COVERAGE OF PRE-US MARKET TRADING INCLUDING FUTURES INFORMATION FOR BULLION, BASE METALS AND ENERGY

Bullion

            Gold: Pit Session starts at 5.50 pm

International Spot Gold has resistance at $1767 and a downside move till $1733 could be possible. MCX October Gold has resistance at 31560 and a downside move till `31090 could be possible. However, an upside break of this resistance could take prices higher till $ 1775/31670 levels.  

Silver: Pit Session starts at 5.55 pm

International Spot Silver has resistance at $34.50 and a downside move till $32.90 could be possible. MCX December Silver has resistance at 63100 and a downside move till 61350 could be possible. However, an upside break of resistance could take prices higher till $35.20/`63950 levels. 

Energy

Crude Oil: Pit Session starts at 7.30 pm

International Spot Crude oil has resistance at $92.00 and a downside move till $89.00 could be expected. MCX Sep Crude Oil has resistance at 4920 and downside move till 4795 could be possible. However, an upside break of this resistance could take prices higher till $93.30/4980 level. 

Natural Gas: Pit Session starts at 7.30 pm

MCX October Natural Gas has support at 164 levels and an upside move till 173 could be expected. However, a downside break of support could take prices lower till 161 level.   

Base Metals

Zinc:

MCX September Zinc has resistance at 112.5 and a downside move till 109.5 could be expected. However, an upside break of resistance could take prices higher till 113.5 level. 

Copper:

MCX November Copper has resistance at 445 and a downside move till 437 could be expected. However, an upside break of resistance could take prices higher till 449 level.    

Lead:

MCX September Lead has resistance at 123.5 and a downside move till 119.50 levels could be expected. However, an upside break of resistance could take prices higher till `125 level.

Nickel:

MCX September Nickel has resistance at 985 and a downside move till 952 could be expected. However, an upside break of resistance could take prices higher till 998 level.  

 Aluminum:

MCX September Aluminum has resistance at 111.1 and a downside move till 109 could be expected. However, an upside break of resistance could take prices higher till 112.3 level.