1}Gold: The counter maintained itself above the 15850 levels, however resisted the 7 DMA at 15925. Thus the
counter remained range bound. The RSI still lies below the MA, while ADX fails to give any direction at this
point. Breaching 15925 levels on the upside may call for some upside movement till 15990.
2}The counter remained weak in the previous session testing the support of 25885. The RSI and ADX
continue to indicate weak with declining prices. The prices are trading near the curtail support level between
25700-800, breaching this level prices spoil the trend. Thus the counter is expected to take support around
this levels and reverse upwards.
3}Copper: The counter traded weak in the previous session breaching the immediate trend line and closed
below the trend line at 306. The immediate trend seems to reverse on close below the trend line. The RSI and
+DI also are seen dropping slightly with decline in prices yesterday. Thus prices can corrected till 300-299
levels as long as prices remain below 314.
4}Nickel: The counter traded weak on breaching the support at 875 on the downside. The immediate trend
seems to reverse with negative break down from the triangular formation. The RSI and MACD indicate
weakness in the counter with negative crossovers. The counter may test 810-820 on the downside in near
term.
5}Aluminium:
The counter turned negative in the previous session on breaching the immediate trend line at 91.1. Prices
dropped lower to 89.2, the support of the second support line. The RSI breached the MA on downside with
sharp decline in prices. The prices can now take support at the support line, but breaching 89.2 on the
downside may trigger further selling in the counter. Next support is seen at 21 DMA at 88.
6}Crude oil: The counter is being range bound between 3650-3750 for past few sessions. While prices are not
able to closed above the 7 DMA in three sessions, which indicates slight weakness in the counter. The RSI is
still maintaining above the MA in the positive territory, but is declining with range bound price movement.
Thus breaching 3645 may trigger a downside in the prices on the other hand buying can be done on crossing
the resistance at 3750.
