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Technical Commentary

Gold.

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

Silver

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

Crude Oil

Mild upticks can be seen as long as the support tof $66 remains hold the downside. A direct break of $61.50 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

Expect recovery upticks as long as prices hold the support of Rs 60400 hold the downside. An unexpected drop below the same is a weak signal.

Crude Oil

Range bound with mild positive bias is in cards. However further sharp liquidation is seen only a break below Rs 4900.

Natural Gas

Inability to move past 276 there are chances of recovery moves. Anyhow major rallies are seen only a close above 298.

Copper

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

Nickel

Prices remain rangebound with mild positive bias 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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