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BULLION

GOLD

Witnessing selling pressure largely to extend lower. However, retreating trades above 47600 would be a sign of short covering rally in the upcoming session.

SILVER

Prices need to crack below the downside obstacle of 66800 for a major corrective move. Conversely, failed to mark trades below the same may cajole fresh buying for todays session.

ENERGY

CRUDEOIL

Prices still have room for further gains in the coming session. However, a direct fall below 4030 may dent our buying expectation and such move may find support at 3940.

NATURAL GAS

Current weakness may prolong if prices remained below 204.80 region. On the other hand, determined trades above the same may gradually help prices to take off higher.

BASE METALS

Copper

Present buying likely to persist in the coming session towards the 602 or even more. Although slippage below 594 may squeeze down prices lower.

NICKEL

Like we said last day, major weakness may be seen only below 1268 region. Inability to crack below the same may bid fresh buying for today

BASE METALS

Zinc

If prices remained below the 211 region could expect prices to scale lower in the upcoming session. But tangible trades above the same would be an early sign of further buying.

Lead

Decisive trades above 165.40 could boost prices higher. Else hold the same for a corrective downside move and such move may find support at 162 or even more.

BASE METALS

Aluminium

Price need to challenge above the Bollinger middle band level of 163 for major price recovery. However, failed attempt to win above the same may squeeze down prices lower.

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