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Technical Commentary

Gold

Break above $1870 will take prices further higher. Else, there are chances of corrective selling.

Silver

While prices stay above $25 there are chances to continue rallies for the day. Immediate reversal point is seen at $23.

Crude Oil

Break below $80 would continue the corrective selloffs. Else, recovery upticks may continue the day.

Technical Commentary

Gold KG

Positive outlook likely to continue while prices stay above Rs 48300. A close below 47800 is a weak signal.

Silver KG

A direct break Rs 67000 is needed to trigger major bullish rallies. Else, corrective selling is likely for the day.

Crude Oil

Choppy with corrective selling is likely initially. Meanwhile, a direct rise above Rs 6220 would trigger fresh rallies in the counter.

Natural Gas

Expect a choppy trade inside Rs 363-390 levels initially and breaking any of the sides would suggest fresh direction.

Copper

A direct break of 724 would extend the selling pressure. Else, expect recovery upticks.

Nickel

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

Zinc

A direct lift above 281 would extend the positive outlook. Otherwise corrective selling pressure is on cards.

Lead

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

Aluminium

Inability to move past 201 expect recovery upticks to continue the day.

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