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Technical Commentary

Gold

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

Silver

Inability to move past $24 it may continue the rallies for the day. Major downside reversal point is seen at $23.

Crude Oil

A turnaround in prices can be seen if it unable to break the support of $80. A close below $78.50 would trigger major liquidation pressure.

Technical Commentary

Gold KG

Prices continue to be choppy with mild positive as long as it hold the support of 48600. A close below 47800 is a weak signal.

Silver KG

Inability to move past Rs 67500 there are chances of corrective selling. Otherwise it may continue rallies.

Crude Oil

Break below 5850 would extend selling pressure. Else, choppy trading is on the cards for the day.

Natural Gas

Expect positive bias intact as long as the support of 375 remain undisturbed. A direct dip below 345 is a sign of weakness.

Copper

Expect a range bound trading inside 725-747 levels and breaking any of the sides would suggest fresh short term direction.

Nickel

Upticks may continue while Rs 1485 hold the downside. Consistent trades below the same is a weak signal.

Zinc

Further liquidation can be seen only a close below 268. Break above 282 would trigger fresh rallies.

Lead

A direct break below Rs 186 would trigger major liquidation. Else, turnaround in prices are likely.

Aluminium

Weak bias to continue while prices stay below 208. Immediate upside turnaround point is seen at 215.

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