness seen only a break of Rs 184. Otherwise there are chances of recovery upticks.

Aluminium

Further selloffs can be seen only a direct break of 210. Else, choppy trading is on the cards.

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