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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

Support of $69 remain 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

Expect a tight trade inside Rs 5520 - 5270 levels initially and breaking any of the sides would suggest fresh intraday direction.

Natural Gas

If unable to break the support of 288 there are potential recovery upticks. Meanwhile, a drop 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

Rallies above 281 would edge prices higher. Else, there are chances of corrective downside for the day.

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, a choppy trading is likely for the day.

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