Commodity News and Latest Update

 BULLION :
Gold prices are  expected to  bounce to the tune of 31450  if sustained above 31300,  one can buy around 31300 with a stop loss below 31220.  one could witness profit booking around 31450 -31500.
Silver prices are resisting 61000 -61100  zone. Prices  are expected to trade within the range from 61000 to 60000. Fresh buying recommended above 61000.

BASE METAL : 
Copper prices as expected tested the zone at 445 -446. For intraday one can sell around 443 – 443.50 with a stop loss above 447 for the target around 438 – 436.
Nickel prices are expected to trade within the range from 935 to 910. One can buy on dip around 915 -910 with a stop loss below 900.
Lead prices as expected tested 114.50 - 114 on lower end, one can buy on dips around 114 with a stop loss below 112.80 for the target at 116.30  -116.60.

 ENERGY : 
Crude price are expected to test the resistance zone at 4960 – 4980 if  prices sustain below that one can sell with a small stop loss above 4990. Prices are expected to test 4910 -4900.