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Technical Commentary

Gold.

Expect a choppy trade inside $1800-$1765 levels and breaking either the sides would suggest fresh short term direction.

Silver

Weak bias may continue but the support of $21.20 needs to be cleared for triggering more bearish action.

Crude Oil

If the $69 support hold the downside, expect recovery upticks for the day. A direct drop below the same is an early signal of major liquidation.

Technical Commentary

Gold KG

Inability to break above Rs 48600 expect choppy trading for the day. A direct rise above the same is a short term buying signal.

Silver KG

Prices remains choppy with mild negative as long as Rs 63200 restrict further upsides. A close below Rs 60300 is a strong bearish signal.

Crude Oil

A direct rise above Rs 5520 would take prices higher. Else, there are chances of corrective selling pressure but major support is placed at Rs 5270.

Natural Gas

Inability to move past the support of 288 there are more potential upside. A close below 275 is major weak signal.

Copper

Consistent trades above Rs 737 would take prices further higher. Immediate downside reversal point is placed at Rs 714.

Nickel

A direct break above Rs 1590 would trigger further rallies. Otherwise corrective selloffs are expected.

Zinc

Immediate support of Rs 265 likely to restrict further liquidation in prices. However, firm resistance is seen at Rs 280..

Lead

A rangebound trade inside 187-183 levels remains on cards. Breaking either the sides would suggest fresh short term direction.

Aluminium

Breaking the immediate upside hurdle of Rs 217 is needed to continue rallies. Otherwise, choppy with mild negative bias is on cards.

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