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Bullion

Gold

Pullbacks are likely as long as support of 76300-200 is held downside.

Silver

Pullbacks may not be ruled out after the recent declines. However, slippage past 90500 ranges may call for more downside correction.

Energy

Crude Oil

As long as the key resistance of 6050 caps, may trade sideways with a mild weak bias. A direct voluminous rise above 6050 may call for 6090-6135 or even more.

Natural Gas

While the witnessing downside correction may continue, brief pullbacks to 275/282 ranges may not be ruled out as well.

Base Metals

Copper

Brief bounce to 818-825 ranges may not be ruled out. Yet, a voluminous rise above 835 is required for the sentiments to improve. On the downside, slippage past 804 may intensify weakness.

Nickel

Lack of volume in the counter.

Zinc

Choppy to weak trades expected unless 290 is breached upside accompanied by considerable volumes.

Base Metals

Lead

Pullbacks to 180.50 or more may not be ruled out. On the downside, a fall below 177.60 could weaken sentiments.

Aluminium

Choppy to weak trades anticipated unless 247 is breached upsides accompanied by robust volume.

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