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Technical Commentary

Gold.

Break above $1820 is needed continue upticks in the counter. Else there are chances of corrective selling with stiff support tis seen at $1765.

Silver

LBMA Spot

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

Crude Oil

NYMEX

Rallies may continue while prices stay above $73.50. consistent trades below $69 is a weak signal.

Gold

KG Feb

Expect a choppy trade inside Rs 48800 — 47700 levels initially and breaking either sides would suggest fresh short term direction.

Silver

KG Mar

Prices remain range bound with mild negative bias but a break of Rs 60300 is a short term selling signal. A direct rise above Rs 63000 is a positive sign.

Crude Oil

Jan

While prices stays above Rs 5450 intraday bias remains positive. restrict further downsides. Further weakness is seen if it breaks at Rs 5300.

Natural Gas

Dec

If the support of Rs 270 remain holds expect rallies to continue the day. A direct drop below the same is a major selling signal.

Copper

Dec

Rallies above Rs 748 would continue rallies. Else, there are chances of selling pressure.

Nickel

Dec

Choppy trades expected initially. A direct rise above Rs 1560 is needed to trigger further up moves.

Zinc

Dec 

A direct break above 292 would continue rallies. Else, there are chances of corrective selling pressure for the day.

Lead

Dec

Upticks may continue if it holds the support of Rs 184. Meanwhile, a direct drop below Rs 181 is a weak signal.

Aluminium

Dec

Corrective selloffs are likely as long as the resistance of Rs 229.50 caps further rallies. Anyhow major support is seen at Rs 217.

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