IGI Logo

Gold:

A voluminous rebound above 62460 may offer further upside. Extended fall below 61900 region may induce weakness.

Silver:

Sustained trades above 70530 region may strengthen the prices further. Whereas, a dip below the same level can induce mild weakness.

ENERGY:

Crude Oil:

Prices may appear firmer above 6390 region. Whereas, holding the same resistance may induce mild correction.

Natural Gas:

MACD Bearish divergence suggest weakness may continue further. Any recovery moves could strengthen only above 160 region.

BASE METALS:

Copper:

MACD bearish divergence suggest prevalence of weakness. Rebound may strengthen only above 710 region.

Nickel:

Lack of volume in the counter.

Zinc:

Extended fall below 205.90 may weaken prices further. Whereas, if the same support is held, rebound may sustain.

BASE METALS:

Lead:

Mild weakness may be seen. Holding the support of 173.70 may induce mild rebounds.

Aluminium:

Range bound moves expected. Weakness may extend below 199, whereas a rebound above 200.70 may strengthen the prices as well.

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345