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Technical Commentary

Gold

Expect a choppy with positive bias trading initially, but it required to break $1815 to trigger further major rallies. However, a direct drop below $1765 is a weak signal.

Silver

Breaking the resistance of $25 is needed to continue rallies. Otherwise a choppy trading expected the day.

Crude Oil

A direct break above $84 is required to trigger rallies. Else, there are chances of corrective selling pressure for the day.

Technical Commentary

Gold KG

Break above Rs 48500 is needed to continue rallies. Otherwise a choppy trading is on the cards.

Silver KG

A direct drop below 62500 is required to trigger weakness. Inability to do so, can see recovery upticks.

Crude Oil

If the support of 6100 remain undisturbed expect slight recovery upticks. Anyhow, downside reversal point is seen at 5980.

Natural Gas

Choppy with positive bias expected as long as the support of 431 remain undisturbed. Major support is seen at 398.

Copper

Major support is seen at 742, a direct break of which would extend weakness. Else, there are chances of recovery upticks.

Nickel

Expect a choppy trade inside 1545-1500 expected initially and breaking either the sides would suggest fresh direction to the commodity.

Zinc

If the support of 274 holds the downside, expect recovery upticks for the day. Else, it may see continuation of weakness.

Lead

Prices continue to be volatile inside Rs 184-189 levels initially and breaking any of the sides would suggest fresh direction for the day.

Aluminium

Further selloffs can be seen only a direct break of 210. Else, choppy trading is on the cards.

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