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Technical Commentary

Gold

Upticks likely to continue only if it breaks $1830. Else, there are chances of corrective selling. Anyhow, a direct drop below $1750 is a weak signal.

Silver

A direct break of $25 is needed to continue rallies. Else, there are chances of corrective selling pressure.

Crude Oil

If unable to break $85 corrective selling is likely in the counter. Anyhow, a close below $79 is required to trigger major sell offs.

Technical Commentary

Gold KG

Expect a choppy trading initially. A direct rise above Rs 48300 may take prices further highs.

Silver KG

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

Crude Oil

Expect a choppy trading initially, but a direct rise above 6220 would trigger fresh rallies in the counter.

Natural Gas

Consistent trades below 365 would take prices further lower. Otherwise the trend will be positive for the day.

Copper

If unable to break 731 expect a recovery in prices. Else it may continue corrective selling

Nickel

A turnaround is possible as long as 1485 hold the downside. Consistent trades below the same is a weak signal.

Zinc

A direct dip below 268 may take prices further lower. Else, expect a upturn in prices for the day.

Lead

Upticks may continue while the support of Rs 186 remain undisturbed. A close below the same is a weak signal.

Aluminium

Weakness may continue while prices stay below 210. Anyhow, major support is seen at 196.

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