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Technical Commentary

Gold

Choppy with mild positive bias can be seen if it remain hold the support of $1745. Anyhow, immediate resistance is seen at $1800.

Silver

Consistent trades above $23.60 would extend positive outlook for the day. An unexpected drop below $22.20 is an early signal of liquidation pressure.

Crude Oil

Prices continue to move upwards as long as it stays above $79.50. A direct drop below the same is a short term signal for correction.

Technical Commentary

Gold KG

If the support of 46200 remains holds, expect mild positive bias in the counter. Else, expect corrective selling.

Silver KG

If the support of 46200 remains holds, expect mild positive bias in the counter. Else, expect corrective selling.

Crude Oil

Initial bias likely to be choppy but there are potential upsides still on cards as long as the support of 5980 remain undisturbed.

Natural Gas

Corrective selloffs are likely if prices are unable to move past 418. Major support is seen at 348.

Copper

Break above 812 is needed to continue rallies. Else, there are chances of choppy with corrective selling pressure for the day.

Nickel

Bullish outlook to continue if the support of 1530 remain undisturbed. A close below the same is a corrective selling signal.

Zinc

Recovery upticks possible if the support of 290 continue to restrict further downside.

Lead

Inability to move past 192 there are chances of corrective selling pressure. Consistent trades above 195 is a sign of another bullish rally.

Aluminium

Choppy with mild negative bias trading is likely as long as 252 remains caps the upside.

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