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Technical Commentary

Gold

A direct break above $1880 would continue the buying momentum. Else, there are chances of choppy with corrective selling.

Silver

Expect a choppy trade inside $25.50-23 levels initially. Breaking any of the sides would suggest fresh direction for the day.

Crude Oil

A turnaround is possible if the support of $74 remains hold the downside. Major resistance is seen at $81.

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

Corrective selling is likely while prices stay below Rs 67500. A direct break of which would continue fresh rallies.

Crude Oil

Break below 5850 would extend selling pressure. Immediate turnaround point is seen at 5980.

Natural Gas

Inability to move past 345 there are chances of recovery upticks in the counter. An unexpected drop below the same is a weak signal.

Copper

Further selloffs can be seen only a close below 725. Else, potential upside is on the cards for the day.

Nickel

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

Zinc

If the support of 262 remain hold the downside, expect recovery upticks. Else, weak bias would extend in the counter.

Lead

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

Aluminium

Recovery upticks can be seen as long as the support of 205 remain undisturbed. A direct drop below 200 is a sign of another round of liquidation pressure.

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