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Technical Commentary

Gold.

Support of $1765 if remain hold expect recovery upticks to continue the day. However, it needs to break above $1820 to convert into major rallies.

Silver

LBMA Spot

Outlook remains mild positive side as long as the support of $21.20 hold the downside.

Crude Oil

NYMEX

A direct break above $73.50 would continue fresh rallies in the counter. If unable to do so expect corrective selling pressure.

Gold

KG Feb

Breaking the resistance of Rs 48800 is needed to continue positive outlook. A direct break of Rs 47700 is a weak signal.

Silver

KG Mar

Likely for initial upticks but a break above 63000 is required to continue the move. Break below the stiff support of Rs 60300 is a weak signal.

Crude Oil

Jan

Recovery rallies may continue if the support of Rs 5300 restrict further downsides. Anyhow, major resistance is seen at 5580.

Natural Gas

Dec

Immediate outlook likely to be positive as long as the support of Rs 292 continue to restrict downside moves. A close below 275 is major weak signal.

Copper

Dec

Intraday trend continuous to be firm as long as the support of Rs 738 restrict further downside.

Nickel

Dec

Choppy trades expected initially. A direct rise above Rs 1565 is needed to trigger further up moves.

Zinc

Dec 

A direct break above 291 would continue rallies. Else, there are chances of corrective selling pressure for the day.

Lead

Dec

Present upticks may continue if the hold the support of 186. Meanwhile, a direct drop below 183 is a weak signal.

Aluminium

Dec

A direct rise above Rs 226 is needed to continue rallies. Else, a choppy trading is in cards for the day.

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