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Technical Commentary

Gold.

Expect recovery upticks while prices stay above $1760. However a direct break below the support would trigger selling pressure.

Silver

Stiff support is placed at $21.20. A direct break of the same is a signal of short term liquidation pressure. Else, recovery upticks are in the cards.

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

A direct break of Rs 46500 would trigger further selling pressure. Else, a likely turn higher in prices for the day

Silver KG

As long as prices stay below Rs 64500 likely to continue weak bias. A direct rise above $67000 is a positive signal.

Crude Oil

Range bound with mild negative bias is in cards. However further sharp liquidation is seen only a break below Rs 4700.

Natural Gas

Expect selloffs as long as 326 remain caps the upside. A direct rise above 335 would extend rallies later.

Copper

Break below 714 is an early signal of major liquidation. Else, a turnaround in prices is on cards.

Nickel

Choppy with mild negative bias expected initially. However, a direct break above Rs 1600 is needed to trigger fresh rallies.

Zinc

If the support of 265 remains holds major liquidation pressure is less likely. However, firm resistance is seen at 278.

Lead

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

Aluminium

Consistent trades below Rs 210 expect weakness to continue the day as well. Further rallies are seen only a break of 218.

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