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Gold

Range bound moves expected intraday. As long as the down side levels of 61700 remain intact possibility of major weakness can be ruled out. Rebound would sustain above 63000.

Silver

MACD convergence suggest sideways moves possible in the intraday. Extended dip below 74030 may weaken prices further.

ENERGY

Crude Oil

Extended dip below 5740 region would weaken the prices further. Prices would strengthen only with sturdy gains above 5980 region.

Natural Gas

MACD bearish divergence suggest prevalence of weakness. Rebound expected to sustain above 215 region.

BASE METALS

Copper

Range bound moves with mild weak bias expected. Rebound would sustain with steady gains above 714 region.

Nickel

Thin volume trades seen

Zinc

Mild Weakness expected. Rebound above 220 region may strengthen the prices.

BASE METALS

Lead

Range bound moves with mild negative bias expected. Steady gains above 183.70 could offer further upside.

Aluminium

Weakness is possible to continue below 195.70 region. Rebound above 197.40 may strengthen the prices as well.

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